Possible over-assessment

280 NE 2nd Ave

Delray Beach, 33444 · Palm Beach County, Florida · commercial property · 2,921 sq ft · Fla. Stat. s.193.011(8)

$24,785estimated overpaid in property tax / year

The public records suggest this property may be over-assessed, but the comparison is wide enough that we verify it by hand — free, with no obligation — before saying you have a case.

What the public records show

Palm Beach public rollFlorida
Current assessment$2,959,899
What the comparable sales support$1,590,574
Estimated over-assessment$1,369,325 · 46.3%
Comparable basis$641/SF
Estimated tax saved / year$24,785

Straight from the public Florida roll. The estimated saving applies an estimated composite millage to the over-assessment. We adjust comparables for size, age, and location before we say a word about your property — and we never name owners.

The comparable basis

The 8 comparable sales behind the number

Each comparable is adjusted toward this property for size and age, then we take the median. Owners are never named — only the public sale figures matter.

Comparable sale $/SFAdjusted $/SFSizeBuilt
$126$1171,905 SF1930
$270$2762,038 SF1948
$347$3753,742 SF1947
$400$3902,503 SF1935
$518$5522,893 SF1950
$681$7303,673 SF1946
$890$8251,928 SF1929
$815$8341,780 SF1950

Why this is the lever

Fla. Stat. s.193.011(8)

Under s.193.011(8), Just Value must be net of the usual and reasonable costs of sale (customarily ~15%). Where an assessment meets or exceeds the gross price comparable properties actually sold for, it cannot reflect net-of-cost just value, and the Value Adjustment Board can reduce it.

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