Over-assessed vs. comparables

2930 Forest Hill Blvd

Palm Springs, 33406 · Palm Beach County, Florida · commercial property · 4,718 sq ft · Fla. Stat. s.193.011(8)

$5,428estimated overpaid in property tax / year

This property's assessment sits above the comparable basis its tax bill should follow — a strong opening for an appeal.

What the public records show

Palm Beach public rollFlorida
Current assessment$1,371,334
What the comparable sales support$1,071,432
Estimated over-assessment$299,902 · 21.9%
Comparable basis$267/SF
Estimated tax saved / year$5,428

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
$75$764,681 SF1963
$123$1224,049 SF1960
$161$1554,360 SF1953
$230$2355,322 SF1960
$261$2645,556 SF1958
$274$2704,920 SF1955
$292$2914,445 SF1959
$380$3694,080 SF1956

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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