Over-assessed vs. comparables

3805 Northlake Blvd

Palm Beach Gardens, 33403 · Palm Beach County, Florida · commercial property · 4,576 sq ft · Fla. Stat. s.193.011(8)

$8,817estimated 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$2,084,322
What the comparable sales support$1,597,199
Estimated over-assessment$487,123 · 23.4%
Comparable basis$411/SF
Estimated tax saved / year$8,817

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
$247$2454,658 SF1979
$258$2555,040 SF1977
$282$2864,250 SF1985
$306$3134,650 SF1985
$348$3564,886 SF1984
$455$4664,943 SF1984
$512$5294,685 SF1987
$625$6275,002 SF1980

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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