Over-assessed vs. comparables

4000 Burns Rd

Palm Beach Gardens, 33410 · Palm Beach County, Florida · commercial property · 14,301 sq ft · Fla. Stat. s.193.011(8)

$18,790estimated 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$4,273,581
What the comparable sales support$3,235,487
Estimated over-assessment$1,038,094 · 24.3%
Comparable basis$266/SF
Estimated tax saved / year$18,790

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
$33$3111,999 SF1988
$190$18212,942 SF1985
$192$18512,222 SF1987
$247$23411,248 SF1986
$244$25216,004 SF1996
$288$28112,154 SF1990
$282$29714,198 SF2003
$297$3009,164 SF2001

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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