Over-assessed vs. comparables

4650 W Atlantic Ave

Delray Beach, 33445 · Palm Beach County, Florida · commercial property · 7,998 sq ft · Fla. Stat. s.193.011(8)

$23,373estimated 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$3,438,844
What the comparable sales support$2,147,494
Estimated over-assessment$1,291,350 · 37.5%
Comparable basis$316/SF
Estimated tax saved / year$23,373

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
$72$727,999 SF1973
$222$23011,362 SF1972
$287$2785,744 SF1972
$287$2957,313 SF1980
$324$3155,563 SF1974
$303$3168,840 SF1980
$365$3839,044 SF1980
$433$4186,695 SF1969

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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