Over-assessed vs. comparables

4790 Lake Worth Rd

Greenacres, 33463 · Palm Beach County, Florida · commercial property · 2,942 sq ft · Fla. Stat. s.193.011(8)

$9,892estimated 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$1,757,258
What the comparable sales support$1,210,732
Estimated over-assessment$546,526 · 31.1%
Comparable basis$484/SF
Estimated tax saved / year$9,892

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
$70$693,235 SF1984
$227$2213,060 SF1985
$295$2933,185 SF1988
$434$4112,992 SF1980
$504$4792,934 SF1981
$459$4892,982 SF2004
$519$5243,568 SF1989
$764$7753,076 SF1993

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.

Your free review

See the full comparable analysis and start your review

The number above is free. Enter your email and we'll send the full breakdown for 4790 Lake Worth Rd and tell you, with no obligation, whether it's worth filing. A licensed Florida agent handles everything from there. You pay only if your value comes down.

Get the full report
No upfront cost. We only get paid if we win your appeal.

More in Palm Beach County

Other Palm Beach County properties over the line