Possible over-assessment

4855 Technology Way

Boca Raton, 33431 · Palm Beach County, Florida · commercial property · 113,116 sq ft · Fla. Stat. s.193.011(8)

$170,071estimated overpaid in property tax / year

The public records suggest this property may be over-assessed, but the comparison is wide enough that we verify it by hand — free, with no obligation — before saying you have a case.

What the public records show

Palm Beach public rollFlorida
Current assessment$35,942,236
What the comparable sales support$26,546,060
Estimated over-assessment$9,396,176 · 26.1%
Comparable basis$276/SF
Estimated tax saved / year$170,071

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
$121$130144,679 SF2017
$203$18454,068 SF1999
$230$21021,732 SF2007
$280$25214,058 SF2005
$296$26249,433 SF1996
$318$2909,288 SF2009
$322$30047,532 SF2006
$428$40870,730 SF2006

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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