Possible over-assessment

499 E Palmetto Park Rd

Boca Raton, 33432 · Palm Beach County, Florida · commercial property · 9,560 sq ft · Fla. Stat. s.193.011(8)

$45,990estimated 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$5,263,322
What the comparable sales support$2,722,426
Estimated over-assessment$2,540,896 · 48.3%
Comparable basis$335/SF
Estimated tax saved / year$45,990

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$22911,362 SF1972
$239$25411,582 SF1977
$287$2805,744 SF1972
$303$3178,840 SF1980
$377$3539,288 SF1957
$365$3839,044 SF1980
$433$4206,695 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.

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 499 E Palmetto Park 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