Possible over-assessment

5019 Okeechobee Blvd

West Palm Beach, 33417 · Palm Beach County, Florida · commercial property · 1,680 sq ft · Fla. Stat. s.193.011(8)

$4,793estimated 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$1,723,972
What the comparable sales support$1,459,189
Estimated over-assessment$264,783 · 15.4%
Comparable basis$1022/SF
Estimated tax saved / year$4,793

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
$266$2341,600 SF1979
$408$4111,200 SF2009
$459$4992,982 SF2004
$853$7261,700 SF1972
$875$9432,970 SF2002
$1051$11012,045 SF2007
$1058$11762,670 SF2012
$1190$13171,848 SF2021

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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