Possible over-assessment

5065 W Atlantic Ave

Delray Beach, 33484 · Palm Beach County, Florida · commercial property · 4,020 sq ft · Fla. Stat. s.193.011(8)

$14,242estimated 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$1,868,947
What the comparable sales support$1,082,088
Estimated over-assessment$786,859 · 42.1%
Comparable basis$317/SF
Estimated tax saved / year$14,242

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$703,235 SF1984
$247$2474,658 SF1979
$282$2884,250 SF1985
$304$3083,800 SF1986
$306$3164,650 SF1985
$325$3173,842 SF1978
$348$3594,886 SF1984
$455$4704,943 SF1984

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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