Possible over-assessment

537 Northlake Blvd

North Palm Beach, 33408 · Palm Beach County, Florida · commercial property · 2,977 sq ft · Fla. Stat. s.193.011(8)

$774estimated 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$1,227,090
What the comparable sales support$1,184,331
Estimated over-assessment$42,759 · 3.5%
Comparable basis$468/SF
Estimated tax saved / year$774

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
$132$1342,656 SF1974
$223$2193,136 SF1963
$242$2472,895 SF1973
$294$2942,720 SF1970
$454$4633,557 SF1968
$461$4733,599 SF1969
$615$6263,656 SF1967
$691$6652,272 SF1965

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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