Possible over-assessment

580 N State Road 7

Royal Palm Beach, 33411 · Palm Beach County, Florida · commercial property · 5,165 sq ft · Fla. Stat. s.193.011(8)

$3,489estimated 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$2,068,164
What the comparable sales support$1,875,421
Estimated over-assessment$192,743 · 9.3%
Comparable basis$427/SF
Estimated tax saved / year$3,489

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
$292$2894,892 SF2000
$355$3443,864 SF2000
$395$3824,816 SF1996
$396$3843,864 SF2000
$384$3864,171 SF2006
$462$4696,500 SF1999
$569$5635,188 SF1999
$570$5654,755 SF2001

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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