Possible over-assessment

600 SE 5th Ave

Delray Beach, 33483 · Palm Beach County, Florida · commercial property · 5,310 sq ft · Fla. Stat. s.193.011(8)

$45,061estimated 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$4,218,563
What the comparable sales support$1,729,008
Estimated over-assessment$2,489,555 · 59.0%
Comparable basis$383/SF
Estimated tax saved / year$45,061

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
$247$2524,658 SF1979
$258$2635,040 SF1977
$287$2905,744 SF1972
$300$2915,500 SF1965
$324$3285,563 SF1974
$433$4386,695 SF1969
$573$5915,935 SF1976
$625$6465,002 SF1980

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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