Possible over-assessment

6503 N Military Trl 1

Boca Raton, 33496 · Palm Beach County, Florida · multifamily property · 420,742 sq ft · Fla. Stat. s.193.011(8)

$501,649estimated 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$103,676,599
What the comparable sales support$75,961,178
Estimated over-assessment$27,715,421 · 26.7%
Comparable basis$212/SF
Estimated tax saved / year$501,649

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
$79$6811,420 SF1979
$149$13018,596 SF1979
$186$15440,956 SF1969
$181$196256,459 SF2013
$238$19713,050 SF1971
$228$22776,658 SF2004
$386$32214,644 SF1972
$350$395435,852 SF2012

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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