Possible over-assessment

7700 Camino Real

Boca Raton, 33433 · Palm Beach County, Florida · commercial property · 45,232 sq ft · Fla. Stat. s.193.011(8)

$9,199estimated 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$9,546,927
What the comparable sales support$9,038,691
Estimated over-assessment$508,236 · 5.3%
Comparable basis$235/SF
Estimated tax saved / year$9,199

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
$155$14825,819 SF1987
$201$18850,037 SF1973
$198$19843,969 SF1989
$203$21954,068 SF1999
$227$22228,655 SF1991
$265$24823,400 SF1985
$263$26122,834 SF1997
$296$31049,433 SF1996

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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