Over-assessed vs. comparables

8165 Glades Rd

Boca Raton, 33434 · Palm Beach County, Florida · commercial property · 57,466 sq ft · Fla. Stat. s.193.011(8)

$89,476estimated overpaid in property tax / year

This property's assessment sits above the comparable basis its tax bill should follow — a strong opening for an appeal.

What the public records show

Palm Beach public rollFlorida
Current assessment$14,415,348
What the comparable sales support$9,471,909
Estimated over-assessment$4,943,439 · 34.3%
Comparable basis$194/SF
Estimated tax saved / year$89,476

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
$143$15178,650 SF1987
$155$15973,802 SF1983
$171$17972,092 SF1987
$184$18975,056 SF1982
$201$18950,037 SF1973
$198$19943,969 SF1989
$296$31049,433 SF1996
$435$43137,548 SF1988

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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