Over-assessed vs. comparables

828 S Military Trl

West Palm Beach, 33415 · Palm Beach County, Florida · commercial property · 4,258 sq ft · Fla. Stat. s.193.011(8)

$10,319estimated 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$2,090,066
What the comparable sales support$1,519,977
Estimated over-assessment$570,089 · 27.3%
Comparable basis$420/SF
Estimated tax saved / year$10,319

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$2934,892 SF2000
$355$3483,864 SF2000
$395$3884,816 SF1996
$396$3883,864 SF2000
$384$3904,171 SF2006
$459$4492,982 SF2004
$569$5725,188 SF1999
$570$5744,755 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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