Over-assessed vs. comparables

9141 Southern Blvd

Royal Palm Beach, 33411 · Palm Beach County, Florida · commercial property · 5,282 sq ft · Fla. Stat. s.193.011(8)

$15,765estimated 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$2,943,594
What the comparable sales support$2,072,612
Estimated over-assessment$870,982 · 29.6%
Comparable basis$462/SF
Estimated tax saved / year$15,765

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
$263$2696,456 SF2006
$292$2814,892 SF2000
$274$2827,028 SF2005
$395$3714,816 SF1996
$384$3764,171 SF2006
$569$5485,188 SF1999
$570$5504,755 SF2001
$890$8523,257 SF2005

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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