Over-assessed vs. comparables

9621 S State Road 7

Boynton Beach, 33472 · Palm Beach County, Florida · industrial property · 19,890 sq ft · Fla. Stat. s.193.011(8)

$34,370estimated 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$5,398,489
What the comparable sales support$3,499,619
Estimated over-assessment$1,898,870 · 35.2%
Comparable basis$207/SF
Estimated tax saved / year$34,370

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
$81$8224,888 SF1976
$181$17620,400 SF1974
$169$17824,800 SF1985
$186$18917,715 SF1985
$195$20019,270 SF1986
$210$21422,200 SF1982
$249$25918,096 SF1990
$267$25912,719 SF1981

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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