Over-assessed vs. comparables

980 N Military Trl

West Palm Beach, 33415 · Palm Beach County, Florida · commercial property · 8,912 sq ft · Fla. Stat. s.193.011(8)

$9,982estimated 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$2,853,013
What the comparable sales support$2,301,497
Estimated over-assessment$551,516 · 19.3%
Comparable basis$304/SF
Estimated tax saved / year$9,982

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
$76$726,360 SF1963
$72$737,999 SF1973
$222$23411,362 SF1972
$282$2675,942 SF1963
$300$2865,500 SF1965
$303$3228,840 SF1980
$377$3609,288 SF1957
$365$3899,044 SF1980

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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