Definition: In Florida property taxation, just value is the property's market value as determined by the property appraiser under the required valuation criteria.
Example
The property appraiser analyzes market evidence to estimate a parcel's just value for the assessment date.
Keep the distinction clear
Just value is not necessarily the owner's purchase price or the taxable value. Assessment limitations and exemptions can produce lower assessed and taxable amounts.
Related terms
Market Value · Assessed Value · Taxable Value
Keep studying
Homestead Exemptions and Property-Tax Math
References: Florida Department of Revenue: the property tax system
Pronunciation (US): just VAL-yoo (capitals show stress)
Pronunciation reference: Merriam-Webster
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