Just Valuation

Just Value generally is recognized as the result of an arms length transaction, adjusted for criteria in F.S. 193.011, subject to F.S. 194.301.

Excerpts from Florida Constitution, Chapter VII

SECTION 2. Taxes; rate.-- All ad valorem taxation shall be at a uniform rate within each taxing unit . . .

SECTION 4. Taxation; assessments.-- By general law regulations shall be prescribed which shall secure a just valuation of all property for ad valorem taxation . .

2. No assessment shall exceed just value.