Property Value History

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Tax Year Just Market Assessed SOH Assessed Taxable Source 2001 12,000 12,000 12,000 12,000 ROLL 2002 12,000 12,000 12,000 12,000 ROLL 2003 12,000 12,000 12,000 12,000 ROLL 2004 128,050 128,050 128,050 128,050 ROLL 2005 173,320 173,320 173,320 148,320 SOH 2006 272,270 272,270 211,760 186,760 SOH 2007 266,810 266,810 217,050 192,050 SOH 2008 214,370 214,370 214,370 164,370 SOH 2009 119,030 119,030 119,030 119,030 SOH 2010 107,482 107,482 107,482 107,482 SOH 2011 99,736 99,736 99,736 99,736 SOH 2012 118,689 118,689 109,710 109,710 SOH

The Just value is the total parcel assessment (less any considerations for the cost of sale). This is the closest value to Fair Market Value we produce and is dated as of January 1st of the tax year in question (F.A.C. 12D-1.002).

The Market Assessed value is the total parcel assessment (less any considerations for the cost of sale) based upon the assessment standard. Most parcels are assessed based either upon the Highest and Best Use standard or the Present Use standard (F.S. 193.011) . For Agriculturally Classified parcels (or parts thereof), only agricultural uses are considered in the assessment (F.S. 193.461 (6) (a)). The difference between the Highest and Best Use/Present Use and the Agricultural Use is often referred to as the Agricultural Exemption.
(i.e. Market Assessed = Just - Agricultural Exemption)

The Capped (SOH) Assessed value is the Market Assessment after any Save Our Homes cap is applied. This assessment cap is applied to all Homesteaded properties and limits year-to-year assessment increases to either the Consumer Price Index or 3%, whichever is lower. Some Homestead Exempt taxing authorities use this assessment to calculate a parcel's taxes.
(i.e. Capped (SOH) Assessed = Market Assessed - SOH Cap)

The Taxable value is the Capped (SOH) Assessment after any personal exemptions, such as Homestead, are applied to it. This is the value that most taxing authorities use to calculate a parcel's taxes.
(i.e. Taxable = Capped (SOH) Assessed - Exemptions)