Property Value History

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Tax Year Just Market Assessed SOH Assessed Taxable Source 2004 5,600 5,600 5,600 5,600 ROLL 2005 14,870 14,870 14,870 14,870 ROLL 2006 48,000 48,000 48,000 48,000 ROLL 2007 170,060 170,060 170,060 145,060 SOH 2008 144,990 144,990 144,990 94,990 SOH 2009 50,430 50,430 50,430 25,000 SOH 2010 41,533 41,533 41,533 0 SOH 2011 46,010 46,010 45,686 0 SOH 2012 45,801 45,801 45,801 20,801 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)