Table 1 Various types of official valuations of properties, some of which types may be used as source data of property values as a scenic value weighting criterion
Just value | Market Value per County Appraiser, the total of land and building. What the County Appraiser calls, but is typically less than, The most probable price in cash, terms equivalent to cash, or other precisely revealed terms, for which the appraised property will sell in a competitive market under all conditions requisite to fair sale as of January 1 of the Roll Year. AKA Just Value |
School assessed value | The assessed value for school district taxation. For homesteaded properties, this may be less than Market Value due to value freezing but before the deduction of exemptions. School and non-school assessed value may differ in counties where the county or the city has adopted ordinances for assessing historic property used for commercial or non-profit purposes and high water recharge property based on character or use. There is a 10% assessment increase limitation on the non-homestead property will also apply only for non-school purposes and further cause the assessed values for school and non-school purposes to be different |
County-assessed value | The assessed value for taxation other than by school districts. School and non-school assessed value will differ in counties where the county or the city has adopted ordinances for assessing historic property used for commercial or non-profit purposes and high-water recharge property based on character or use. The 10% assessment increase limitation on the non-homestead property will also apply only for non-school purposes and further cause the assessed values for school and non-school purposes to be different |
School taxable value | The taxable value for school district taxation. School taxable value is based only on school-assessed value and does not include subtractions for the new additional homestead exemption or local option exemptions, which are applicable only to the county or municipality adopting the exemption |
Homesteadable market value | The just value of only the portion of the property that is considered a homestead. This is the same portion that is subject to the Save Our Homes assessed increase limitation. Blank for non-homesteaded properties. For properties that are entirely a homestead, this is the full Market Value. This value is before any freezing, reductions, or exemptions |
Working-waterfront value | Just Value of Property with Reduced Assessment Due to Working Waterfront. Represents the just value of only the portion of the property that has a reduced assessment due to working waterfront |
Building value | The portion of the just value attributed to the improvements of the property, the just value of new construction. Note: most counties do not have a model to correctly split the value into land and building, so this data item might not be reliable |
Land-value | The portion of the just value attributed to the land only, as determined by the County Property Appraiser. Most counties do not have a model to correctly divide the total value between Land and Building |