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appraisal practices. Therefore, the special master has established a revised just <br />value at $11,200,000, based on excluding the FF&E from the petitioner's valuation <br />of the real property as discussed above. <br />Althoughstated in the evidence submit by the petitioner that just value of the real <br />estate represents 85% of the value allocation attributed to the real estate, no <br />additional evidence was submitted to support the 85% reduction. Therefore, no <br />additional reduction.was been applied. As a result, the revised estimate of just <br />value, that was based on the evidence presented was established at $11,200,000. <br />Conclusions of law for petition 2020-00564 <br />Provisions of section 194.301, FS require that the just valuation standards of <br />section 193.011, FS, which includes the eight criteria, must be followed regardless <br />of whether the property was sold, the valuation approaches used, whether single <br />property appraisal techniques or mass appraisal techniques were used. Based on <br />the evidence submitted and accepted in to the record, the petitioner provided a <br />preponderance of evidence that the property appraiser's just value does not <br />represent just value' as a result of not fully considering the 51" criterion. <br />As part of an administrative review under Chapter 194 Part I and III, F.S., a revised <br />just value was established because the record contains competent substantial <br />evidence of just value, that meets the necessary criteria and supports the just value <br />.as of January 1. The establishment of the revised just value is authorized by law <br />under section 194.301 FS 'an&as a result, it has been applied in this administrative <br />review. The petitioner is granted partial relief. <br />-85- <br />