Just value
Black's Law Dictionary · Henry Campbell Black, M.A. · 1910
Black's Law Dictionary
In taxation, the fair, honest, and reasonable value of property, without exaggeration or depreciation; its actual market value.
State v. Smith, 158 Ind. 543. 63 N. E. 214, 03 L R. A. 116; Winnipiseogee Lake, etc., Co. v. Gilford, 67 N. H. 514, 35 Atl. 945.