How is the value of stolen property determined in a Florida theft case?

Florida courts generally utilize the "fair market value" of the property at the time and place the offense occurred. This represents the price a willing buyer would pay a willing seller for the item in its current condition. If market value cannot be established, the court may consider the replacement cost. A knowledgeable defense attorney will often challenge inflated retail valuations to seek a reduction from a felony to a misdemeanor charge.