OPINION ON APPELLANT’S PETITION FOR DISCRETIONARY REVIEW
McCORMICK, Judge.Appellant was convicted of two counts of theft over $200.00. Punishment was assessed at four years’ on each count, probated. The Texarkana Court of Appeals affirmed appellant’s conviction in an unpublished opinion. Sullivan v. State, No. 6-83-091-CR, delivered April 10, 1984 (Tex.App.—Texarkana 1984). In its opinion the court relied on the rule that an owner of personal property may testify to the property’s market value even though he does not qualify as an expert. We granted appellant’s petition for discretionary review to examine that rule as applied to this case and specifically the Court of Appeals' holding that the testimony of the owner was sufficient to prove the market value of the stolen property, a gun.
The second count of the indictment alleged that appellant:
“did unlawfully, knowingly and intentionally appropriate property, other than real property, to-wit: one 30-30 lever action rifle of the value of more than two hundred dollars and less than ten thousand dollars by exercising control over said property without the effective consent of David Lindsey, the owner of the property, and with intent to deprive said owner of said property.”
V.T.C.A., Penal Code, Section 31.08(a) in pertinent part defines value in theft prosecutions as follows:
“(a) Subject to the additional criteria of Subsections (b) and (c) of this section, value under this chapter is:
(1) the fair market value of the property or service at the time and place of the offense; or
(2) if the fair market value of the property cannot be ascertained, the cost of replacing the property within a reasonable time after the theft.
“(c) If property or service has value that cannot be reasonably ascertained by the criteria set forth in Subsections (a) and (b) of this section, the property or service is deemed to have a value of more than $20 but less than $200.”
At trial the owner of the gun, David Lindsey, testified that a 30-30 Winchester rifle and a Model 1100, Remington automatic shotgun were stolen from his home. When the prosecutor asked Lindsey to *907state the value of the 30-30, the following occurred:
“Q. At the time of this theft, do you have an idea about what the value of this gun was?
“MR. BUCKLEY: Your Honor, I am going to object to his testifying about values until it is established ...
“JUDGE CARTER: Sustained.
“Q. Do you collect guns, Mr. Lindsey?
“A. No, sir.
“Q. Do you have opportunity to look at guns very often, or check prices or do you shop them?
“A. Oh, sometimes.
“Q. Would that ... do you think you have an idea of the current market prices around that time of guns of this nature?
“A. Well, just a plain 30-30 Winchester
“Q. Without saying ... is this gun unusual?
“A. Yes.
“Q. Okay, why?
“Q. It is the only one like it that I have ever seen.
“Q. Alright, is it a special edition gun?
“A. Yes.
“Q. Because of its special nature, did you inquire during the time period that you owned this gun, particularly right around August and September, ’82, what the current price of that gun might have been?
“A. No.
“Q. Okay, so you don’t have any idea what the price of the gun would have been about the time it was stolen?
“A. Well, no.”
After further direct examination and cross-examination, a short recess was taken. Thereafter the witness was called back to the stand by the State. Then the following occurred:
“Q. Mr. Lindsey, I would like to direct your attention to State’s Exhibit No. 2, being the rifle that I showed you a little bit earlier, you said that is your property, is that correct?
“A. Yes.
“Q. You purchased it yourself?
“A. Yes.
“Q. As the owner of that property, do you have an opinion as to the value of that gun on the date it was stolen?
“MR. BUCKLEY: Your Honor, again his personal opinion on the date the gun was stolen is not the market value, and I object to it.
“JUDGE CARTER: I will overrule ... as the owner of the gun, he is entitled to state an opinion. Overruled.
“MR. MALABY: (Continuing)
“Q. Back in August or September of ’82.
“JUDGE CARTER: As to market value.
“MR. MALABY: (Continuing)
“Q. As the owner of that gun, do you have an idea as to what the market value of that gun was?
“A. Since it has been fired and used, I would say Five Hundred Dollars ($500.00).
On cross-examination the following exchange then took place:
“Q. That’s why you placed it so high?
“A. Yes.
“Q. Because you just don’t want to sell it?
“A. It’s worth Five Hundred Dollars ($500.00) at least.” (Emphasis added).
At this point, appellant’s attorney objected to this statement stating, “The value has to be between a willing seller and a willing buyer.” The judge overruled the objection. Following the judge’s ruling, appellant’s attorney continued with the following:
“Q. So when you testified this is what you’d take for it, that’s what you’re saying, that’s what I’d take for it?
“A. Yes.
“Q. That’s not any comparison with market value? You don’t know what this thing sells for out in the street ... you don’t know what it sold for back in September?
“A. No.”
At the close of the State’s case the appellant moved for a directed verdict because the State had failed to produce evidence as *908to the value of the gun other than the owner’s opinion. Appellant’s motion was denied. At the conclusion of the guilt innocence phase of the trial, appellant requested that the court instruct the jury.
“That if the fair market value of the property at the time and place of the offense cannot be reasonably ascertained the property is deemed to have a value of more than Twenty Dollars ($20) but less than Two Hundred Dollars (200).”
The court refused this instruction.
Appellant argues in his petition that Lindsey testified only as to the price he would ask if selling his gun, not the actual market value. Therefore there was no testimony as to the market value of the gun and his motion for directed verdict should have been granted or in the alternative the judge should have given his requested charge to the jury.
Appellant’s argument raises an important consideration with regard to the proof of market value in theft cases: what standard constitutes a valid measure of “value” sufficient to establish jurisdiction in theft cases. V.T.C.A., Penal Code, Section 31.03. Appellant urges that value must be established either as the fair market value of the property at the time and place of its taking, or the purchase price of the property paid by the owner. The State has no apparent quarrel with this standard and only urges this Court to accept the proposition that the owner clearly testified as to the fair market value of the weapon in question.
It has long been the rule in this State that the owner of property is competent to testify as to the value of his own property. Brown v. State, 640 S.W.2d 275 (Tex.Cr.App.1982); Davila v. State, 547 S.W.2d 606 (Tex.Cr.App.1977); Trammell v. State, 511 S.W.2d 951 (Tex.Cr.App.1974); Nitcholas v. State, 524 S.W.2d 689 (Tex.Cr.App.1975); Coronado v. State, 508 S.W.2d 373 (Tex.Cr.App.1974). This rule applies both in criminal theft cases and in cases which involve only civil issues. Barstow v. Jackson, 429 S.W.2d 536 (Tex.1968).
Prior to the enactment of Section 31.08 of our present penal code, there were no statutory standards for determining the value of stolen property. The case law, however, shows that this Court had traditionally utilized fair market value, or alternatively replacement cost as a means of establishing value. Turner v. State, 486 S.W.2d 797 (Tex.Cr.App.1972); De La O v. State, 373 S.W.2d 501 (Tex.Cr.App.1963); Senters v. State, 163 Tex.Cr.R. 423, 291 S.W.2d 739 (1956). The effect of enacting Section 31.08 was to codify a standard for establishing value which had become law in our jurisdiction by virtue of stare decisis. See also, V.T.C.A., Penal Code, Section 31.-08, Practice Commentary. For this reason, case law decided prior to the implementation of the present penal code is relevant and persuasive authority on this subject.
It is settled that when the State seeks to establish the value of an item of property through the testimony of a non-owner the witness must first be qualified as having personal knowledge of the value of the property. Furthermore, to establish sufficient evidence of value the State must elicit testimony as to the fair market value of the property in question. See McCormick and Ray, Texas Law of Evidence, Section 1422 (1980); Davila v. State, supra; Trammell v. State, supra; Turner v. State, supra; Nitcholas v. State, supra.
We have held, however, that while fair market value must be established if the testimony concerning value is given by someone other than the owner, the owner is competent to testify as to value though he is not qualified as an expert on the value of the property. Davila v. State, supra. Indeed, in the case of Israel v. State, 158 Tex.Cr.R. 549, 258 S.W.2d 82 (1953), we held the owner’s testimony that “to the best of my knowledge the car was valued at $575.00,” was sufficient evidence to establish value. In the case of Turner v. State, supra, this Court held the evidence was sufficient to establish value when the owner testified that the property in question “was worth” a given amount and that they “would not take less than” a given amount for the property. Turner v. State, supra, at 799. See also, Nitcholas v. Slate, at 691.
*909Additionally, this Court has implicitly approved 1 the resolution of this issue which appears in Houston v. State, 636 S.W.2d 7 (Tex.App.—Corpus Christi, 1982), on remand from Court of Criminal Appeals, 652 S.W.2d 472 (Tex.App.—Corpus Christi 1983). In that case, the Corpus Christi Court of Appeals held:
“... For an opinion of the worth of property by someone other than the owner, the prerequisite to admissibility is knowledge of the fair market value.... ” (Emphasis added).
We also find that the case of Coronado v. State, supra, is very nearly on point with the case before us. vln Coronado, the defendant alleged that the evidence was insufficient to show the value of several stolen tools and a tool box. The owner of the property testified that he assessed the value of the tools at approximately one half of the purchase price. We held that this testimony, though in no way purported to be the “fair market value” of the tools, was sufficient to allow a rational trier of fact to assess the value of the property. Coronado v. State, supra, at 374.
Finally, in Trammel v. State, supra, the complainant testified to the effect that “you couldn’t buy it [the property in question] for less than fifty.” She then testified to the purchase price of the property. We held that:
“... Though she never stated that the case market value of the television set was $50.00 in clear and precise language, her testimony was obviously meant to convey that idea and must have been so understood by the jury and appellant....” 511 S.W.2d at 954.
We find the holdings in the cases cited above to be controlling, especially when read together.
Thus, there seems to be two corollaries to the rule regarding proof of value. When the proof of value is given by a non-owner, the non-owner must be qualified as to his knowledge of the value of the property and must give testimony explicitly as to the fair market value or replacement value of the property.
However, when the owner of the property is testifying as to the value of the property, he or she may testify as to his or her opinion or estimate of the value of the property in general and commonly understood terms. Testimony of this nature is an offer of the witness’ best knowledge of the value of his property. Such testimony will constitute sufficient evidence for the trier of fact to make a determination as to value based on the witness’ credibility. This is true even in the absence of a specific statement as to “market value” or “replacement value.”
When an owner testifies, the presumption must be, as the rule in Trammell states, that the owner is testifying to an estimation of the fair market value. Certainly the owner may reasonably be understood to be testifying as to the fair market value of the property either in terms of the purchase price or the cost to him of replacing the stolen property. To hold otherwise would be to make the wholly unwarranted presumption that the owner is basing his estimate on sentimental value. This is a presumption this Court will not entertain for obvious reasons.
If the appellant wishes to rebut the owner’s opinion evidence he must do more than merely impeach the witness’ credibility during cross-examination. He must offer controverting evidence as to the value of the property.
*910In the instant case, the owner clearly testified that the value of the gun was $500.00. Viewing the evidence in the light most favorable to the verdict, as we must, we find the evidence is sufficient to show that the market value of the stolen gun was over the jurisdictional amount of $200.00.
Accordingly, the judgments of the Court of Appeals and the trial court are affirmed.
CLINTON, J., dissents.. On original submission the judgment in the Houston case was reversed by the Corpus Christi Court of Appeals. The court reasoned that the evidence indeed was insufficient to show the value of the property to be within the jurisdictional amount alleged by the State. The court ordered the judgment to be reformed to reflect an acquittal. The State petitioned this Court for discretionary review. We agreed to review the case and subsequently remanded the cause to the Corpus Christi court indicating that the case was wrongly decided and that an acquittal should not have been entered. See Houston v. State, 640 S.W.2d 605 (Tex.Cr.App.1982). Our reasons for holding as we did in no way detract from the accuracy of the court’s statement quoted above.