Value signals in the brain are important for learning, decision-making, and orienting behavior toward relevant goals. Although they can play different roles in behavior and cognition, value representations are often considered to be uniform and static signals. Nonetheless, contextual and mixed representations of value have been widely reported. Here, we review the evidence for heterogeneity in value coding and dynamics in the orbitofrontal cortex. We argue that this diversity plays a key role in the representation of value itself and allows neurons to integrate value with other behaviorally relevant information. We also discuss modeling approaches that can dissociate potential functions of heterogeneous value codes and provide further insight into its importance in behavior and cognition. (PsycInfo Database Record (c) 2021 APA, all rights reserved).