Abstract: A non-rise faucet assembly including a body 12 having a bore 14 therethrough. The bore includes a fluid inlet end 16, a valve stem chamber 17, a valve seat 19 and a fluid outlet 22. A valve stem 29 is rotatably mounted in the bore with a valve means 33 in engagement with the valve seat. The degree of rotation of the valve stem is controlled by a valve stem rotation restricting means 43 to define the fluid flow open and closed positions of the valve. A locator cap 51 is provided having a first abutment means 52 in axial thrust transmitting engagement with the valve stem and a second abutment means 53 in engagement with said body for limiting the amount of axial thrust transmitted to the valve stem by the first abutment means 52 to a predetermined optimum amount. A retaining means 76 is releasably secured to the body 12 to apply axial thrust to the first abutment means.