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My assessed value didnt change, but my taxable value increased. Why?

April 26, 2017assessed didnt increased taxable value

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My assessed value didnt change, but my taxable value increased. Why?

2 Answers

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The current sales information for your neighborhood may show no value increase over last years value. However, the taxable value is tied to the Consumer Price Index and is calculated annually causing an increase in your taxable value.

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Posted

The current sales information for your neighborhood may show no value increase over last years value. However, the taxable value is tied to the Consumer Price Index and calculated annually causing an increase in your taxable value.