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My assessed value didnt change or went down, but my taxable value went up. Why?

April 26, 2017assessed didnt taxable value

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My assessed value didnt change or went down, but my taxable value went up. Why?

1 Answer

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Posted

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