My tax bills are calculated based on taxable value instead of state equalized value. What does taxable value mean to me?
Taxable values began in 1995 as part of Proposal A. Taxable values are adjusted each year by the Consumer Price Index (CPI) or 5% whichever is less until property title transfers. Your taxable value cannot be greater than your state equalized value. In other words, Proposal A “capped” taxable value increases by the CPI or 5%, whichever is less.
Taxable value began in 1995 as part of Proposal A. Taxable values are adjusted each year by the Consumer Price Index (CPI) or 5% whichever is less until property title transfers. Your taxable value cannot be greater than your state equalized value. In other words, Proposal A “capped” taxable value increases by the CPI or 5%, whichever is less.
Related Questions
- My tax bills are calculated based on taxable value instead of state equalized value. What does taxable value mean to me?
- y tax bills are calculated based on taxable value instead of state equalized value. What does taxable value mean to me?
- My tax bills are calculated based on taxable value instead of state equalized value. What is a taxable value?
