My tax bills are calculated based on taxable value instead of state equalized value. What is a taxable value?
Taxable values began in 1995 as part of Proposal A. Since then taxable values have been 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. Back to top.
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, what is taxable value?
