My tax bills are calculated based on taxable value, what is taxable value?
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, unless there is a transfer of title. 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, unless there is an uncapable event.
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?
