Frequently Asked Questions - Assessor
What does the term "Taxable Value" mean?
Taxable Value is the amount on which your property taxes are levied. Taxable Value increases each year by an amount equal to the Inflation Rate, unless you have made physical changes to your property (such as tearing down a garage, or adding a deck), or you purchased your property in the prior year. If you purchased your home last year, your Taxable Value will be the same as your Assessed Value this year.
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