Property Tax Definitions

Property Tax Definitions

Taxable Value:  the value your taxes are based.  Taxable value not to exceed SEV and can not go up more than the rate of inflation or 5% whichever is less.

True Cash Value TCV :  The actual value of your home, as determined by the local assessor.

State Equalized Value SEV:  50% of the actual value of your home.

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *