What is Taxable Value?

Taxable Value (TV) is the value upon which property taxes are based. TV is the Lesser of State Equalized Value (SEV) or Capped Value (CV). TV in the year following a transfer of ownership (sale, gift inheritance, etc.) is equal to the SEV.

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1. What is the role of the Assessor?
2. How is your property value estimated?
3. What causes property values to change?
4. What is the 20% parcel review?
5. What is a State Equalized Value?
6. What is Capped Value?
7. What is Taxable Value?
8. Why isn't my new assessment 50% of my purchase price?
9. Sales prices are going down in my neighborhood, why hasn't my assessment gone down?
10. When can I appeal my assessment?
11. What happens if I'm not happy with the decision of the March Board of Review?
12. How do I qualify for the Principal Residence Exemption?