What is Taxable Value?

The Taxable Value is the lower of the State Equalized Value or the capped value. The taxable value is then multiplied by the millage rate to produces the amount of tax dollars. The taxable value was created upon the passage of Proposal A, by the electorate in 1994.

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1. What is Taxable Value?
2. What is State Equalized Value (SEV)?
3. What is the Assessed Value?
4. What is the County Equalized Value?
5. Am I allowed to view my appraisal records?
6. How do I get an appointment with the Board of Review?
7. What if I am not satisfied with the Board of Review decision on my appeal?
8. What is the Capped Value?
9. What if I am unhappy with the assessed value or taxable value on my property, what can I do about it?
10. What if I’m out of town during the March Board of Review, how can I lodge an appeal?
11. When are the assessed values for each parcel determined?
12. What authority does the Township have in order to place a value on my property for property tax purposes?