Understanding the 3 Values used in Assessing?

True Cash Value (TCV) ………………………………  The market value of your home. 

State Equalized Value( SEV)………………………… Half of the true cash value. (a.k.a. Assessed Value)

Taxable Value (TV) …………………………………… The value used to calculate your property taxes 

Show All Answers

1. What are the Assessment Department responsibilities?
2. What is market value?
3. How are properties appraised?
4. Why does the assessed value change from year to year?
5. What is capped value?
6. Why do assessments go up when a property hasn't changed?
7. How do you determine your tax bill?
8. What are your rights and responsibilities?
9. What is capped value?
10. Understanding the 3 Values used in Assessing?