Calculating the taxable value required eight steps to be sure the taxable value is legal and correct:
- Determine taxability
- Identify the owner
- Describe the property accurately
- Determine the "situs" (location of the property)
- Value the property
- Determine assessed value (50% of true cash value)
- Determine capped value (Proposal A)
- Determine taxable value (Proposal A)
Taxable Value Calculation
Calculating the taxable value requires eight steps to be sure the taxable value is legal and correct:
- Determine taxability
- Identify the owner
- Describe the property accurately
- Determine the "situs" (location of the property
- Value the property
- Determine assessed value (50% of true cash value)
- Determine capped value (Proposal A)
- Determine taxable value (Proposal A)
Taxable Value Calculation
Calculating the taxable value requires eight steps to be sure the taxable value is legal and correct:
- Determine taxability
- Identify the owner
- Describe the property accurately
- Determine the "situs" (location of the property
- Value the property
- Determine assessed value (50% of true cash value)
- Determine capped value (Proposal A)
- Determine taxable value (ProposalCalcul