What is the difference between S.E.V. and taxable value?
S.E.V. stands for State Equalized Value, which is 50% of Market Value. Taxable Value is the value that you pay your taxes on (this came about when Proposal A was voted in by the taxpayers in 1993). Beginning in 1994 your S.E.V. was capped and could only increase yearly by the rate of inflation or 5%, whichever is less. If anything new is added to the property, 50% of the appraised value of this new item is added to your taxable value. Also if you just purchased your home, in the following year your taxable value will be uncapped, and your taxes will be based on S.E.V. In subsequent years you will be increasing by the taxable value rule.

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1. What is the difference between S.E.V. and taxable value?
2. Why are my neighbor's taxes less than mine when we have the exact same house?
3. I am not satisfied with the value placed on my home, I feel there has been a mistake made. What can I do?
4. How much will my taxes go up if I build a garage?
5. Should I call the office if I see an appraiser taking a picture of my house?