How can my taxable value increase when my assessment stays the same or decreases?
Proposal A was intended to limit the increase in taxable value by the Consumer Price Index (excluding physical changes) until ownership of the property transferred. The taxable value is capped each year by the CPI or 5%, whichever is lower. Since implementation of Proposal A the CPI has not exceeded the 5% maximum. As long as the assessed value is higher than the taxable value changes to the taxable value by the CPI will occur. In the past, assessments have decreased yet taxable values increased until the point that the assessed value and the taxable value are equal. The taxable value cannot be higher than the assessed value.

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1. How do I read my Assessment Notice?
2. Where can I find information about a piece of property?
3. What do the terms assessed value, state equalized value, and taxable value mean?
4. How does the assessor determine my assessed value?
5. I just bought my property. Why isn’t my assessment exactly half of the sale price?
6. Why doesn’t my assessment appear to reflect current market conditions?
7. How can my taxable value increase when my assessment stays the same or decreases?
8. What is a Principal Residence Exemption?
9. What is personal property?
10. Where and when do I file a personal property statement?
11. What if I don’t file a personal property statement?
12. What type of information do I include on the personal property statement?
13. What if some of my equipment is used equipment?
14. My accountant has fully expended some items of personal property. Do I report it?
15. What if I move or close my business during the year?