What is the capped value?
The taxable value can increase from year to year by 5.0% or the amount of the Consumer Price Index (CPI), whichever is less. Additions or losses to the property are also taken into consideration. The formula is the previous taxable value, minus losses, times 1.05% or the CPI, whichever is less, plus any additions equals the capped value.

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1. Why does the assessed value change from year to year?
2. Why do assessments go up when a property hasn’t changed?
3. What is taxable value?
4. What is the capped value?
5. If I am unhappy with the assessed value or taxable value, what can I do about it?
6. I will be out of town during the March Board of Review. How can I lodge an appeal?
7. What if I am not satisfied with the Board of Review decision on my appeal?
8. Am I allowed to view my appraisal records?