What is the “taxable value” of my property?

In California, the taxable value of property is the assessed value of the property minus any tax exemptions that could be applied. This assessed value is the basis of determining the property tax that you owe. The assessed value is determined by the Assessor’s Office and is based on the property’s current market value. This value is then reduced by any exemptions you may qualify for, such as homeowners’ exemptions, veterans’ exemptions, or other special exemptions. The amount left after these exemptions is the taxable value of your property. To find out the taxable value of your property, the Assessor’s Office should be contacted. This office should be able to provide you with the assessed value of your property and any applicable exemptions. From this information, the taxable value of your property can be determined. It is important to note that the taxable value of your property can change from year to year, so it is important to check with the Assessor’s Office each year to make sure that the taxable value is accurate.

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What is the “taxable value” of my property?

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