Will my taxes ever go down?
If a property’s value decreases each year, the SEV will eventually meet the taxable value. The taxable value cannot exceed the SEV. When this happens, decreases in SEV will cause decreases in taxable value, which will then lower your property tax liability. Due to the gap between the SEV and taxable value figures, it would take several years of depressed market conditions to make the SEV and taxable value equal. If you happen to be a property owner who purchased a property in the last few years and you have decreasing property value, the SEV and taxable value figures could meet sooner than someone who has owned the property for a long period of time.

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1. When are my taxes due?
2. Does Canton accept credit cards for tax payments?
3. I need a copy of a paid receipt. Where can I get one?
4. Who receives the funds from my tax bill?
5. What do the terms "Assessed Value," "State Equalized Value" and "Taxable Value" mean on my Notice of Assessment?
6. How does the assessor determine my assessed value?
7. What determines the taxable value?
8. Property values in my neighborhood have been decreasing. Will my property valuation be decreasing as well?
9. Does that mean I’ll pay more property taxes instead of less?
10. Why won’t my taxes decrease if my property value is going down?
11. Will my taxes ever go down?
12. What are some of the disadvantages about the Proposal A legislation?
13. What is a principal residence exemption?
14. Can I contest my assessed value and taxable value?
15. How can I estimate my taxes from the assessment change notice?