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- Proposal A, Taxable Value, Declining Real Estate
- SEV & Taxable Value Chart
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Year | Year 1 - 5 |
Year 6 - 9 |
Year 10 - 11 |
---|---|---|---|
Inflation | 3% | 2% | 2% |
House Market Increases |
8% | -1% | -5% |
Year | SEV | Taxable Value |
Comments |
---|---|---|---|
1 | 100,000 | 100,000 | SEV going up just as the market does, Taxable Value capped at inflated rate. |
2 | 108,000 | 103,000 | |
3 | 116,640 | 106,090 | |
4 | 125,971 | 109,272 | |
5 | 136,049 | 112,550 | |
6 | 134,689 | 114,801 | SEV going down, Taxable Value still increasing per inflation rate. |
7 | 133,342 | 117,097 | |
8 | 132,009 | 119,438 | |
9 | 130,690 | 121,826 | |
10 (Uncapped) |
124,156 | 124,156 | House Sold in Year 9. |
11 | 117,948 | 117,948 | Taxable Value goes down because it cannot be higher than the SEV. |