What is State Equalized Value?
Categories:
Finance Department
Property Assessments/Taxes
After all appeals are heard, the March Board of Review confirms the assessment roll. That roll is then subject to review by the county and state. Following those reviews State Equalized Value (SEV) is set. SEV is then considered to be 50% of Market Value or True Cash Value as determined on Tax Day.
Updated 5/27/2015 2:58 PM