Current Weather: 67Degrees Fahrenheit

Assessing FAQ

Glossary of Terms

Capped Value (CAP)

Last year's taxable value, less losses, increased by the amount of the Consumer Price Index (CPI) or 5 percent, whichever is lower, plus the value of new construction.

Consumer Price Index (CPI)

Determined by the US Bureau of Labor Statistics.
Assessed Value (AV): Half of the True Cash Value

State Equalized Value (SEV)

County and State Equalization studies are performed after the local municipalities have finalized their assessment rolls which results in a factor applied to the assessed values. Historically, for Auburn Hills, this factor has been 1.000 which means that the SEV and the Assessed Values have been the same.

Taxable Value (TV)

The lesser of the SEV and the CAPPED Value. Property taxes are determined by multiplying the taxable value by the millage rate.

FAQ