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Why are my taxes different from my neighbors when our houses are the same?

If you purchased your house in a different year than your neighbor, your taxable value would have been uncapped to the same as the SEV. ¬†Although you think your home is the same as your neighbors; there are many interior and exterior attributes that affect a property’s value such as lot size differences, year built, condition, finished basements, decks, number of bathrooms, etc.

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