The inflation rate, expressed as a multiplier, to be used in the 2010 Capped Value formula is .997.  Therefore, taxable value on property will generally decrease unless taxable additons have been made.  The 2010 Capped Value Formula is as follows: 

2010CAPPED VALUE = (2009 TAXABLE VALUE-LOSSES) X .997 + ADDITIONS.

The inflation rate, expressed as a multiplier, to be used in the 2010 Capped Value formula is .997.  Therefore, taxable value on property will generally decrease unless taxable additons have been made.  The 2010 Capped Value Formula is as follows: 

2010CAPPED VALUE = (2009 TAXABLE VALUE-LOSSES) X .997 + ADDITIONS.