Definitions for "Taxable Value"
For real property subject to Article XIII A, the base year full value adjusted for inflation for any given lien date as required by law, or the full cash value for the same lien date, whichever is less.
The assessed value of your property as determined by the Property Appraiser and all exemptions for which you have qualified.
For personal property, the full cash value (market value) on the lien date each year.