What do the different values mean on my tax statement and property records summary?
On specially assessed property we not only maintain the two basic values (RMV and AV, as explained above), but we are also required to record the SAV (Specially Assessed Value) and the MSAV (Maximum Specially Assessed Value) for each land segment that is specially assessed. The SAV is determined by a “capitalization of income approach” for each soil productivity type based on studies of farmland rents. The MSAV is based on applying the Measure 50 rules to the SAV from 1995 (see AV as explained above). The tax assessed value of specially assessed land is the lesser of SAV or MSAV. On the “Property Records” page (as accessed from this site’s home page), only the RMV is shown for land and improvements. For land, this is the total RMV of all land components – homesites, onsite developments (well, septic, other utilities, landscaping), specially assessed land, and non-specially assessed land. The values are shown differently on the tax statement: Land-RMV is only for land not receiving spec