News Release

Contact: Office of Public Affairs
For Immediate Release
May 26, 2015
NR 47-15-G

Board to Set Utility Property Values for 2015-16

Sacramento – The California State Board of Equalization (BOE) will consider adoption of values of state-assessed properties, in addition to hearing personal, franchise, and corporate income taxes during its monthly meeting May 27-28 at 450 N Street in Sacramento.

Each year, the Board sets the value on state-assessed properties, which primarily consist of privately-owned public utilities and railroads, to determine their property tax owed. The county governments where these properties are located are the beneficiaries of this tax revenue. For Fiscal Year 2014-15, local governments received approximately $1.075 billion.

The Board is also hosting its annual Taxpayers’ Bill of Rights Hearings. Californians will have the opportunity to address the Board with concerns about business and property taxes in the state. These hearings are set for May 27, at approximately 1:30 p.m.

The five-member California State Board of Equalization (BOE) is a publicly elected tax board that serves a significant role in the assessment and administration of property taxes.

Note: This news release may discuss complex tax laws and concepts. It may not address every situation, and is not considered written advice under Revenue and Taxation Code section 6596. Changes in law or regulations may have occurred since the time this news release was written. If there is a conflict between the text of this news release and the law, decisions will be based upon the law and not this news release. For specific help, please contact the BOE at 1-800-400-7115.