Utility Property Values Set for Fiscal Year 2014-15 by Brian Miller - City News Group, Inc.
View Upcoming Events View Your Local Sales

Community Calendar

JULY
S M T W T F S
28 29 30 01 02 03 04
05 06 07 08 09 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 01
View Events
Submit Events
directory

Utility Property Values Set for Fiscal Year 2014-15

By Brian Miller,
September 3, 2014 at 11:31am. Views: 158

Local governments will collect $1.075 billion in tax revenue in the upcoming fiscal year thanks to the California State Board of Equalization’s (BOE) assessment of privately owned public utilities and railroads. The values for these properties for Fiscal Year 2014-15 were set at $94.8 billion by the Board at its May 22, 2014 meeting in Sacramento. Total values are $3.4 billion more than the $91.4 billion adopted by the Board last year, and will generate approximately $40 million more in taxes for local governments than in the current fiscal year. Values were set for 409 companies with property in California. They include telephone (long distance, local, and wireless), gas and electric companies, railroads, and inter-county pipelines. While most properties are assessed by county officials, privately held public utilities are assessed by the BOE statewide. These properties are not subject to Proposition 13, and are reappraised annually at their market value. A “unitary value” includes improvements, personal property, and land. A unitary valuation applies to properties owned or used by public utilities and railroads which are considered necessary to their operation. The BOE determines the fair market value on January 1st of each year by considering market conditions, use of the property, income generated by the property, replacement costs, investments in the property, regulatory climate, depreciation, and other factors. The values set by the BOE are used by county governments to levy local property taxes, which help support county governments, cities, special districts, and schools. Penalties are assessed for late or incomplete filings, or failure to file with the BOE. More information on the BOE’s State-Assessed Properties Program is available at www.boe.ca.gov/proptaxes/sappcont.htm.

Related Articles

Photo Courtesy of: City News Group AI generated image

By William Cortez, Community Writer

May 6, 2026 at 01:50pm. Views: 244

Researchers examine food samples and data as part of a community nutrition and public health study.

Photo Courtesy of: BBOP Center

By Justus Baker-Postell, Community Writer

July 14, 2026 at 11:10am. Views: 250

Kalilah Hudson, founder of Clidelity, won first place and received nearly $10,000 in cash and in-kind business support at BBOP Center’s June Pitch Competition.

Photo Courtesy of: City News Group AI Generated Image

By Ruby Stephenson, Community Writer

July 8, 2026 at 07:59am. Views: 656

California ballot drop box symbolize the upcoming municipal election and opportunities for residents to participate in local government. The election provides an opportunity for community members to help guide decisions affecting neighborhood improvements, economic development, and city services for years to come.

Photo Courtesy of: City of Anaheim Storm Drain & Sewer Maintenance

By William Cortez, Community Writer

July 8, 2026 at 07:59am. Views: 582

Storm drain infrastructure helps manage rainwater and reduce flooding in residential neighborhoods. Recent planning efforts have focused on identifying long-term improvements that can better manage stormwater, reduce localized flooding, and support future development throughout the city.

Photo Courtesy of: City News Group AI Generated Image

By Stella Pierce, Community Writer

July 8, 2026 at 07:59am. Views: 623

Mom and daughter help cleanup their community. Residents regularly work alongside city staff, nonprofit organizations, and local businesses to support programs that improve parks, beautify public spaces, and bring neighbors together.

Photo Courtesy of: AI Generated Image Greated by ChatGPT

By Stella Pierce, Community Writer

July 8, 2026 at 08:00am. Views: 670

The iconic California Theatre glows in downtown San Bernardino as visitors arrive for an evening performance, highlighting the historic venue's continuing role as a centerpiece for arts, culture, and community events.

Photo Courtesy of: AI-generated by ChatGPT.

By William Cortez, Community Writer

July 8, 2026 at 08:00am. Views: 634

Volunteers of all ages work together in a San Bernardino community garden, planting fresh vegetables and flowers while promoting healthy living, environmental stewardship, and stronger neighborhood connections.

Photo Courtesy of: AI-generated by ChatGPT.

By William Cortez, Community Writer

July 8, 2026 at 08:00am. Views: 744

A classic Route 66 scene celebrates San Bernardino's place along the historic highway, where vintage Americana, local businesses, and community pride continue to welcome travelers from around the world.

Photo Courtesy of: TME Photography by Titan Mom Elvira

By Titan Mom Elvira, Community Writer

July 8, 2026 at 08:00am. Views: 731

Welcome to the celebration! Parade volunteers proudly welcomed the community to Moreno Valley's 4th of July Parade celebrating 250 Years of Freedom.

Photo Courtesy of: City News Group AI Generated Image

By Stella Pierce, Community Writer

July 8, 2026 at 08:00am. Views: 728

City crews and firefighters inspect vegetation management efforts designed to reduce wildfire risks around neighborhoods.

Photo Courtesy of: AI-generated by ChatGPT

By William Cortez, Community Writer

July 8, 2026 at 08:00am. Views: 844

Children and parents enjoy trampoline attractions, climbing areas, and interactive games inside a modern indoor family entertainment center.

Photo Courtesy of: AI-generated by ChatGPT

By Ruby Stephenson, Community Writer

July 8, 2026 at 08:00am. Views: 298

A family prepares emergency supplies and evacuation essentials as part of a wildfire readiness plan. Inland Empire wildfire, CAL FIRE, Riverside County Fire, San Bernardino County Fire, emergency preparedness, wildfire prevention, Inland Empire news, California fire season

--> -->