Utility Property Values Set for Fiscal Year 2014-15 by Brian Miller - City News Group, Inc.

Community Calendar

◄ MARCH ►
S M T W T F S
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 02 03 04
View Events
Submit Events
directory

Utility Property Values Set for Fiscal Year 2014-15

By Brian Miller,
September 3, 2014 at 11:31am. Views: 86

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

Rancho Family Medical Group Strengthens Community Care With Moreno Valley Expansion
Photo Courtesy of: City of Moreno Valley

By Ruby Stephenson, Contributing Writer

March 17, 2026 at 05:26pm. Views: 640

A modern storefront shows Rancho Family Medical Group’s new clinic, with signs reading “Primary Care Coming Soon” above glass doors decorated with blue and white balloons. Rancho Family Medical Group’s newest clinic is at The District, on Hemlock Avenue.

Redlands East Valley HS Athlete of the Week: Brayden Dismang
Photo Courtesy of: TME Photography by Titan Mom Elvira

By Titan Mom Elvira, Community Writer

March 17, 2026 at 04:36pm. Views: 545

17 years old, Brayden Dismang this weeks Athlete of the Week for Redlands East Valley HS is already making a strong impression both in the classroom and on the baseball field. A Junior maintains an impressive 3.9 grade point average while balancing the demands of academics, athletics, and work.

GTHS Athlete of the Week: Lucas Palos
Photo Courtesy of: TME Photography by Titan Mom Elvira

By Titan Mom Elvira, Community Writer

March 17, 2026 at 04:08pm. Views: 592

Lucas Palos is 17 years old and currently a Senior at Grand Terrace High School. Lucas has earned Principal’s Honor Roll twice, helped lead his teams to league championships in both baseball and football, And is this weeks Athlete of the week.

FARSB STRENGTHENS COMMUNITY HEALTH THROUGH “FOOD AS MEDICINE” PARTNERSHIP
Photo Courtesy of: Feeding America® Riverside | San Bernardino (FARSB)

By Rachel Bonilla, Community Writer

March 17, 2026 at 05:04pm. Views: 947

FARSB, Anthem Blue Cross Foundation and Feeding America highlight how nutritious food supports better health during National Nutrition Month®

A US Town Where Residents Live Significantly Longer
Photo Courtesy of: Mayor Phill Dupper

By Eric Montgomery, Community Writer

March 17, 2026 at 05:05pm. Views: 807

Beautiful view of Loma Linda California.

Dog Park Closure Announced in Grand Terrace for Maintenance Work
Photo Courtesy of: Designed by Freepik

By Eric Montgomery, Community Writer

March 17, 2026 at 05:05pm. Views: 516

The Grand Terrace Dog Park will be closed from March 18, 2026, through April 22, 2026. During the closure period, residents are encouraged to seek alternative locations for outdoor pet activities.

You're Invited: Loveland Church Celebrates Easter Sunday
Photo Courtesy of: Carl M. Dameron

By Carl M. Dameron, Contributing Writer

March 17, 2026 at 05:05pm. Views: 556

Rev. Chuck Singleton, senior pastor at Loveland Church, at the Third Annual Reparations Summit held at Loveland Church.  Easter service at Loveland Church is called “Celebrate the Light Of The World!” in Fontana, Santa Monica, and Victorville, and will be on Sunday, April 5. 6:00 am Sonrise service, 7:30 am, and 10:30 am, live at LovelandChurch.org.

Moreno Valley Dealership Hits the Gas on Growth with Major Service Center Expansion
Photo Courtesy of: City of Moreno Valley

By Brian Mohan, Community Writer

March 17, 2026 at 05:05pm. Views: 758

On Thursday, March 12, Mayor Cabrera and members of the City Council attended a ribbon-cutting ceremony at Car Pros Kia Moreno Valley, which completed a $2.25 million expansion of its service center doubling its service capacity and further strengthening the dealership’s role as one of the top-performing Kia retailers in the nation.

Hot Weather Ahead: Safety Tips
Photo Courtesy of: Designed by Freepik

By San Bernardino County, Community Writer

March 17, 2026 at 05:05pm. Views: 540

A woman stands in the kitchen smiling, while she holds a glass of water.

6 People Hospitalized After Disastrous Single-Vehicle Crash on State Route 60 and Nason Street
Photo Courtesy of: ONSCENE.TV

By Eric Montgomery, Community Writer

March 17, 2026 at 05:05pm. Views: 342

At approximately 10:15pm on March 8th, 2026, California Highway Patrol officers and Cal Fire Riverside County crews responded to a reported solo vehicle rollover crash on eastbound State Route 60 east of Nason Street in Moreno Valley.

4th Grader Becomes Dual Enrolled College Student at San Bernardino Valley College
Photo Courtesy of: KTLA5

By Eric Montgomery, Community Writer

March 17, 2026 at 05:05pm. Views: 429

Honey Cooper is pictured reading at Kimbark Elementary School in San Bernardino, California.

OSRX, Inc. Announces Sponsorship of Rising Inland Empire Motorsports Prodigy Truly Adams
Photo Courtesy of: Truly Adams

By Justus Baker-Postell, Community Writer

March 17, 2026 at 05:05pm. Views: 544

Truly "The Truth" Adams official sponsorship annoucement with OSRX.

--> -->