{"id":201030,"date":"2026-04-23T14:52:47","date_gmt":"2026-04-23T21:52:47","guid":{"rendered":"https:\/\/new.thepinetree.net\/?p=201030"},"modified":"2026-04-23T14:52:47","modified_gmt":"2026-04-23T21:52:47","slug":"californias-assessed-property-value-reaches-9-1-trillion-delivering-100-billion-in-property-tax-revenues-to-schools-and-local-government","status":"publish","type":"post","link":"https:\/\/new.thepinetree.net\/?p=201030","title":{"rendered":"California\u2019s Assessed Property Value Reaches $9.1 Trillion \u2014 Delivering $100 Billion in Property Tax Revenues to Schools and Local Government"},"content":{"rendered":"

Sacramento, CA…The California State Board of Equalization (BOE) has released its 2024-25 Annual Report<\/a><\/em>\u00a0for the fiscal year (FY) that ended on June 30, 2025. The net statewide assessed property value for the January 1, 2025, lien date is reported at\u00a0$9.1 trillion<\/strong>\u00a0(+4.6% from the FY 2023-24 lien date), including approximately $9.0 trillion in county-assessed properties and $165 billion from state-assessed properties.<\/p>\n

\"\"<\/a><\/p>\n

For county-assessed properties (mainly residential and commercial), the state\u2019s\u00a058 County Assessors<\/a>\u00a0determined total local property tax revenues of approximately $97.2 billion after establishing values for over 13 million assessments. This is an additional $4.5 billion, or a 4.9% increase from FY 2023-24.<\/p>\n

For state-assessed properties, schools and local communities statewide will receive approximately $2.8 billion in revenue (+7.7% from FY 2023-24) from the $165 billion directly assessed by the BOE. This was a $12.3 billion increase over 2024 lien year values. State-assessed properties include telephone, gas, and electric companies; independent power producers; regulated railroads; and intercounty pipelines directly assessed by the BOE.<\/p>\n

Altogether, FY 2024-25 property tax revenues are contributing\u00a0$53.5 billion to schools<\/strong>\u00a0and\u00a0$46.5 billion to counties, cities, and special districts<\/strong>.<\/p>\n

\u201cBehind these numbers are the schools that educate our children and the local services that keep our communities safe and strong. From classrooms to fire protection and law enforcement, property tax revenues help ensure California communities receive the vital funding they depend on. The Board of Equalization works to ensure assessments are fair and consistent statewide.\u201d<\/p>\n

BOE Chair Sally J. Lieber (2nd<\/sup>\u00a0District)<\/strong><\/p>\n

Where County Property Tax Dollars Go<\/h2>\n

All Californians benefit from property tax revenues. Property tax is allocated among local governments, with schools getting more than half the revenues.<\/p>\n

This year’s report includes statewide maps that illustrate total FY 2024-25 net-assessed property values and the average property tax rates for all of California\u2019s 58 counties. The report also has the total value of qualifying property tax exemptions and more statewide property tax data.<\/p>\n

Other Programs Supporting California<\/h2>\n

The BOE is also responsible for administering the\u00a0Alcoholic Beverage Tax Program<\/a>, which produced $415 million in FY 2024-25, and co-administering the\u00a0Tax on Insurers Program<\/a>, which added $3.5 billion to the state. With the addition of $12 million collected in\u00a0Private Railroad Car Tax<\/a>, BOE helped contribute $3.9 billion to the General Fund in FY 2024-25.<\/p>\n

Revenue Summary<\/h2>\n

In total, programs administered and overseen by the BOE contributed $103.9 billion to state and local government.<\/p>\n

\n

\n

Past annual reports<\/a>\u00a0and additional information can be found on the\u00a0BOE website<\/a>.<\/p>\n

\n

The California State Board of Equalization (BOE) is the nation\u2019s only elected tax board. It includes four elected Board Members who represent\u00a0equalization districts<\/a>\u00a0and the\u00a0State Controller<\/a>. Since 1879, the BOE has carried out its constitutional and statutory duties to support fair and equitable property tax administration in California. The BOE oversees the work of the state\u2019s\u00a058 County Assessors<\/a>\u00a0to help ensure assessment practices are uniform statewide. The BOE also directly assesses the property of regulated railroads and certain public utilities. In addition, the BOE collects the\u00a0Private Railroad Car Tax<\/a>, and administers the\u00a0Alcoholic Beverage Tax<\/a>\u00a0and\u00a0Tax on Insurers<\/a>\u00a0programs. BOE’s critical role in California\u2019s property tax system helps protect the tax revenues that schools, local communities, and the State depend on every day.<\/p>\n

\n\n\n\n\n
BOARD MEMBERS<\/td>\n<\/tr>\n
Ted Gaines<\/strong><\/a><\/p>\n

First District<\/p>\n

Sacramento<\/td>\n

Sally J. Lieber<\/a><\/strong><\/p>\n

Second District<\/p>\n

San Francisco<\/td>\n

Antonio Vazquez<\/strong><\/a><\/p>\n

Third District<\/p>\n

Santa Monica<\/td>\n

Mike Schaefer<\/strong><\/a><\/p>\n

Fourth District<\/p>\n

San Diego<\/td>\n

Malia M. Cohen<\/strong><\/a><\/p>\n

State Controller<\/td>\n

Yvette M. Stowers<\/strong><\/p>\n

Executive Director<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\n","protected":false},"excerpt":{"rendered":"

Sacramento, CA…The California State Board of Equalization (BOE) has released its 2024-25 Annual Report\u00a0for the fiscal year (FY) that ended on June 30, 2025. The net statewide assessed property value for the January 1, 2025, lien date is reported at\u00a0$9.1 trillion\u00a0(+4.6% from the FY 2023-24 lien date), including approximately $9.0 trillion in county-assessed properties and […]<\/p>\n","protected":false},"author":1,"featured_media":201031,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_cbd_carousel_blocks":"[]","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,20,5,1],"tags":[],"class_list":["post-201030","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-featured","category-government","category-news","last_archivepost"],"jetpack_featured_media_url":"https:\/\/new.thepinetree.net\/wp-content\/uploads\/2026\/04\/image003.png","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/201030","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=201030"}],"version-history":[{"count":1,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/201030\/revisions"}],"predecessor-version":[{"id":201032,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/201030\/revisions\/201032"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/media\/201031"}],"wp:attachment":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=201030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=201030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=201030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}