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Local governments will collect an estimated $947.3 million in revenue (including penalties) over the next fiscal year based on these values. The values were set at Tuesday's board meeting in Sacramento.
Total values were up $5.1 billion over those adopted by the board last year, and will generate approximately $63.5 million in taxes for local governments than in the current fiscal year.
Values were set for 413 companies with property in California. They include telephone (long distance, local, and wireless), gas and electric companies, railroads and intercounty 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 and considered necessary to their operation.
The BOE determines the fair market value as of January 1st of each year by considering market conditions, use of the property, income generated by the property, replacement costs, and 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.
For more information on the BOE’s State Assessed Properties Program, visit www.boe.ca.gov/proptaxes/sappcont.htm.
Yee was elected to her post in November 2006. Her district includes many of California's coastal counties, from Del Norte to Santa Barbara, and includes the entire San Francisco Bay Area.
The five-member California State Board of Equalization (BOE) is a publicly elected tax board.
The BOE collects more than $48 billion annually in taxes and fees supporting state and local government services.
It hears business tax appeals, acts as the appellate body for franchise and personal income tax appeals, and serves a significant role in the assessment and administration of property taxes.
For more information on other taxes and fees in California, visit www.taxes.ca.gov.
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- Written by: Editor
Fourteen employers sent recruiters to filter through over 150 potential applicants who came seeking work.
There also were applications and job descriptions available from several businesses that had open positions but were unable to attend.
Evergreen Healthcare, Scully Packing, county of Lake, Jameson Chiropractic, the US Army, AmeriCorps, Senior Helpers, Aflac, California Mentor, California Department of Human Development, California Conservation Corps and Bicoastal Media all attended to recruit for various positions.
Bicoastal Media, KXBX 98.3FM, broadcasted live from the event, adding some music to the mix, all while they themselves recruited for an outside sales position.
Lake One-Stop representatives had the opportunity to spend a few seconds on-air to tell the public about the job fair and what Lake One-Stop, Inc. has to offer job seekers and employers. Luckily, the weather turned out warm and sunny – leaving the rainy first half of the week behind.
“This is a great venue to be able to actually meet possible candidates,” said Mei-Ling Jameson, chiropractic assistant of Jameson Chiropractic. “Compliments to the hosts: Lake One-Stop Inc. and EDD, for putting on this event. It benefits both employers and job seekers.”
“We had a great turnout – a lot of professional and prepared job seekers,” said Melinda Leister, intake specialist for Lake One-Stop. “We also had a large group of employers who took the time to come down to our job fair and meet with possible candidates.”
David Rodgers, 28, of Lucerne has been unemployed for almost two weeks, and was happy to have the chance to hand out his resume to the employers he was interested in.
“The job fair was really nice – everyone was nice and answered all of my questions,” he said.
EDD and Lake One-Stop Inc. would like to thank all of the employers who made the job fair such a success – and they wish all job seekers well in their search for employment. Expect future job fairs as the next one is already being planned.
Another big thank you goes out to Lynn Wiley of Resume Solutions By Wiley, who volunteered her time and expertise to help review the resumes of many job seekers, and gave them valuable tips on how to improve them.
You can reach Lake One-Stop Inc. at 707-263-0630 in Lakeport, and at 707-994-0633 in Clearlake.
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