For Immediate Release
August 29, 2022
Contact: Regina Evans
Board of Equalization Convenes Second Property Tax Abatement Workgroup Meeting
Sacramento – The California State Board of Equalization (BOE) will hold the second of three Property Tax Abatement Workgroup meetings on Wednesday, August 31, 2022, in Sacramento. Building off the success of the July 27th Workgroup meeting, the Board will hear presentations from stakeholders who will highlight innovative strategies to spur market rate, missing middle, and affordable housing development.
“I look forward to continuing this critical conversation and anticipate meaningful dialogue with housing experts and stakeholders,” said California State Board of Equalization Chair Malia M. Cohen. “We need to focus our energy towards building housing that can be accessible to the missing middle, our teachers, fire fighters, health care workers, and first responders. These hearings on property tax abatement are a vital first step in achieving that goal.”
What: Property Tax Abatement Workgroup
When: Wednesday, August 31, 2022
Time: 10:00 a.m.
Where: 450 N Street, Auditorium, Sacramento, CA 95814
The August 31st meeting will examine the impact of property tax abatements to incentivize development and explore a statewide solution from a local government lens. The Board will hear presentations from Louise Carroll, a partner at Katten Muchin Rosenman LLP, and a nationally recognized former New York City housing commissioner who led the most expansive affordable housing plan in US history resulting in nearly a quarter-million affordable housing units. The Board will also hear from representatives from the Cities of Los Angeles, Santa Monica, Vacaville, Vallejo, Riverside, Fresno, and El Centro.
Stakeholders and the public are invited to join and can participate in-person, virtually, or by phone. For more information about how to participate in the Workgroup and to view the agenda, visit the BOE website.
State Board of Equalization Chair Malia M. Cohen represents nearly 10 million constituents residing in 23 counties in Northern and Central California, extending from Del Norte County in the north to Santa Barbara County in the south. Board Chair Cohen is the youngest Constitutional Officer serving in California.
The Board of Equalization is California's statewide elected tax board. Its five members include four members elected in districts, and the State Controller. Under its constitutional mandate, the BOE oversees the assessment practices of the state's 58 county assessors, who are charged with establishing values for approximately 13.6 million assessments each year. In addition, the BOE assesses the property of regulated railroads and specific public utilities, and is responsible for the alcoholic beverage tax and tax on insurers.
Note: This news release may discuss complex tax laws and concepts. It may not address every situation and is not considered written advice. 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.