News Release
For Immediate Release
September 1, 2022
NR 22-07
Contact: Regina Evans

Board of Equalization Chair Cohen Issues Statement on Second Property Tax Abatement Workgroup Meeting

Sacramento – Yesterday, the California State Board of Equalization (BOE) held the second of three public Property Tax Abatement Workgroup meetings. Chair Malia M. Cohen issued the following statement:

"We heard from a diverse group of presenters representing various cities across the state. Each speaker amplified the magnitude and scope of California's housing crisis and the need to increase the resources available to incentivize the local development of market rate, missing middle, and affordable housing.

The critically important discussions we had yesterday with our local government leaders will help inform the BOE's next steps in exploring the use of property tax abatements to close California's housing gap."

The BOE will host the next meeting of the Property Tax Abatement Workgroup at the Board's upcoming September 28th Board meeting. The agenda of the August 31, 2022 meeting of the Property Tax Abatement Workgroup can be found on 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.