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Utility Property Values Set for Fiscal Year 2014-15

Photo Courtesy of:

By Brian Miller,
September 3, 2014 at 11:31am. Views: 135

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.

Class of 2026

Photo Courtesy of: City of Moreno Valley

By Ulises Cabrera, Community Writer

June 4, 2026 at 02:04pm. Views: 145

Across Moreno Valley, students are reaching a milestone that represents years of dedication, growth, and perseverance. To the Class of 2026, this moment belongs to you, and it’s one worth celebrating.

BLESSED TO BE ALIVE AT 95!!!

Photo Courtesy of: The Petersen Kids

By The Petersen Kids, Community Writer

June 4, 2026 at 07:55am. Views: 118

Niel “Pete” Petersen Turns 95 this weekend. B.Y.O.B, Bring Your Own Bible. Pete has long been a cherished and prominent member of the Grand Terrace community. He has also shared his insights and experiences as a contributing writer for City News Group, helping inform and inspire local readers. A man of deep faith, Pete is an active member of both Colton Christian Church and Centerpoint Church. As he celebrates his 95th birthday, the community joins together in honoring a life marked by compassion, service, and an unwavering commitment to helping others.

Chamber Luncheons Continue Bringing Local Leaders and Businesses Together

Photo Courtesy of: City News Group AI-generated Image

By Stella Pierce, Community Writer

May 13, 2026 at 01:38pm. Views: 1332

Business professionals and community leaders attend a luncheon networking event featuring guest speakers and local updates.

GTHS Athlete of the Week: Brenden Muir

Photo Courtesy of: TME Photography by Titan Mom Elvira

By Titan Mom Elvira, Community Writer

May 13, 2026 at 01:38pm. Views: 1113

Brenden Muir proudly represents Titan Baseball with dedication, leadership, and passion both on and off the field.

Rising Teen Driver Truly Adams Emerging as a Driver to Watch in 2026 Season

Photo Courtesy of: Truly Adams

By Justus Baker-Postell, Community Writer

May 13, 2026 at 01:38pm. Views: 1490

Truly “The Truth” Adams secures a second-place podium finish at NOLA Motorsports Park during the opening rounds of the 2026 Ligier Junior Formula Championship.

The Black Culture Foundation Awards Alisha James a Black Rose

Photo Courtesy of: Alisha James

By Carl M. Dameron , Contributing Writer

May 13, 2026 at 01:38pm. Views: 1287

PHOTO CAPTION: “This means so much to me because I love my students and the population I serve,” said Black Rose Award Winner Alisha James, Senior High Teacher at San Bernardino City Unified School District (SBCUSD).

IF IT DON'T MAKE DOLLARS IT DON'T MAKE SENSE

Photo Courtesy of: City News group AI Generated Image

By The Opinion of Vivian Johnson, Community Writer

June 3, 2026 at 12:04pm. Views: 271

Budget priorities can influence how communities support economic development, business licensing, and local entrepreneurship. This AI-generated illustration represents the connection between city financial planning and small business growth.