California Code of Regulations › Title 18 - Public Revenues › Division 2.1 - State Board of Equalization - Rules for Tax Appeals › Chapter 3 - Property Taxes › Article 2 - Petitions for Reassessment of State-Assessed Property and Private Railroad Cars › Subarticle 2 - Assessments and Assessment Factor Hearings › Section 5322 - Information Available to Assessees; Assessment Factor Hearings

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) Each year, the
					 State-Assessed Properties Division must perform capitalization rate studies and
					 develop value indicators applicable to the valuation of the unitary property of
					 each state assessee. The capitalization rate study, the value indicators, and
					 all other appraisal data, calculations, and information developed or used by
					 the State-Assessed Properties Division with respect to the valuation of the
					 assessee's state-assessed property must be made available to the state assessee
					 upon a written request to the Chief of the State-Assessed Properties
					 Division.
(b) At the discretion of
					 the Board, but generally at the Board's January or February meeting in
					 Sacramento, the Board may annually hold Assessment Factor Hearings to receive
					 public testimony on issues relating to capitalization rates and other factors
					 affecting values of state-assessed property and private railroad cars. At least
					 30 days before the Assessment Factor Hearing date, state assessees and private
					 railroad car taxpayers, or other persons wishing to be listed on the agenda,
					 must notify the Chief of Board Proceedings if they intend to make an oral
					 presentation at the hearing. Testimony of persons who do not notify the Chief
					 of Board Proceedings as set forth above may be heard after those on the agenda
					 have completed their oral presentations. The Board may place reasonable time
					 limits on any presentation. In lieu of oral presentations, state assessees,
					 private railroad car taxpayers, or other persons may submit written
					 presentations to the Chief of Board Proceedings no later than the date of the
					 hearing.
(c) At the discretion of
					 the Board, but generally at the Board's April meeting in Sacramento, every
					 state assessee may be given an opportunity to make an oral presentation to the
					 Board in a public meeting regarding the value indicators to be used to value
					 its state-assessed unitary property, or the value of its property. In lieu of
					 an oral presentation, a state assessee may submit a written presentation to the
					 Chief of Board Proceedings no later than the date of the hearing.
1. New
						subchapter 2 (sections
						5322-5322.5) and section filed
						1-7-2008; operative 2-6-2008 (Register 2008, No. 2).
2. Editorial
						change renaming subchapter 2 to subarticle 2 (Register 2008, No.
						13).
3. Amendment of subsection (b) filed 2-25-2014; operative
						4-1-2014 (Register 2014, No. 9).
Note: Authority cited: Section
						  15606,
						  Government Code; and Section
						  11651,
						  Revenue and Taxation Code. Reference: Sections
						  110,
						  721,
						  721.5,
						  722,
						  723,
						  724,
						  725,
						  731,
						  746,
						  11251,
						  11291,
						  11292
						  and
						  11293,
						  Revenue and Taxation Code.