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Board reviews private‑railroad car tax rate and adopts private and state assessed property rolls; corrects three state assessed values
Summary
The board received an informational report that set the 2025 private railroad car tax rate at 1.151%, adopted the 2025 private railroad car assessment roll, approved three corrections to state assessed values (resulting from staff calculation errors), and adopted the 2025 state assessed property roll allocating unitary values to counties.
At the July 23 meeting the California State Board of Equalization handled multiple constitutional matters in the State Assessed Properties Division, including the private railroad car tax rate, adoption of the private railroad car roll, corrections to state assessed values, and final adoption of the 2025 state assessed property roll.
Private railroad car tax rate: Jack McCool, chief of the State Assessed Properties Division (SAPD), reported the annual private railroad car tax rate that will be applied to assessed values. "This year's rate is 1.151%, which is down slightly from last year's 1.153%," McCool said. He explained the rate is computed annually by the board’s Research and Statistics Division under Revenue and Taxation Code section 11403 using state…
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