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BOE publishes FY 2023–24 annual report; staff outline training, audits and program metrics
Summary
Executive Director Yvette Stowers presented the Board's fiscal year 2023–24 annual report, highlighting assessed value growth, distribution of property tax dollars to schools and local governments, training and certification activity, and assessment practice audits.
The Board's executive director presented the Board of Equalization’s fiscal year 2023–24 annual report at the April 20 meeting and summarized agency program highlights, state and county assessed value trends, and outreach and training activity.
Executive Director Yvette Stowers said the agency’s annual report (available on the BOE website and the open data portal) compiles assessed‑value data, assessment practice surveys, Welfare Exemption clearances, the Legal Entity Ownership Program (LEOP) outcomes, and BOE contributions to state and local government revenue oversight. Stowers highlighted the following figures cited in the presentation: the total net assessed value (net of exemptions) reported for fiscal year 2023–24 and the continuing year‑over‑year assessed‑value growth; a statewide map of county net assessed values and average tax rates; and the distribution of property tax dollars with approximately 54¢ of each property tax dollar supporting public schools (figures presented in the slideshow were expressed in the meeting transcript as large numeric totals and proportions reported by staff).
Stowers reviewed BOE accomplishments: 10 assessment practice surveys and compliance audits issued, 57 advisory letters to county assessors, three assessor handbook updates and 24 amended prescribed property tax forms. The agency also trained approximately 2,252 students through 35 BOE‑hosted courses and updated certification programs; the report listed permanent and advanced appraisal certifications granted during the fiscal year and certification and continuing education activity for county assessor staff. The annual report also summarized BOE work on state assessed properties, PRC valuations and revenue allocations that support school and local revenues.
Division chiefs provided related quarterly updates: the County Assessed Properties Chief summarized letters to assessors and the agency’s training program; Assessment Practices Survey staff summarized recently published county audit reports (Colusa, Fresno, Lassen, Butte) and said no “significant assessment problems” were identified in those reports; the State Assessed Properties Division reported that work on unitary property filings and private railroad car valuations was in progress.
Board members praised the report’s clarity and graphics and requested expanded data elements for follow‑up; staff said the full report and data sets are available on the BOE website and open data portal.
Ending — The Board recessed for a break following the report; staff said copies of the report were distributed to Board members and the document will remain available online for stakeholders.
