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Board adopts three section-40 decisions and approves four state-assessed audits; votes recorded
Summary
The Board published three Revenue & Taxation Code section 40 summary decisions and adopted audit value changes for four state-assessed entities, including one roll-call where Chairman Gaines recused.
The Board of Equalization voted on Feb. 19 to publish three non-precedential written decisions under Revenue and Taxation Code section 40 and to adopt the results of audits of state-assessed properties, the Board's appeals attorney and State Assessed Properties staff said.
The action fulfills statutory requirements that the Board adopt written decisions for state-assessed petitions above the $500,000 tax threshold and that it approve audit-identified value changes. Board staff described the item as reflective of determinations the Board had already made in prior,…
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