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Kings County Board of Equalization accepts $16.38 billion assessment roll; shifts ag valuation to rent-based approach
Summary
The Kings County Board of Equalization on July 22 accepted the county assessment roll showing a 4.35% increase in assessed value and approved a permanent change to use rent-based income valuation for agricultural parcels amid SGMA-related water concerns.
Kings County Board of Equalization members on July 22 approved the county ssessment roll for 2025, accepting a 4.35% net increase that raises the total roll to $16,380,000,000.
The change in the agricultural valuation method also drew attention: Kings County Assessor and Clerk-Recorder Christie Lee told the board the office will permanently use a rent-based income approach rather than the historical crop-rotation method to value certain agricultural parcels, a change she said reflects water availability issues linked to SGMA.
Lee presented the roll at the board's special meeting and summarized the countywide figures. "The assessment roll grew by 4.35% this year," she said. She reported that growth represented a $682,000,000 increase in total assessed value, with the roll figure presented as a net number after exemptions.
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