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BOE votes to form 2026 work group to standardize valuation of intangible assets
Summary
The Board of Equalization on Oct. 21 voted to establish a 2026 work group to address inconsistencies in how counties value intangible assets and rights and to recommend updates to the BOE Assessor’s Handbook section 502.
The Board of Equalization on Oct. 21 voted to establish a 2026 work group to address inconsistencies in how counties value intangible assets and rights and to recommend updates to the BOE Assessor’s Handbook section 502.
Controller Cohen, who introduced the proposal, told the board the assessor’s handbook on intangibles has not been updated since 1998 and that subsequent California Supreme Court and Court of Appeal decisions have created new legal precedents the handbook does not reflect. “I propose that the board approve the convening of a board working group to explore these methodologies and create recommendations,” Controller…
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