The California State Board of Equalization (BOE) Sept. 20 issued a notice announcing the interest component of the capitalization rate to be used in valuing qualified historical properties for the 2025 assessment year. The interest component, based on the effective average interest rate on conventional mortgages, was set at 6.25 percent for the 2025 assessment year. [Cal. State Bd. of Equalization, Letter to Assessor 2024/037, 09/20/24]
This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.