In a 3-2 split vote, the California State Board of Equalization (BOE) voted against issuing formal guidance to county assessors regarding mid-year re-assessments due to declines in value caused by the COVID-19 pandemic.

• Similar to a number of other states, California law provides valuation relief for property tax purposes due to calamities, emergencies, and disasters.
• These property tax relief provisions provide an opportunity for immediate tax reductions as a result of disaster declarations, stay at home orders, and other mandatory restrictions caused by the COVID-19 epidemic.
• Despite the BOE’s decision to forgo issuing formal guidance, taxpayers should still consider filing such disaster relief claims with local assessors.

Read our full legal alert here.