State Board of Equalization Requirements for Local Government Rates
The State Board of Equalization (SBOE) will certify the statewide actual value growth between property tax year 2024 and property tax year 2025. For property tax year 2025, residential property is assessed at 6.25% for local governments. The 2025 residential assessment rate is assuming a 2024 to 2025 statewide actual value growth of less than or equal to 5%. If the statewide actual value growth is greater than 5%, the assessment rate will be lowered by 0.1%. The State Board of Equalization will make the final determination at their meeting October 10, 2025.
The following chart indicates the potential residential real property assessment rates. Once determined by the SBOE the Administrator will publish the finalized rate on the DOLA and DPT websites.
Local Government Residential Rates
Actual Value Growth less than or equal to 5% | Actual Value Growth greater than 5% | |
|---|---|---|
| 2025 Local Government Residential Rate | 6.25% | 6.15% |
| 2026 Local Government Residential Rate | 6.8% | 6.7% |
| 2027 Local Government Residential Rate | 6.8% | 6.7% |