Corona, California Property Taxes
The median property tax rate in Corona, CA is 1.13%, higher than the national median of 0.99% but slightly lower than the California state median of 1.21%. With a median home value of $426,087 in Corona, the typical annual property tax bill amounts to $4,855, significantly surpassing the national median of $2,690. Property taxes in Corona are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Corona's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Corona or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Corona, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$4,815
$4,547
Ownwell’s Corona Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Corona with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Corona to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Corona, California
Property taxes in Corona, CA, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Corona is 1.13%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Corona set these rates annually, and they can vary significantly across different neighborhoods. Each year, Corona estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Corona's effective property tax rate to other areas in Riverside County and the national median. For comparison, the 91720 zip code has the highest median property tax rate of 1.21%, while the 92878 zip code has the lowest median tax rate of 1.11%. Understanding how these cities compare with Corona provides valuable insights into the varying tax landscape across Riverside County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Corona Tax Rate
1.13%
Average Riverside County Tax Rate
1.26%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Corona, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91719 | 1.15% | 1.15% | 1.15% | 1.15% | 1.15% |
| 91720 | 1.21% | 1.21% | 1.21% | 1.21% | 1.21% |
| 92878 | 1.07% | 1.09% | 1.11% | 1.13% | 1.35% |
| 92879 | 1.07% | 1.09% | 1.13% | 1.17% | 1.26% |
| 92880 | 1.04% | 1.10% | 1.19% | 1.52% | 1.71% |
| 92881 | 1.07% | 1.10% | 1.13% | 1.18% | 1.40% |
| 92882 | 1.07% | 1.09% | 1.12% | 1.22% | 1.35% |
| 92883 | 1.01% | 1.09% | 1.20% | 1.59% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Corona, California
In Corona, California, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Riverside County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Corona, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Corona helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $22,413 in the 91720 zip code, while the lowest is $3,732 in the 92879 zip code.
Average Corona Assessed Value
$426,087
Average Riverside County Assessed Value
$321,125
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Corona, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91719 | $330,646 | $330,646 | $330,646 | $330,646 | $330,646 |
| 91720 | $1,845,170 | $1,845,170 | $1,845,170 | $1,845,170 | $1,845,170 |
| 92878 | $104,488 | $266,252 | $373,786 | $498,363 | $606,936 |
| 92879 | $93,847 | $219,363 | $331,990 | $468,180 | $591,392 |
| 92880 | $3,329 | $305,660 | $519,910 | $813,839 | $954,894 |
| 92881 | $237,385 | $331,804 | $479,736 | $643,340 | $861,900 |
| 92882 | $156,509 | $266,099 | $405,025 | $563,372 | $730,461 |
| 92883 | $247,307 | $373,498 | $500,043 | $629,680 | $761,243 |
Source: Ownwell
Property Tax Bills Across Corona, California
In Corona, located in Riverside County, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the Riverside County Assessor’s Office. This assessed value is typically a percentage of the property's market value. Homeowners in Corona can expect to pay property taxes that vary widely depending on the value of their property and the specific location within the city. The median home price in Corona is $426,087, and property tax bills can range significantly. For instance, the tax bill at the 25th percentile is approximately $3,170, while at the 75th percentile, it rises to around $6,893. At the 90th percentile, homeowners might see tax bills as high as $9,484. Notably, the highest median tax bill in the area can reach up to $22,413 in certain zip codes like 91720, while the lowest median tax bill can be as low as $3,732 in zip codes such as 92879. These property taxes are crucial for funding local services, including schools, infrastructure, and emergency services, directly impacting the quality of life for residents.
Average Corona Tax Bill
$4,855
Average Riverside County Tax Bill
$4,079
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Corona, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91719 | $3,807 | $3,807 | $3,807 | $3,807 | $3,807 |
| 91720 | $22,413 | $22,413 | $22,413 | $22,413 | $22,413 |
| 92878 | $1,068 | $2,994 | $4,256 | $5,777 | $7,253 |
| 92879 | $1,003 | $2,434 | $3,732 | $5,247 | $6,590 |
| 92880 | $14 | $1,796 | $7,700 | $9,409 | $11,864 |
| 92881 | $2,649 | $3,759 | $5,492 | $7,607 | $10,384 |
| 92882 | $1,712 | $2,975 | $4,627 | $6,522 | $8,632 |
| 92883 | $2,737 | $4,247 | $6,322 | $9,040 | $11,079 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | November 30 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| Riverside Tax Assessor | |
| Website | ca-riverside-acr.publicaccessnow.com |