Menifee, California Property Taxes
The median property tax rate in Menifee, CA is 1.27%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Menifee at $353,367, the typical annual property tax bill reaches $4,714, exceeding the national median of $2,690. Property taxes in Menifee are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Menifee'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 Menifee 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
Menifee, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$4,488
$4,238
Ownwell’s Menifee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Menifee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Menifee 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 Menifee, California
Property taxes in Menifee, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Menifee is 1.27%, higher than both the California state median of 0.76% and the U.S. national median of 0.99%. Local government entities within Menifee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Menifee 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 Menifee's effective property tax rate to other areas in Riverside County and the national median. For comparison, the 92543 zip code has the highest median property tax rate of 2.12%, while the 92596 zip code has the lowest median tax rate of 1.16%. Understanding how these cities compare with Menifee 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 Menifee Tax Rate
1.27%
Average Riverside County Tax Rate
1.26%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Menifee, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92543 | 2.12% | 2.12% | 2.12% | 2.12% | 2.12% |
| 92584 | 1.14% | 1.23% | 1.51% | 1.83% | 2.05% |
| 92585 | 1.04% | 1.12% | 1.59% | 2.00% | 2.20% |
| 92586 | 0.94% | 1.14% | 1.17% | 1.21% | 1.29% |
| 92587 | 1.08% | 1.18% | 1.25% | 1.34% | 1.56% |
| 92596 | 1.13% | 1.14% | 1.16% | 1.20% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Menifee, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Menifee, California. 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 Menifee, 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. The median home price in Menifee stands at $353,367, with tax bills varying widely. For instance, the highest median tax bill is $6,167 in the 92584 zip code, while the lowest is $1,578 in the 92543 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Menifee Assessed Value
$353,367
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 Menifee, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92543 | $74,460 | $74,460 | $74,460 | $74,460 | $74,460 |
| 92584 | $206,647 | $309,488 | $414,671 | $514,998 | $613,836 |
| 92585 | $151,966 | $250,908 | $381,168 | $482,916 | $578,540 |
| 92586 | $70,013 | $138,449 | $216,602 | $307,311 | $394,507 |
| 92587 | $71,255 | $130,004 | $236,408 | $375,638 | $518,148 |
| 92596 | $153,916 | $270,948 | $404,570 | $559,813 | $704,982 |
Source: Ownwell
Property Tax Bills Across Menifee, California
In Menifee, property tax bills are calculated based on the assessed value of your home, which is determined by the Riverside County Assessor's Office. This assessed value typically starts with the purchase price of the property and may be adjusted annually for inflation, not exceeding 2% per year. The property tax rate in Menifee is a combination of the general tax levy, voter-approved local taxes, and any special assessments or fees. Several factors influence the final tax bill, including the property's location within specific school districts or special assessment districts. Homeowners in Menifee can expect a wide range of tax bills, with the 25th percentile at $2,623 and the 75th percentile reaching $7,538. Notably, the highest median tax bill in the area is $6,167 in the 92584 zip code, while the lowest is $1,578 in the 92543 zip code. These property taxes directly impact homeowners by funding local services such as schools, public safety, and infrastructure projects, which can enhance community living but also represent a significant annual expense.
Average Menifee Tax Bill
$4,714
Average Riverside County Tax Bill
$4,079
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Menifee, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92543 | $1,578 | $1,578 | $1,578 | $1,578 | $1,578 |
| 92584 | $2,639 | $4,258 | $6,167 | $8,277 | $9,904 |
| 92585 | $1,531 | $3,049 | $5,990 | $8,484 | $9,712 |
| 92586 | $729 | $1,551 | $2,469 | $3,514 | $4,702 |
| 92587 | $962 | $1,615 | $2,884 | $4,478 | $5,925 |
| 92596 | $2,368 | $2,965 | $4,615 | $5,952 | $8,009 |
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 |