Mira Loma, California Property Taxes
The median property tax rate in Mira Loma, CA is 1.20%, slightly higher than the national median of 0.99% but just below California's state median of 1.21%. With a median home value of $581,584 in Mira Loma, the typical annual property tax bill reaches $7,847, significantly exceeding the national median of $2,690. Property taxes in Mira Loma are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mira Loma'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 Mira Loma 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
Mira Loma, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$6,979
$6,591
Ownwell’s Mira Loma Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mira Loma with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mira Loma 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 Mira Loma, California
Property taxes in Mira Loma, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mira Loma is 1.20%, higher than the U.S. national median of 0.99%. Local government entities within Mira Loma set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mira Loma 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 Mira Loma's effective property tax rate to other areas in Riverside County and the national median. For comparison, the 91752 zip code has both the highest and lowest median property tax rate of 1.20%. Understanding how these areas compare with Mira Loma 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 Mira Loma Tax Rate
1.20%
Average Riverside County Tax Rate
1.26%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mira Loma, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91752 | 0.97% | 1.09% | 1.20% | 1.68% | 1.75% |
Source: Ownwell
Property Tax Assessment Values Across Mira Loma, California
In Mira Loma, 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 Mira Loma, 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 Mira Loma helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 91752, amounting to $7,847.
Average Mira Loma Assessed Value
$581,584
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 Mira Loma, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91752 | $89,200 | $214,304 | $581,584 | $761,784 | $830,643 |
Source: Ownwell
Property Tax Bills Across Mira Loma, California
Property tax bills in Mira Loma, located in Riverside County, CA, are calculated based on the assessed value of a property. This assessed value is determined by the Riverside County Assessor's Office, which considers factors such as the property's market value and any improvements made. The tax rate is then applied to this assessed value to determine the annual tax bill. In Mira Loma, homeowners can expect varying tax bills depending on their property's value. For instance, the median home price is $581,584, which significantly impacts the tax bills. The 25th percentile tax bill is $1,996, while the 75th percentile reaches $11,982. These figures highlight the range of property tax burdens within the area. Comparatively, Mira Loma's property tax rates can be higher than the national median property tax rate of 0.99%, especially for higher-valued properties. This can significantly affect homeowners, as higher property taxes can increase the overall cost of homeownership, influencing decisions on buying, selling, or renovating properties.
Average Mira Loma Tax Bill
$7,847
Average Riverside County Tax Bill
$4,079
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Mira Loma, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 91752 | $866 | $1,996 | $7,847 | $11,982 | $12,829 |
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 |