Beaumont, California Property Taxes
The median property tax rate in Beaumont, CA is 1.73%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Beaumont at $348,982, the typical annual property tax bill reaches $6,071, exceeding the national median of $2,690. Property taxes in Beaumont 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 Beaumont'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 Beaumont 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
Beaumont, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
Ownwell’s Beaumont Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers aiming to estimate their annual property taxes in Beaumont. By inputting your property's estimated assessed value, the calculator utilizes the median tax rate in Beaumont to provide an accurate property tax bill estimate. This valuable tool offers a clear understanding of potential tax liabilities, helping you plan your finances effectively. For those interested in more granular data, localized information on neighborhood trends is available by scrolling down. Your property's assessed value, determined by Riverside County, is crucial for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Beaumont, California
Property taxes in Beaumont, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beaumont is 1.73%, significantly higher than the U.S. national median of 0.99%. Local government entities within Beaumont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beaumont 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 Beaumont's effective property tax rate to other counties in California and the national median. For comparison, the 92223 zip code has the highest median property tax rate of 1.73%, while the same zip code also has the lowest median tax rate of 1.73%. Understanding how these areas compare with Beaumont 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 Beaumont Tax Rate
1.73%
Average Riverside County Tax Rate
1.26%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beaumont, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92223 | 1.27% | 1.42% | 1.73% | 1.97% | 2.19% |
Source: Ownwell
Property Tax Assessment Values Across Beaumont, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Beaumont, CA. 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's Office 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 Beaumont, 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. For instance, the median home price in Beaumont is $348,982, with tax bills ranging from $4,213 at the 25th percentile to $8,604 at the 90th percentile. The highest and lowest median tax bills are both $6,071 in the 92223 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Beaumont Assessed Value
$348,982
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 Beaumont, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92223 | $152,707 | $261,829 | $348,982 | $431,987 | $521,151 |
Source: Ownwell
Property Tax Bills Across Beaumont, California
Property tax bills in Beaumont, located in Riverside County, CA, are calculated based on the assessed value of a property. The assessed value is determined by the Riverside County Assessor's Office and is typically a percentage of the property's market value. Homeowners in Beaumont can expect their property tax bills to vary significantly depending on the value of their homes. For example, the 25th percentile tax bill is around $4,213, while the 75th percentile tax bill can reach up to $7,375. Several factors influence the final tax bill, including property improvements, market conditions, and local tax rates. The highest median tax bill in Beaumont is $6,071, which is notably higher than the national median property tax rate of 0.99%. These taxes are essential for funding local services such as schools, public safety, and infrastructure. For homeowners, understanding how these factors contribute to their tax bills can help in budgeting and financial planning.
Average Beaumont Tax Bill
$6,071
Average Riverside County Tax Bill
$4,079
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Beaumont, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92223 | $1,872 | $4,213 | $6,071 | $7,375 | $8,604 |
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 |