Homeland, California Property Taxes
The median property tax rate in Homeland, CA is 1.11%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Homeland at $88,939, the typical annual property tax bill amounts to $1,289, which is below the national median of $2,690. Property taxes in Homeland are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as the primary residence exemption. Understanding Homeland'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 Homeland or another part of Riverside County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Homeland, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$987
$932
Ownwell’s Homeland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Homeland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Homeland 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 Homeland, California
Property taxes in Homeland, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Homeland is 1.11%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Homeland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Homeland 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 Homeland's effective property tax rate to other counties in California and the national median. For comparison, the 92548 zip code has the highest median property tax rate of 1.11%, while the 92545 zip code has the lowest median tax rate of 0.56%. Understanding how these cities compare with Homeland 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 Homeland Tax Rate
1.11%
Average Riverside County Tax Rate
1.26%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Homeland, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92545 | 0.56% | 0.56% | 0.56% | 0.56% | 0.56% |
| 92548 | 0.99% | 1.05% | 1.11% | 1.17% | 1.40% |
| 92584 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Homeland, California
In Homeland, 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 Homeland, 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 Homeland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Homeland is $1,289 in the 92548 zip code, while the lowest median tax bill is $598 in the 92545 zip code.
Average Homeland Assessed Value
$88,939
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 Homeland, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92545 | $107,620 | $107,620 | $107,620 | $107,620 | $107,620 |
| 92548 | $37,153 | $56,128 | $88,939 | $173,411 | $316,563 |
| 92584 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Homeland, California
In Homeland, located in Riverside County, CA, property tax bills are calculated based on the assessed value of the home. The assessed value is determined by the Riverside County Assessor's Office and is typically a percentage of the home's market value. Factors such as the property's location, size, and any improvements or renovations can influence the assessed value. Homeowners in Homeland can expect their tax bills to vary significantly. For instance, the median home price is $88,939, and the tax bill at the 25th percentile is $739, while at the 75th percentile, it rises to $2,253. The 90th percentile tax bill can reach up to $4,039. The highest median tax bill in the area is $1,289 in the 92548 zip code, whereas the lowest is $598 in the 92545 zip code. These property taxes fund essential local services, including schools, public safety, and infrastructure, directly impacting the quality of life for homeowners in the community.
Average Homeland Tax Bill
$1,289
Average Riverside County Tax Bill
$4,079
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Homeland, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92545 | $598 | $598 | $598 | $598 | $598 |
| 92548 | $481 | $742 | $1,289 | $2,254 | $4,040 |
| 92584 | N/A | N/A | N/A | N/A | N/A |
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 |