Palm Springs, California Property Taxes
The median property tax rate in Palm Springs, CA is 1.33%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Palm Springs at $339,066, the typical annual property tax bill reaches $4,245, exceeding the national median of $2,690. Property taxes in Palm Springs 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 Palm Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Palm Springs 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
Palm Springs, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$4,510
$4,259
Ownwell’s Palm Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Palm Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Palm Springs 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 Riverside County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Palm Springs, California
Property taxes in Palm Springs, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Palm Springs is 1.33%, higher than the U.S. national median of 0.99%. Local government entities within Palm Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Palm Springs 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 Palm Springs' effective property tax rate to other areas in Riverside County and the national median. For comparison, the 92263 zip code has the highest median property tax rate of 3.05%, while the 92258 zip code has the lowest median tax rate of 0.67%. Understanding how these areas compare with Palm Springs 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 Palm Springs Tax Rate
1.33%
Average Riverside County Tax Rate
1.26%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Palm Springs, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92258 | 0.67% | 0.67% | 0.67% | 0.67% | 0.67% |
| 92262 | 1.13% | 1.30% | 1.34% | 1.41% | 1.54% |
| 92263 | 3.05% | 3.05% | 3.05% | 3.05% | 3.05% |
| 92264 | 1.15% | 1.29% | 1.33% | 1.38% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Palm Springs, California
In Palm Springs, 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 Palm Springs, 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. For instance, the highest median tax bill in Palm Springs is $4,468 in the 92262 zip code, while the lowest is $110 in the 92263 zip code. 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 Palm Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Palm Springs, California
Source: Ownwell
$3,614
$924,392
$1,845,170
Average Palm Springs Assessed Value
$339,066
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 Palm Springs, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92258 | $107,378 | $107,378 | $107,378 | $107,378 | $107,378 |
| 92262 | $86,844 | $176,328 | $353,779 | $645,403 | $1,005,095 |
| 92263 | $3,614 | $3,614 | $3,614 | $3,614 | $3,614 |
| 92264 | $113,424 | $184,934 | $324,012 | $600,314 | $1,040,592 |
Source: Ownwell
Property Tax Bills Across Palm Springs, California
In Palm Springs, 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. The assessed value is typically a percentage of the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. In Palm Springs, the median home price stands at $339,066, and property tax bills can vary widely. The tax bill can be influenced by several factors, including the property's location, any applicable exemptions, and the specific tax rate of the area. For example, in the 92262 ZIP code, the highest median tax bill is $4,468, while in the 92263 ZIP code, the lowest median tax bill is just $110. Homeowners in Palm Springs may see tax bills ranging from $2,425 at the 25th percentile to $12,272 at the 90th percentile. These property taxes can significantly impact homeowners' annual expenses, making it crucial to understand how these taxes are calculated and managed.
Average Palm Springs Tax Bill
$4,245
Average Riverside County Tax Bill
$4,079
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Palm Springs, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92258 | $720 | $720 | $720 | $720 | $720 |
| 92262 | $1,230 | $2,346 | $4,468 | $8,004 | $12,114 |
| 92263 | $110 | $110 | $110 | $110 | $110 |
| 92264 | $1,619 | $2,497 | $4,056 | $7,402 | $12,543 |
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 |