Riverdale, California Property Taxes
The median property tax rate in Riverdale, CA is 1.12%, which is higher than both the national median of 0.99% and the California state median of 1.21%. With a median home value of $193,447 in Riverdale, the typical annual property tax bill amounts to $1,968, falling below the national median of $2,690. Property taxes in Riverdale are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Riverdale'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 Riverdale or another part of the city, understanding the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Riverdale, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$2,167
$2,011
Ownwell’s Riverdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Riverdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Riverdale 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 Riverdale, California
Property taxes in Riverdale, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Riverdale is 1.17%, which is significantly higher than both the California state median of 0.76% and the U.S. national median of 0.99%. Local government entities within Riverdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Riverdale 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 Riverdale's effective property tax rate to other counties in California and the national median. For comparison, the 93656 zip code has the highest median property tax rate of 1.17%, while the same zip code also holds the lowest median tax rate of 1.17%. Understanding how these cities compare with Riverdale provides valuable insights into the varying tax landscape across Kings County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Riverdale Tax Rate
1.12%
Average Kings County Tax Rate
1.08%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Riverdale, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93656 | 1.06% | 1.10% | 1.12% | 1.14% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Riverdale, California
In Riverdale, 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 Kings 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 Riverdale, 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 Riverdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Riverdale is $1,968 in the zip code 93656, which can guide homeowners in understanding the potential tax implications in their area.
Average Riverdale Assessed Value
$193,447
Average Kings County Assessed Value
$196,084
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Riverdale, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93656 | $43,870 | $92,769 | $193,447 | $336,541 | $466,545 |
Source: Ownwell
Property Tax Bills Across Riverdale, California
In Riverdale, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. The assessed value is typically a percentage of the market value, with the tax rate applied to this assessed value. For Riverdale in Kings County, the median home price stands at $193,447. Homeowners in this area can expect their annual tax bills to vary significantly, with the 25th percentile at $768 and the 75th percentile reaching up to $3,498. At the higher end, the 90th percentile tax bill can go as high as $4,793. These tax bills are influenced by several factors, including property size, location, and any applicable exemptions. For instance, properties in the zip code 93656 have the highest median tax bill at $1,968. Understanding these factors is crucial for homeowners as it directly impacts their annual expenses. Compared to the national median property tax rate of 0.99%, Riverdale's tax bills can be both lower and higher, depending on the specific circumstances of each property.
Average Riverdale Tax Bill
$1,968
Average Kings County Tax Bill
$1,988
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Riverdale, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93656 | $283 | $768 | $1,968 | $3,498 | $4,793 |
Source: Ownwell