Bermuda Dunes, California Property Taxes
The median property tax rate in Bermuda Dunes, CA is 1.21%, which is considerably higher than the national median of 0.99%. With a median home value of $370,985, the typical annual property tax bill in Bermuda Dunes reaches $4,403, well above the national median of $2,690. Property taxes in Bermuda Dunes are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence exemption. Understanding Bermuda Dunes' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you’re in the heart of Bermuda Dunes 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
Bermuda Dunes, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$4,489
$4,239
Ownwell’s Bermuda Dunes Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bermuda Dunes with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bermuda Dunes 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 Bermuda Dunes, California
Property taxes in Bermuda Dunes, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bermuda Dunes is 1.21%, significantly higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Bermuda Dunes set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bermuda Dunes 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 Bermuda Dunes' effective property tax rate to other areas within Riverside County and the national median. For comparison, the zip code 92203 has the highest median property tax rate of 1.21%, while the same zip code also has the lowest median tax rate of 1.21%. Understanding how these cities compare with Bermuda Dunes 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 Bermuda Dunes Tax Rate
1.21%
Average Riverside County Tax Rate
1.26%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bermuda Dunes, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92203 | 1.15% | 1.19% | 1.21% | 1.25% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Bermuda Dunes, California
In Bermuda Dunes, 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 Bermuda Dunes, 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 Bermuda Dunes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $4,403 in the 92203 zip code.
Property Tax Assessment Values Across Bermuda Dunes, California
Source: Ownwell
$3,614
$924,392
$1,845,170
Average Bermuda Dunes Assessed Value
$370,985
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 Bermuda Dunes, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92203 | $165,359 | $244,878 | $370,985 | $540,300 | $765,549 |
Source: Ownwell
Property Tax Bills Across Bermuda Dunes, California
In Bermuda Dunes, property tax bills are determined based on the assessed value of the property, which is typically a percentage of the market value. The median home price in the area is $370,985, and this value plays a crucial role in calculating the tax bill. Homeowners in Riverside County can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is $2,866, which means that 25% of homeowners pay less than this amount. On the higher end, the 75th percentile tax bill is $6,385, and the 90th percentile reaches up to $8,973. These figures illustrate the range of property tax bills in Bermuda Dunes and how they can impact homeowners differently. Factors such as property improvements, neighborhood development, and local government budgets can also influence the assessed values and, consequently, the tax bills. Compared to the national median property tax rate of 0.99%, homeowners in Bermuda Dunes may find their tax obligations to be relatively higher or lower depending on the specific assessed value of their properties.
Average Bermuda Dunes Tax Bill
$4,403
Average Riverside County Tax Bill
$4,079
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Bermuda Dunes, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92203 | $2,031 | $2,866 | $4,403 | $6,385 | $8,973 |
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 |