Lake Elsinore, Riverside County, California Property Taxes
Median Lake Elsinore, CA effective property tax rate: 1.19%, significantly higher than the national median of 1.02%, but lower than the California state median of 1.21%.
Median Lake Elsinore, CA home value: $340,834
Median annual Lake Elsinore, CA tax bill: $4,322, $1,922 higher than the national median property tax bill of $2,400.
How are property taxes in Riverside County calculated?
Property taxes in Lake Elsinore, CA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Lake Elsinore’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lake Elsinore, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lake Elsinore, Riverside County, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.19%
Estimate Property Tax Bill
$4,056
$3,764
Property Tax Rates Across Lake Elsinore, Riverside County, California
Local government entities set tax rates, which can vary significantly within a state. Annually, each county estimates its required budget to provide essential services, dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Lake Elsinore, Riverside County, property tax rates are influenced by these local calculations. The effective property tax rate in Lake Elsinore reflects this process and can be compared to other cities in California, as well as the state and national medians. California's median property tax rate is slightly higher than the national median of 1.02%, indicating a more significant portion of property value is taxed compared to other states. Lake Elsinore's tax rates can vary within the city, with some areas seeing rates as high as 1.81% and others as low as 1.06%. Understanding these rates can help property owners anticipate their tax obligations and explore potential savings through appeals or exemptions.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Lake Elsinore Tax Rate
1.19%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Riverside County Tax Rate
1.26%
Median Effective California Tax Rate
1.21%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lake Elsinore, Riverside County, California
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
92530 | 0.99% | 1.02% | 1.06% | 1.36% | 1.90% |
92532 | 1.05% | 1.42% | 1.81% | 2.11% | 2.42% |
Source: Ownwell
Property Tax Assessment Values Across Lake Elsinore, Riverside County, California
When examining property taxes in Lake Elsinore, CA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Riverside County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Riverside County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Lake Elsinore. For example, the median home price in Lake Elsinore is $340,834, with tax bills ranging significantly across the county. Zip code 92532 has the highest median home price at $397,692.
Property Tax Assessment Values Across Lake Elsinore, Riverside County, California
Source: Ownwell

$13,036
$421,705
$830,374
Median Lake Elsinore Market Value
$340,834
Median Riverside County Market Value
$321,125
Median California Market Value
$378,421
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lake Elsinore, Riverside County, California
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
92530 | $91,754 | $175,607 | $295,213 | $414,489 | $512,249 |
92532 | $227,562 | $309,958 | $397,692 | $477,538 | $584,634 |
Source: Ownwell
Property Tax Bills Across Lake Elsinore, Riverside County, California
Property Tax Bills Across Lake Elsinore, Riverside County, California
Source: Ownwell

$159
$5,610
$11,060
Median Lake Elsinore Tax Bill
$4,322
Median Riverside County Tax Bill
$4,079
Median California Tax Bill
$4,683
Median United States Tax Bill
$2,400
Property Tax Bills Across Lake Elsinore, Riverside County, California
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
92530 | $976 | $1,855 | $3,182 | $5,284 | $8,049 |
92532 | $3,461 | $5,450 | $7,223 | $8,643 | $9,767 |
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 |