Moreno Valley, California Property Taxes
The median property tax rate in Moreno Valley, CA is 1.19%, which is notably higher than the national median of 0.99% but slightly below the California state median of 1.21%. With the median home value in Moreno Valley, the typical annual property tax bill amounts to $3,422, surpassing the national median of $2,690. Property taxes in Moreno Valley are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Moreno Valley'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 Moreno Valley 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
Moreno Valley, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$3,370
$3,183
Ownwell’s Moreno Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moreno Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moreno Valley 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 Moreno Valley, California
Property taxes in Moreno Valley, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moreno Valley is 1.19%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Moreno Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moreno Valley 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 Moreno Valley's effective property tax rate to other counties in California and the national median. For comparison, the 92555 zip code has the highest median property tax rate of 1.27%, while the 92557 zip code has the lowest median tax rate of 1.16%. Understanding how these cities compare with Moreno Valley 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 Moreno Valley Tax Rate
1.19%
Average Riverside County Tax Rate
1.26%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moreno Valley, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92551 | 1.12% | 1.17% | 1.21% | 1.32% | 1.65% |
| 92553 | 1.12% | 1.14% | 1.17% | 1.24% | 1.54% |
| 92555 | 1.11% | 1.15% | 1.27% | 1.73% | 2.05% |
| 92557 | 1.11% | 1.13% | 1.16% | 1.24% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Moreno Valley, California
In Moreno Valley, 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 Moreno Valley, 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 median home price is $283,219, with tax bills ranging from $2,288 at the 25th percentile to $6,707 at the 90th percentile. The highest median tax bill is $4,867 in the 92555 zip code, while the lowest median tax bill is $2,649 in the 92553 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Moreno Valley, California
Source: Ownwell
$3,614
$924,392
$1,845,170
Average Moreno Valley Assessed Value
$283,219
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 Moreno Valley, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92551 | $130,184 | $177,529 | $257,324 | $359,185 | $468,932 |
| 92553 | $119,718 | $157,176 | $220,324 | $321,657 | $415,583 |
| 92555 | $198,020 | $267,880 | $359,185 | $454,654 | $552,338 |
| 92557 | $150,895 | $205,347 | $292,253 | $393,872 | $494,057 |
Source: Ownwell
Property Tax Bills Across Moreno Valley, California
In Moreno Valley, property tax bills are calculated based on the assessed value of a home, which is determined by the Riverside County Assessor's Office. This assessed value is a percentage of the home's market value. Homeowners in Moreno Valley experience a range of property tax bills, with the 25th percentile at $2,288 and the 75th percentile at $4,739. The 90th percentile tax bill can reach up to $6,707. Factors influencing the tax bill include the property's assessed value, any applicable exemptions, and the local tax rate. The median home price in Moreno Valley is $283,219, which plays a significant role in determining the tax amount. Homeowners in the 92555 zip code face the highest median tax bill of $4,867, while those in the 92553 zip code encounter the lowest at $2,649. Compared to the national median property tax rate of 0.99%, Moreno Valley's tax rates reflect the local economic conditions and funding requirements for public services, impacting homeowners' financial planning and community investments.
Average Moreno Valley Tax Bill
$3,422
Average Riverside County Tax Bill
$4,079
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Moreno Valley, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92551 | $1,668 | $2,220 | $3,186 | $4,295 | $5,737 |
| 92553 | $1,453 | $1,895 | $2,649 | $3,798 | $4,832 |
| 92555 | $2,419 | $3,422 | $4,867 | $6,981 | $8,669 |
| 92557 | $1,788 | $2,443 | $3,438 | $4,581 | $5,895 |
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 |