North Palm Springs, California Property Taxes
The median property tax rate in North Palm Springs, CA is 1.28%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in North Palm Springs, the typical annual property tax bill reaches $545, which is significantly lower than the national median of $2,690. Property taxes in North 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 North 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 North 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
North Palm Springs, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$562
$531
Ownwell’s North Palm Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Palm Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across North Palm Springs, California
Property taxes in North Palm Springs, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Palm Springs is 1.28%, significantly higher than the U.S. national median of 0.99%. Local government entities within North Palm Springs set these rates annually, and they can vary across different neighborhoods. Each year, North 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 North Palm Springs' effective property tax rate to other counties in California and the national median. For comparison, the 92258 zip code has the highest median property tax rate of 1.28%, while the same zip code also has the lowest median tax rate of 1.28%. Understanding how these cities compare with North 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 North Palm Springs Tax Rate
1.28%
Average Riverside County Tax Rate
1.26%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Palm Springs, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92258 | 1.07% | 1.17% | 1.28% | 1.32% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across North Palm Springs, California
In North 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 North 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 median home price in the area is $43,922, with tax bills ranging from $218 at the 25th percentile to $1,977 at the 90th percentile. Interestingly, the highest and lowest median tax bills are both $545 in the 92258 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 North Palm Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across North Palm Springs, California
Source: Ownwell
$3,614
$924,392
$1,845,170
Average North Palm Springs Assessed Value
$43,922
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 North Palm Springs, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92258 | $11,181 | $18,362 | $43,922 | $94,281 | $160,687 |
Source: Ownwell
Property Tax Bills Across North Palm Springs, California
In North Palm Springs, part of Riverside County, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the Riverside County Assessor and is typically a percentage of the property's market value. The median home price in this area is $43,922. Property tax rates are applied to this assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including the property's location, any applicable exemptions, and local tax rates. For instance, the 25th percentile tax bill is $218, while the 75th percentile reaches $1,148, and the 90th percentile can be as high as $1,977. These variations reflect differences in property values and applicable tax laws within the county. For homeowners, understanding these factors is crucial as property taxes represent a significant annual expense. Comparing this to the national median property tax rate of 0.99%, North Palm Springs homeowners might find their tax bills vary considerably based on their property's assessed value and applicable local tax rates.
Average North Palm Springs Tax Bill
$545
Average Riverside County Tax Bill
$4,079
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across North Palm Springs, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92258 | $114 | $218 | $545 | $1,148 | $1,977 |
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 |