Rancho Mirage, California Property Taxes
The median property tax rate in Rancho Mirage, CA is 1.36%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Rancho Mirage at $546,175, the typical annual property tax bill reaches $7,219, exceeding the national median of $2,690. Property taxes in Rancho Mirage 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 Rancho Mirage'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 Rancho Mirage 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
Rancho Mirage, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.36%
Estimate Property Tax Bill
$7,428
$7,015
Ownwell’s Rancho Mirage Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Rancho Mirage using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rancho Mirage to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities and plan your finances accordingly. For those interested in more detailed trends at a neighborhood level, further localized information is available below. Your property’s assessed value, determined by the county for tax calculations, takes into account any applicable exemptions, giving you a clear picture of your tax responsibilities.
Property Tax Rates Across Rancho Mirage, California
Property taxes in Rancho Mirage, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rancho Mirage is 1.36%, significantly higher than the U.S. national median of 0.99%. Local government entities within Rancho Mirage set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rancho Mirage 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 Rancho Mirage's effective property tax rate to other areas in Riverside County and the national median. For comparison, the 92270 zip code has the highest median property tax rate of 1.36%, while the same zip code also has the lowest median tax rate of 1.36%. Understanding how these cities compare with Rancho Mirage 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 Rancho Mirage Tax Rate
1.36%
Average Riverside County Tax Rate
1.26%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rancho Mirage, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92270 | 1.17% | 1.30% | 1.36% | 1.42% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Rancho Mirage, California
In Rancho Mirage, 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 Rancho Mirage, 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 Rancho Mirage helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 92270 has the median tax bill at $7,219, reflecting the local property values and tax rates.
Property Tax Assessment Values Across Rancho Mirage, California
Source: Ownwell
$3,614
$924,392
$1,845,170
Average Rancho Mirage Assessed Value
$546,175
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 Rancho Mirage, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92270 | $199,925 | $353,534 | $546,175 | $834,713 | $1,361,700 |
Source: Ownwell
Property Tax Bills Across Rancho Mirage, California
In Rancho Mirage, located in Riverside County, CA, property tax bills are calculated based on the assessed value of the property. The process begins with the county assessor determining the market value of the property, which is then assessed at a rate established by state law. In California, properties are typically assessed at 1% of their market value, plus any voter-approved local taxes and assessments. Several factors influence the final tax bill, including the property's market value, location, and any applicable exemptions or reductions. For instance, Rancho Mirage homeowners can expect a median home price of $546,175, which significantly impacts their tax obligations. Tax bills can vary widely, with the 25th percentile at $4,598 and the 75th percentile reaching $10,856. The highest median tax bill in the area is $7,219, all within the zip code 92270. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly affecting homeowners by contributing to the overall quality of life in the community.
Average Rancho Mirage Tax Bill
$7,219
Average Riverside County Tax Bill
$4,079
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Rancho Mirage, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92270 | $2,639 | $4,598 | $7,219 | $10,856 | $16,759 |
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 |