Romoland, California Property Taxes
The median property tax rate in Romoland, CA is 1.22%, slightly higher than both the national median of 0.99% and the California state median of 1.21%. With a median home value of $13,036 in Romoland, the typical annual property tax bill is $159, which is significantly lower than the national median of $2,690. Property taxes in Romoland are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Romoland'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 Romoland 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
Romoland, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$159
$148
Ownwell’s Romoland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Romoland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Romoland 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 Romoland, California
Property taxes in Romoland, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Romoland is 1.22%, significantly higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Romoland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Romoland 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 Romoland's effective property tax rate to other counties in California and the national median. For comparison, the 92585 zip code has both the highest and lowest median property tax rate of 1.22%. Understanding how these areas compare with Romoland 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 Romoland Tax Rate
1.22%
Average Riverside County Tax Rate
1.26%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Romoland, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92585 | 1.22% | 1.22% | 1.22% | 1.22% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Romoland, California
In Romoland, 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 Appraisal District 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 Romoland, 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 Romoland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Romoland, both at $159, are found in the 92585 zip code.
Average Romoland Assessed Value
$13,036
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 Romoland, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92585 | $13,036 | $13,036 | $13,036 | $13,036 | $13,036 |
Source: Ownwell
Property Tax Bills Across Romoland, California
In Romoland, Riverside County, CA, property tax bills are calculated based on the assessed value of the property, which is determined by the Riverside County Assessor's Office. The assessed value is typically a percentage of the market value of the home. Once the assessed value is established, the local property tax rate is applied to calculate the annual tax bill. In Romoland, the tax bill for homes falls within a consistent range, with the 25th, 75th, and 90th percentiles all at $159. This consistency in tax bills is notable when compared to the national median property tax rate of 0.99%, highlighting Romoland's relatively predictable property tax environment. Factors such as local government budgets, school funding needs, and public service requirements can influence the tax rate. For homeowners, understanding these factors and how they affect their annual tax bill is crucial for financial planning. Lower property tax bills can make homeownership more affordable, while higher bills can impact overall housing costs.
Average Romoland Tax Bill
$159
Average Riverside County Tax Bill
$4,079
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Romoland, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92585 | $159 | $159 | $159 | $159 | $159 |
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 |