Temecula, California Property Taxes
The median property tax rate in Temecula, CA is 1.23%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Temecula, the typical annual property tax bill reaches $5,675, exceeding the national median of $2,690. Property taxes in Temecula 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 Temecula'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 Temecula 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
Temecula, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$5,643
$5,330
Ownwell’s Temecula Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Temecula with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Temecula 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 Temecula, California
Property taxes in Temecula, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Temecula is 1.23%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Temecula set these rates annually, and they can vary significantly across different neighborhoods. Each year, Temecula 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 Temecula's effective property tax rate to other areas in Riverside County and the national median. For comparison, the 92590 zip code has the highest median property tax rate of 1.36%, while the 92589 zip code has the lowest median tax rate of 1.14%. Understanding how these cities compare with Temecula 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 Temecula Tax Rate
1.23%
Average Riverside County Tax Rate
1.26%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Temecula, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92589 | 1.14% | 1.14% | 1.14% | 1.14% | 1.14% |
| 92590 | 1.21% | 1.30% | 1.36% | 1.48% | 1.86% |
| 92591 | 1.06% | 1.17% | 1.23% | 1.33% | 1.47% |
| 92592 | 1.08% | 1.17% | 1.24% | 1.39% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Temecula, California
In Temecula, 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 Temecula, 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. For instance, the highest median tax bill in Temecula is $11,060 in the 92590 zip code, while the lowest is $160 in the 92589 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Temecula Assessed Value
$458,816
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 Temecula, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92589 | $14,040 | $14,040 | $14,040 | $14,040 | $14,040 |
| 92590 | $209,444 | $505,534 | $826,200 | $1,218,062 | $1,602,018 |
| 92591 | $231,300 | $321,464 | $447,800 | $584,342 | $728,887 |
| 92592 | $246,680 | $335,934 | $460,705 | $603,432 | $775,200 |
Source: Ownwell
Property Tax Bills Across Temecula, California
In Temecula, 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 property's market value. Homeowners in Temecula face varying tax bills depending on their property's value and location. For instance, the median home price in Temecula is $458,816, which influences the overall tax bill. Several factors contribute to the final tax bill, including local tax rates, property assessments, and any applicable exemptions. The tax bill can range significantly, with the 25th percentile at $4,037 and the 75th percentile at $7,587. For homes in the 90th percentile, the tax bill can reach up to $9,819. The highest median tax bill in the 92590 zip code is $11,060, while the lowest median tax bill in the 92589 zip code is $160. These property taxes play a crucial role in funding local services, such as schools, infrastructure, and public safety, directly impacting the quality of life for Temecula residents.
Average Temecula Tax Bill
$5,675
Average Riverside County Tax Bill
$4,079
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Temecula, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92589 | $160 | $160 | $160 | $160 | $160 |
| 92590 | $3,544 | $7,184 | $11,060 | $15,983 | $20,993 |
| 92591 | $3,012 | $3,968 | $5,347 | $7,006 | $8,730 |
| 92592 | $3,050 | $4,057 | $5,796 | $7,789 | $10,017 |
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 |