Thousand Palms, Riverside County, California Property Taxes

Name: Property Tax Bills Across Thousand Palms, Riverside County, California
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Thousand Palms, CA effective property tax rate: 1.57%, significantly higher than the national median of 1.02%, but lower than the California state median of 1.21%.
Median Thousand Palms, CA home value: $133,482
Median annual Thousand Palms, CA tax bill: $2,147, $253 lower than the national median property tax bill of $2,400.

How are property taxes in Riverside calculated?

Property taxes in Thousand Palms, CA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Thousand Palms’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Thousand Palms, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Thousand Palms, Riverside County, California Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.57%

Estimate Property Tax Bill

$2,096

$1,945

Ownwell’s Thousand Palms Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Thousand Palms with just two data points. By entering your property's estimated assessed value, our calculator applies Thousand Palms’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Riverside County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Thousand Palms, Riverside County, California

Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget annually to provide essential services and then dividing that by the total value of all taxable property within its jurisdiction. This process results in the property tax rate. Although votes and laws also play a role in setting tax rates and budgets, this is essentially the annual process. Thousand Palms in Riverside County, CA, has an effective property tax rate of 1.57%, which is significantly higher than the national median of 1.02%. This means homeowners in Thousand Palms may pay more in property taxes compared to the national average, potentially impacting their annual financial planning. By understanding these rates, property owners can better anticipate their tax liabilities and make informed decisions. Comparing Thousand Palms' property tax rate to other cities in California and the median property tax rates in the state and across the U.S. can provide valuable insights into local tax obligations.

Property Tax Rates Across Thousand Palms, Riverside County, California

Source: Ownwell

1.02%

1.54%

2.06%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Thousand Palms Tax Rate

1.57%

Median Effective Riverside County Tax Rate

1.26%

Median Effective California Tax Rate

1.21%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Thousand Palms, Riverside County, California

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
92276	1.29%	1.42%	1.57%	1.84%	2.23%

Source: Ownwell

Property Tax Assessment Values Across Thousand Palms, Riverside County, California

When examining property taxes in Thousand Palms, CA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Riverside County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Riverside County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Thousand Palms. For example, the median home price in Thousand Palms is $133,482, with tax bills ranging significantly across the county. 92276 has the highest median home price at $133,482.

Property Tax Assessment Values Across Thousand Palms, Riverside County, California

Source: Ownwell

$13,036

$421,705

$830,374

Median Thousand Palms Market Value

$133,482

Median Riverside County Market Value

$321,125

Median California Market Value

$378,421

Median United States Market Value

$235,294

Property Tax Assessment Values Across Thousand Palms, Riverside County, California

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
92276	$49,441	$78,627	$133,482	$213,282	$296,660

Source: Ownwell

Property Tax Bills Across Thousand Palms, Riverside County, California

In Thousand Palms, located in Riverside County, CA, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value. Riverside County has a median property tax bill of $2,147, which is slightly below the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $1,365 and the 90th percentile reaching $4,280. These variations depend on factors such as property location, size, and improvements. For homeowners, a higher tax bill can strain finances, especially if the property's assessed value is higher than its market value. This is where Ownwell can assist by providing property tax appeal services. By analyzing your property's assessed value and comparing it to similar properties, Ownwell can identify discrepancies and potentially lower your tax bill. Our expertise in navigating the appeals process ensures that homeowners pay only their fair share, ultimately leading to significant savings.

Property Tax Bills Across Thousand Palms, Riverside County, California

Source: Ownwell

$159

$5,610

$11,060

Median Thousand Palms Tax Bill

$2,147

Median Riverside County Tax Bill

$4,079

Median California Tax Bill

$4,683

Median United States Tax Bill

$2,400

Property Tax Bills Across Thousand Palms, Riverside County, California

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
92276	$968	$1,365	$2,147	$3,117	$4,280

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