Wildomar, California Property Taxes
The median property tax rate in Wildomar, CA is 1.04%, slightly above the national median of 0.99% but lower than the California state median of 1.21%. With a median home value of $343,120 in Wildomar, the typical annual property tax bill amounts to $3,654, surpassing the national median of $2,690. Property taxes in Wildomar are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Wildomar'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 Wildomar 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
Wildomar, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$3,568
$3,311
Ownwell’s Wildomar Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wildomar with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wildomar 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 Wildomar, California
Property taxes in Wildomar, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wildomar is 1.04%, slightly higher than the U.S. national median of 0.99%. Local government entities within Wildomar set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wildomar 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 Wildomar's effective property tax rate to other areas in Riverside County and the national median. For comparison, the 92584 zip code has the highest median property tax rate of 1.29%, while the 92595 zip code has the lowest median tax rate of 1.04%. Understanding how these cities compare with Wildomar 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 Wildomar Tax Rate
1.04%
Average Riverside County Tax Rate
1.26%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wildomar, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92584 | 1.24% | 1.26% | 1.29% | 1.32% | 1.33% |
| 92595 | 0.97% | 1.02% | 1.04% | 1.29% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Wildomar, California
In Wildomar, 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 Wildomar, 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 Wildomar is $343,120, with tax bills ranging from $2,262 at the 25th percentile to $8,016 at the 90th percentile. The highest median tax bill is $3,654 in the 92595 zip code, while the lowest is $466 in the 92584 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wildomar Assessed Value
$343,120
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 Wildomar, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92584 | $32,252 | $33,813 | $36,414 | $39,015 | $40,576 |
| 92595 | $124,780 | $225,065 | $343,146 | $469,244 | $591,221 |
Source: Ownwell
Property Tax Bills Across Wildomar, California
In Wildomar, located in Riverside County, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the Riverside County Assessor’s Office. The assessed value is typically a percentage of the market value, adjusted annually to reflect changes in the real estate market. Homeowners in Wildomar can expect their property tax rates to be influenced by various factors including the median home price, which stands at $343,120. Property taxes in Wildomar can vary significantly. For instance, the 25th percentile tax bill is approximately $2,262, while the 75th percentile tax bill can go up to $5,833. At the higher end, the 90th percentile tax bill reaches $8,016. The highest median tax bill within the area is $3,654 in the zip code 92595, whereas the lowest is $466 in the zip code 92584. These tax bills impact homeowners by contributing to local services such as schools, public safety, and infrastructure, making the community a better place to live.
Average Wildomar Tax Bill
$3,654
Average Riverside County Tax Bill
$4,079
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Wildomar, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92584 | $429 | $443 | $466 | $490 | $504 |
| 92595 | $1,263 | $2,262 | $3,654 | $5,833 | $8,017 |
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 |