Indian Wells, California Property Taxes
The median property tax rate in Indian Wells, CA is 0.89%, which is lower than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Indian Wells at $416,347, the typical annual property tax bill reaches $3,720, significantly exceeding the national median of $2,690. Property taxes in Indian Wells 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 Indian Wells' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Indian Wells 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
Indian Wells, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$3,705
$3,499
Ownwell’s Indian Wells Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Indian Wells with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Indian Wells 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 Indian Wells, California
Property taxes in Indian Wells, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Indian Wells is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Indian Wells set these rates annually, and they can vary significantly across different neighborhoods. Each year, Indian Wells 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 Indian Wells' effective property tax rate to other counties in California and the national median. For comparison, the 92210 zip code has the highest median property tax rate of 0.89%, while the same zip code also has the lowest median tax rate of 0.89%. Understanding how these cities compare with Indian Wells 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 Indian Wells Tax Rate
0.89%
Average Sierra County Tax Rate
1.26%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Indian Wells, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92210 | 0.57% | 0.69% | 0.89% | 0.97% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Indian Wells, California
In Indian Wells, 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 Indian Wells, 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 Indian Wells helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Indian Wells are both $3,720, located in the 92210 zip code.
Property Tax Assessment Values Across Indian Wells, California
Source: Ownwell
$31,721
$629,076
$1,226,430
Average Indian Wells Assessed Value
$416,347
Average Sierra County Assessed Value
$186,631
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Indian Wells, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92210 | $153,858 | $252,292 | $416,347 | $442,716 | $458,537 |
Source: Ownwell
Property Tax Bills Across Indian Wells, California
In Indian Wells, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value typically starts with the market value of the home and can be influenced by factors such as recent sales prices of similar properties, improvements made to the property, and the overall condition of the home. The median home price in Indian Wells stands at $416,347. Homeowners in this area face property tax bills that can vary significantly. For instance, the 25th percentile tax bill is around $2,073, while those in the 75th percentile pay approximately $4,308. The 90th percentile tax bill reaches $4,661. Comparatively, the median property tax rate in Indian Wells is higher than the national median of 0.99%, reflecting the premium property values in the region. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Homeowners need to be aware of these factors as they can significantly influence their annual expenses.
Average Indian Wells Tax Bill
$3,720
Average Sierra County Tax Bill
$2,378
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Indian Wells, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92210 | $1,085 | $2,073 | $3,720 | $4,308 | $4,661 |
Source: Ownwell