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SW Riverside News

Tuesday, October 15, 2024

Analysis: Riverside County effective property tax rates were lower than the national average in Q2

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Property owners in Riverside County paid 0.4% of the value of their homes in property taxes in the second quarter of 2024, which is less than 0.4 times the national average, according to the real estate analysis posted by SW Riverside News.

The median sales price of a Riverside County home in the second quarter of 2024 was $605,000, based on data from the 5,248 properties sold during that time. In 2024, the median tax bill for the county was $2,671, which is 0.4% of the median value of the homes that were taxed.

This is 0.4 times lower than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Riverside County real estate data showed homeowners in Beaumont, Homeland , and Mecca paid the highest rates.

The above article calculates the effective property tax rate for 2024 using estimated inflation values and 2021 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

The following table compares Beaumont with some other cities belonging to Riverside County by their median effective property tax rate, calculated using sales and property tax data from the second quarter of 2024.

CityQ2 2024 SalesQ2 2024 Median PriceMedian tax 2024Effective tax rate
Beaumont80$522,500$3,5470.7%
Homeland 4$305,500$2,1920.7%
Mecca 2$203,000$1,4210.7%
Rancho Mirage164$927,000$5,2900.6%
Coachella19$435,000$2,7300.6%
Palm Desert477$575,000$3,1700.6%
Thousand Palms8$330,000$2,0550.6%
Anza 2$240,500$1,5370.6%
Lake Elsinore134$590,000$2,6930.5%
Indio200$522,500$2,7150.5%
La Quinta295$730,500$3,4780.5%
Murrieta360$670,000$3,2130.5%
Perris104$531,750$2,6830.5%
Cathedral City102$519,500$2,5750.5%
Temecula177$745,000$3,3610.5%
Desert Hot Springs90$385,000$2,0430.5%
Indian Wells74$1,577,500$7,4470.5%
Calimesa7$515,000$2,4100.5%
Menifee 177$535,000$2,8180.5%
Bermuda Dunes 18$587,000$2,6860.5%
Idyllwild-Pine Cove 29$450,000$2,1200.5%
Wildomar62$658,500$2,9210.4%
Moreno Valley286$545,000$2,0670.4%
San Jacinto103$465,000$1,7950.4%
Hemet285$435,000$1,7750.4%
Norco42$882,500$3,1040.4%
Corona399$835,000$3,5050.4%
Banning51$380,000$1,6780.4%
Blythe26$221,250$9260.4%
Riverside530$640,000$2,2760.4%
Canyon Lake46$690,000$3,0780.4%
Palm Springs222$755,000$3,1060.4%
Nuevo 4$595,250$2,2890.4%
Cherry Valley 6$643,750$2,2590.4%
Aguanga 3$570,000$2,1190.4%
White Water 3$385,000$1,2090.3%
Rubidoux 14$580,000$1,8130.3%
Mira Loma 15$800,000$2,5800.3%
Cabazon 2$316,000$1,0910.3%
Mountain Center 8$882,500$2,6890.3%
Lakeland Village10$473,500$1,3760.3%

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