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

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 Coachella Today.

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.

City Q2 2024 Sales Q2 2024 Median Price Median tax 2024 Effective tax rate
Beaumont 80 $522,500 $3,547 0.7%
Homeland 4 $305,500 $2,192 0.7%
Mecca 2 $203,000 $1,421 0.7%
Rancho Mirage 164 $927,000 $5,290 0.6%
Coachella 19 $435,000 $2,730 0.6%
Palm Desert 477 $575,000 $3,170 0.6%
Thousand Palms 8 $330,000 $2,055 0.6%
Anza 2 $240,500 $1,537 0.6%
Lake Elsinore 134 $590,000 $2,693 0.5%
Indio 200 $522,500 $2,715 0.5%
La Quinta 295 $730,500 $3,478 0.5%
Murrieta 360 $670,000 $3,213 0.5%
Perris 104 $531,750 $2,683 0.5%
Cathedral City 102 $519,500 $2,575 0.5%
Temecula 177 $745,000 $3,361 0.5%
Desert Hot Springs 90 $385,000 $2,043 0.5%
Indian Wells 74 $1,577,500 $7,447 0.5%
Calimesa 7 $515,000 $2,410 0.5%
Menifee 177 $535,000 $2,818 0.5%
Bermuda Dunes 18 $587,000 $2,686 0.5%
Idyllwild-Pine Cove 29 $450,000 $2,120 0.5%
Wildomar 62 $658,500 $2,921 0.4%
Moreno Valley 286 $545,000 $2,067 0.4%
San Jacinto 103 $465,000 $1,795 0.4%
Hemet 285 $435,000 $1,775 0.4%
Norco 42 $882,500 $3,104 0.4%
Corona 399 $835,000 $3,505 0.4%
Banning 51 $380,000 $1,678 0.4%
Blythe 26 $221,250 $926 0.4%
Riverside 530 $640,000 $2,276 0.4%
Canyon Lake 46 $690,000 $3,078 0.4%
Palm Springs 222 $755,000 $3,106 0.4%
Nuevo 4 $595,250 $2,289 0.4%
Cherry Valley 6 $643,750 $2,259 0.4%
Aguanga 3 $570,000 $2,119 0.4%
White Water 3 $385,000 $1,209 0.3%
Rubidoux 14 $580,000 $1,813 0.3%
Mira Loma 15 $800,000 $2,580 0.3%
Cabazon 2 $316,000 $1,091 0.3%
Mountain Center 8 $882,500 $2,689 0.3%
Lakeland Village 10 $473,500 $1,376 0.3%


Related

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

Home sales in Riverside County in week ending Nov. 1

There were 30 reported residential sales in Riverside County in the week ending Nov. 1, according to BlockShopper.com.

Home sales during week ending Oct. 18 in Riverside County

Home sales during week ending Oct. 18 in Riverside County

There were two reported residential sales in Riverside County in the week ending Oct. 18, according to BlockShopper.com.

Riverside County home sales in week ending Oct. 11

Riverside County home sales in week ending Oct. 11

There was one reported residential sale in Riverside County in the week ending Oct. 11, according to BlockShopper.com.

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