Rise in property values to outpace property-tax increase for the average homeowner
Despite an overall increase in property values of more than 6 percent, the average owner will not see a commensurate increase in property taxes. All sectors of Riverside County's real estate market grew in the fiscal year that ended June 30. Assessor-County Clerk-Recorder Peter Aldana announced that the taxable value of all property in Riverside County for the current year is $286 billion. This year's tax roll will generate more than $2.8 billion for local government services.