Rise in property values to outpace property-tax increase for the average homeowner
Despite a nearly six percent overall increase in property value in Riverside County, 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 today that the taxable value of all property in Riverside County for the current year is $302 billion. This year's tax roll—a list of all taxable property, its owner and its value as of Jan. 1—will generate more than $3 billion for local government services.