IE Business Daily Business news for the Inland Empire.
Riverside County is reporting $484 billion in taxable properties as of the start of this year, a 5.1 percent year-over-year increase.
The county’s 2026 assessment roll includes more than one million assessments of residential, commercial, industrial, agricultural, and business personal properties, according to a statement on the county’s website.
The assessment roll is the basis of the county’s property tax rates, providing the value base used to pay for schools, local governments, and special districts. It’s determined primarily by property transfers, construction, business property assessments.
Yearly adjustments for inflation based on Proposition 13 are also taken into account.
“Every assessment on the roll matters to property owners and the public agencies that rely on this information,” said Assessor-County Clerk-Recorder Peter Aldana in the statement. “Our goal is to administer the roll fairly, accurately, and consistently so that property owners can have confidence in the assessment process.”
With declining birth rates in California, we need to lower the tax rate to be what Hawaii has it at, 0.3%