Riverside County Releases 2009-2010 Annual Plan. Read 'em & weep.

Real Estate Agent with 1st Action Real Estate


County Assessor/Clerk/Recorder Larry Ward has just released his 2009-2010 Annual Report and it's chock full of all kinds of exciting stuff - and some not so exciting.

I'll just tease you with a few details but for the full scoop you've got to follow the link at the bottom to find the details.

For example, did you know that:

  • The Riverside County tax roll value (before exemptions) dropped 10.51% last year - from $242.98 Billion to $217.44?

  • There are 500,292 single family residences in the County worth $120,318,983,044. They represent 57.54% of the tax base with an average value of $240,498?

  • 253,364 of those received a reduction in assessed value last year averaging $144,432 and a total of $36,593,784,694 was lopped off the tax rolls as a result? That's 15.44% of the total. 

  •  Indian Wells has 4 of the 5 largest homes in the county at 22,597; 20,499,; 19,188; and 18,404 SqFt. Palm Desert snuck in #2 at 20,667?

  • The Palm Desert place is assessed at $26,619,674 while the Indian Wells places are $16,611,951; 12,180,881; 11,935,337 and $11,736,743? (He doesn't say if they applied for a reduction in value last year).

  • There were 36,191 appeals last year, up from 12,330 in 2008 and 2,909 in 2007. Remember those days?

  • In Murrieta there were 19,113 homes re-assessed under Prop 8. Gross Value Assessment rolls dropped 14.92% from $11,885,525,613 to $10,112,353,803?

  • In Temecula there were 16,110 homes re-assessed. GVA dropped 11.33% from 13,537,557,997 to $12,003,546,129?

  • The top business in the County based on Business Personal Property was Abbott Vascular. International Rectifier came in at #14?

Well, there's a ton more great info available - the report runs to 40 pages of numbers, charts & graphs and a terrific summary of each of our cities. . You can find the whole shebang right here: Assessor/Clerk/Recorder 2009-2010 Annual Report.

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Gene Wunderlich

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