92880 Property Tax Rate

Property owners in ZIP code 92880 (Corona, California) pay a median of $8,614/year in property taxes on homes valued at $724,200. This translates to an effective tax rate of 1.19%, which is 71% above the California state average of 0.69%.

The monthly property tax burden for a median-valued home in 92880 is approximately $718, which factors into escrow payments on mortgages. This ZIP code is located within Riverside County. This is $3,714 more than the California average of $4,900/year.

Compared to similar ZIP codes in California, 92880 has higher property taxes. ZIP codes with similar effective rates include 95742 (1.19%) and 93545 (1.17%).

In Corona, property taxes represent approximately 5.7% of the median household income of $151,445, providing context for the relative tax burden on homeowners in this area.

Proposition 13 resets your Riverside County property tax base to the purchase price at closing, then limits annual increases to 2%; your tax burden is locked in at that purchase-price valuation. Riverside County offers a $7,000 Homeowners' Exemption — file with the Riverside County Assessor within 30 days of purchase to reduce your assessed value. Register with the Riverside County Assessor's office to claim your exemption and confirm your base year value in writing.