Page 9 - Moreno Valley 204 PAFR

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PROPERTY TAX REVENUES
propErty taX in millions
The City’s most significant source of revenue is property tax paid by
its residents and businesses. Property taxes are largely determined
by the State of California but also include local (voter approved)
special taxes and any other county or city assessments. The County
of Riverside collects property taxes and disseminates the revenues to $38 $41 $43 $47 $52
various taxing agencies.
SALES TAX REVENUES How arE propErty
in millions taXES dEtErMinEd? FY 19/20 FY 20/21 FY 21/22 FY 22/23 FY 23/24
The County Assessor determines the value of your property, which
is based upon the cash or market value of your home at the time of
purchase. By law, this value increases no more than 2% per year until
the property is sold or any new construction is completed, at which
time it must be reassessed. After the Assessor has determined the
property value, the County Auditor-Controller applies the appropriate
tax rates. A typical California property tax bill consists of many taxes
$20 $26 $41 $36 $38 and charges, the largest of which is a 1% general tax levy charged
uniformly across the State.
SalES taX
FY 19/20 FY 20/21 FY 21/22 FY 22/23 FY 23/24
Sales tax collections generated the City’s second highest
STATE GENERAL FUND - STATE LOCAL REVENUE MORENO VALLEY revenue source in FY 23/24 at $37.8 million.
50% FUND - 20% GENERAL FUND -
Supports a wide variety of Supports various health and 13% Supports critical wHy SHopping loCally iS iMportant
programs, including K-12 social service programs such local services including
education, higher education, as probation, mental health, public safety and Sales tax is a vital source of revenue for the City,
health and criminal justice drug and alcohol, and foster infrastructure.
programs. care programs. used to pay for many critical public services, such as
COUNTY TRANSPORTATION STATE LOCAL PUBLIC emergency responders, law enforcement, infrastructure
FUNDS - 10% SAFETY FUNDS - 7% improvements and other government programs and
Supports traffic congestion Supports local public services. Shopping locally helps keep your tax dollars in
relief, traffic safety, and air safety programs.
quality improvement programs. your community, and ensures those dollars are reinvested
many times over in everything from police and roads to
trash pick-up and community programs.

wHErE doES My SalES taX go?
The sales tax rate inside the City limits of Moreno Valley is
7.75% of eligible sales. Of the 7.75%, 6% goes to the State
of California, with approximately 4% going to the State’s
General Fund and 2% going to State managed funds that
support local programs. The remaining 1.75% stays local,
with 1% supporting the City’s General Fund and 0.75%
supporting County of Riverside transportation funds.

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