92c321fa-d621-47ce-b065-8ed43bd0c13b_42026__City_of_Palm_Desert_ACFR_FS_Final_01292026-artifacted.pdf — PaddleOCR-VL (Baidu)

City of Palm Desert Assessed Value and Estimated Actual Value of Taxable Property Last Ten Fiscal Years

Fiscal Year Ended June 30	Residential Property	Commercial Industrial Property	Institutional Property	Vacant Land	Less: Tax Exempt	Total Taxable Assessed Value	Total Direct Tax Rate	Estimated Actual Taxable Value (1)
2025	15,739,123,263	3,474,602,770	82,728,637	310,232,390	*	-	20,682,159,347	1.00000
2024	14,806,817,526	3,268,784,947	77,828,213	291,855,799	*	-	19,457,053,253	1.00000
2023	13,770,177,817	3,039,934,131	72,379,384	271,422,690	*	-	18,094,846,015	1.00000
2022	12,816,062,846	2,919,685,840	67,899,671	254,623,765	*	-	16,974,917,677	1.00000
2021	12,277,100,484	2,872,316,290	65,652,944	279,025,011	*	-	16,413,235,941	1.00000
2020	11,781,804,552	2,771,257,791	63,343,035	300,879,417	*	(45,437)	15,835,758,806	1.00000
2019	11,231,546,199	2,675,659,205	62,224,633	373,347,796	(326,679,322)	15,556,158,170	1.00000	15,045,226,485
2018	10,757,283,204	2,554,854,761	59,762,684	388,457,449	(313,754,093)	14,940,671,116	1.00000	14,445,331,683
2017	10,555,732,091	2,434,816,656	58,318,962	379,073,252	(306,174,550)	14,579,740,457	1.00000	14,095,158,994
2016	10,174,360,142	2,358,860,033	56,840,001	412,090,006	(312,620,004)	14,210,000,198	1.00000	13,743,682,041

(1) Estimated Actual Taxable Value = Net Taxable Value

* Per HDL there was an artifact change in the Riverside County Assessors data that occurred primarily between 2018 and 2019, new vs old system differences, the few properties which are listed as having assessed value and being non-taxable are either new to the roll or are newly non-taxable for 2019.

Notes: Property Taxes in Riverside County are subject to the State of California's Proposition 13, Jarvis-Gann Initiative which allows reappraisals of real property only when there is a change in ownership or new construction takes place. Further, the proposition limits property assessment increase to no more than two(2%) percent annually. Property is assessed at one hundred percent (100%) of its fair market value at the time of new construction or change in ownership. The tax rate is one (1%) percent of the assessed value.

Source: Riverside County Assessor thru HDL Coren & Cone