City of Palm Desert
Principal Property Taxpayers
Current and Nine Years Ago
| 2025 |
| Taxpayer | Taxable Assessed Value | Percentage of Total City Tax Assessed Value |
|---|
| NEWAGE DesertSprings | $ 189,442,408 | 0.92% |
|---|
| Palm Desert Pacific Owner | 174,372,784 | 0.85% |
|---|
| WVC Rancho Mirage Inc | 163,796,678 | 0.80% |
|---|
| Gardens on El Paseo LLC | 150,740,424 | 0.73% |
|---|
| PRU Desert Crossing LLC | 112,032,649 | 0.54% |
|---|
| CC Cimarron LP | 74,278,088 | 0.36% |
|---|
| First American Trust | 67,469,751 | 0.33% |
|---|
| Walmart/Sams | 60,926,969 | 0.30% |
|---|
| Life Storage | 57,662,000 | 0.28% |
|---|
| Sunrise Spectrum | 56,497,656 | 0.27% |
|---|
| Total | $ 1,107,219,407 | 5.38% |
|---|
| 2016 |
| Taxpayer | Taxable Assessed Value | Percentage of Total City Tax Assessed Value |
|---|
| WEA Palm Desert | $ 147,691,936 | 1.07% |
|---|
| Marriott Desert Springs | 144,345,789 | 1.05% |
|---|
| WVC Rancho Mirage Inc | 103,564,856 | 0.75% |
|---|
| Gardens on El Paseo LLC | 103,104,377 | 0.75% |
|---|
| PRU Desert Crossing LLC | 88,086,771 | 0.64% |
|---|
| Monarch Sevilla Venture | 68,545,957 | 0.50% |
|---|
| Walmart Real Estate Business Trust | 59,504,429 | 0.43% |
|---|
| Marrakesh Comm Assoc | 54,218,195 | 0.39% |
|---|
| Segovia Operations | 48,872,670 | 0.35% |
|---|
| Sunrise Spectrum | 47,990,406 | 0.35% |
|---|
| Total | $ 865,925,386 | 6.28% |
|---|
Note: The estimated property tax revenue stated above is based upon net taxable values, tax ratios and base year values that impact the revenue calculation. As a result, parcels with the same assessed value that are assigned to different tax rate areas may contribute dissimilar amounts of total revenue to the City and Redevelopment Agency.
Source: HdL Coren & Cone thru Riverside County Assessor 22/23 and HdL Coren & Cone thru Riverside County Assessor 13/14