Page 217 - Moreno Valley 2025 Annual Financial Report

City of Moreno Valley

Assessed Value and Estimated Actual Value of Taxable Property
Last Ten Fiscal Years
(in thousands of dollars)

Fiscal Year Total Assessed and Taxable Assessed
Ended June 30 Secured Value Unsecured Value Estimated Full Value Less: Exemptions Value Direct Tax Rate

2016 $ 12,991,881 $ 486,350 $ 13,478,231 $ (256,756) $ 13,221,475 0.00173

2017 13,703,128 609,642 14,312,770 (265,286) 14,047,484 0.00172

2018 14,517,849 584,791 15,102,640 (273,025) 14,829,615 0.00169
2019 15,490,166 637,631 16,127,797 (360,916) 15,766,881 0.00166

2020 16,780,625 718,741 17,499,366 (494,977) 17,004,389 0.00162

2021 17,993,472 744,145 18,737,617 (525,363) 18,212,254 0.00155

2022 18,891,344 732,720 19,624,064 (416,160) 19,207,904 0.00152

2023 20,519,932 795,211 21,315,143 (433,258) 20,881,885 0.00153

2024 22,081,305 1,037,342 23,118,647 (446,203) 22,672,444 0.00156
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2025 23,271,313 1,105,029 24,376,342 (545,345) 23,830,997 0.00160

Notes:
In 1978 the voters of the State of California passed Proposition 13 which limited property taxes to a maximum rate of 1% based upon the assessed
value of the property being taxed. Each year, the assessed value of the property may be increased by an “inflation factor” (limited to a
maximum increase of 2%). With few exceptions, property is only reassessed at the time that it is sold to a new owner. At that point, the new assessed
value is reassessed at the purchase price of the property sold. The assessed valuation data shown above represents the only data currently available
with respect to the actual market value of taxable property and is subject to the limitations described above.

Source: City of Moreno Valley Financial and Management Services Department
Hdl Coren & Cone