RIVERSIDE – Strong demand for inland real estate led to a nearly 6% increase in property values in Riverside County going into 2020, according to Riverside County’s assessor-county clerk-recorder.
Peter Aldana, county assessor-county clerk-recorder, announced recently that the taxable value of all property in Riverside County for the current year grew to $320 billion, an $18 billion increase. This year’s tax roll – a list of all taxable property, its owner and its value as of Jan. 1 – will generate more than $3.2 billion for local government services.
“Since the tax roll is based on property values as of Jan. 1, we won’t see the impacts of COVID-19 until next year,” Aldana said. “Pre-COVID-19, our economy was growing and strong demand for Riverside County real estat