Property taxes are an important part of owning a home. Buyers should also learn about property taxes when purchasing property. Knowing how the county calculates taxes and where your money goes can help you plan better and avoid surprises. This guide will help you understand property taxes in Riverside County and how to manage them.

The Basics of Property Taxes in Riverside County

How Property Taxes Work in Riverside County

Riverside County sets property taxes at 1.25% of the property's assessed value. The assessed value starts at the purchase price, and then the assessor uses inflation to guide future assessments. However, California has a 2% cap on annual increases to assessed value.

If you buy a home for $500,000, your property tax would be…

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Palm Springs has always been a hot spot for homeowners and investors. This desert getaway's sunny skies, mountain views, and iconic design blend for a luxurious lifestyle. Mid-century modern, known for its clean lines, open spaces, timeless appeal, and investment potential, is the most recognizable architectural style in Palm Springs. Here are some examples of what makes this design stand out.

Top Reasons for Buying a Mid-Century Modern Home

Timeless Appeal

Mid-century modern homes have an iconic look that never goes out of style. Their simple lines, open layouts, and large windows are stylish and inviting. They often feature wood, stone, and glass for a warm, natural feel. These stunning homes crafted by legends like Richard Neutra and Albert…

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Buying a home is a big deal, and it's natural to have questions—especially in a unique place like Palm Springs. A little extra research upfront can make a huge difference in avoiding surprises later. Knowing the basics can save time, money, and stress, whether it's your primary address or a second property. Let's dive into some common FAQs for buying a home in Palm Springs.

Greater Palm Springs Real Estate Market Watch

As of October 2024, homes in Palm Springs took a median of 61 days to sell. However, local real estate trends are always changing. Contact Geoffrey Moore for help buying and selling homes in the Palm Springs area.

FAQs for Buying a Home in Palm Springs

How much can I afford?

Don't just focus on the price tag. Consider your…

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Are you a first-time homebuyer in Greater Palm Springs? You might be in for some good news! If you've been dreaming of owning a home in the Coachella Valley, Palo Verde Valley, or Idyllwild, you're in luck! There's now some financial help available for down payments, making settling down in these areas a little easier. It is a program for down payment assistance to first-time homebuyers in the Greater Palm Springs real estate market. With this support, ownership is within reach for more people, and we think that's exciting!

Read on to learn more about this assistance program and what it could mean for you.

Greater Palm Springs Real Estate Market Watch

Approximately 99 homes sold in Palm Springs during August of 2024. However, local real estate…

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As the years go by, retirement is an inevitable stage of life that most people look forward to. After several years of hard work, saving for retirement is crucial to achieving a comfortable and enjoyable lifestyle for your golden years. And what better way to spend them than in the beautiful city of Palm Springs? Let's explore why you must buy a condo in Palm Springs!

5 Reasons To Buy A Condo In Palm Springs for Your Retirement

Abundance of Sunlight

If you're a retiree looking for an energetic and sunny spot to spend your golden years, Palm Springs is the place to be! You can enjoy various outdoor activities and dining experiences with its warm weather and sunshine. Warm weather throughout the year makes it perfect for retirees to enjoy outdoor…

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There are few places with a history of mid-century modern homes like Palm Springs. Its connection to the design style makes Palm Springs' mid-century modern homes attractive. Many of the pioneers of this style did some of their best work in the area.

Finding the right one can be difficult with so many mid-century modern homes in Palm Springs. This post will cover a few things to consider when looking for a mid-century modern house in Palm Springs.

Finding Palm Springs Mid-Century Modern Homes

Types of Homes

You are probably familiar with the features of mid-century modern homes if you are reading this. However, there are different types of homes within the style. For example, you have ranch homes and raised ranch designs. There are also…

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Palm Springs is an attractive place to live. The weather is excellent, and the community is pleasant. People also love the unique architecture in the Palm Springs area. While owning a home is great, some might enjoy vertical living in Palm Springs. The apartments and condos in Palm Springs have a lot to offer.

While vertical living can be nice, it might be an adjustment for some people. This post will cover some things you need to know about vertical living in Palm Springs.

Tips for Vertical Living in Palm Springs

Learn the Rules of the Building

Whether it's a condo or an apartment, your building will have rules. There will be rules about parking, noise, the use of shared spaces, and more. There may even be rules concerning the process of…

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Palm Springs real estate is attractive to all sorts of buyers. People want to move here for the pleasant weather and world-class amenities. Investors also love the Palm Springs area because the market tends to be strong. However, you might wonder if now is a good time to sell or buy a home in Palm Springs.

Palm Springs is often a sellers’ market. Home prices tend to hold strong or increase over time. Even when prices go down, it is usually temporary. If you hold the real estate long enough, you should be able to turn it around for a profit. For buyers, that usually means the earlier you can buy, the better.

There are times when the market can favor buyers or sellers. However, there is more to it than the general state of the market. Various trends…

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Anyone paying attention to the housing market will have heard the recent predictions of a market correction. With interest rates increasing and prices decreasing, it has been the subject of much speculation. Many economists believe there is already a market correction underway nationally.

Just because the national market is in correction doesn't mean every regional market is also. A market like Palm Springs is unique, as not only is it a very desirable place to live, it's also a popular tourist destination. This post will cover a few points that indicate whether the Palm Springs housing market is in correction.

Signs of Palm Springs Housing Market Correction

Days on the Market

The number of days homes sit on the market can indicate where the…

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view of palm springs, california from simonetta kennett viewpoint

OK, it’s not really invisible.

But it is a map that won’t appear on Google Maps or your nav system. And it is a map you’ll want to refer to when looking for Palm Springs real estate.
We’re talking about a map indicating where the fee simple and lease land is in Palm Springs and the surrounding area. People searching for homes to buy in Palm Springs may be unfamiliar with the concept, that is, the difference between fee simple (or just plain “fee”) and lease land because they come from someplace with only fee land.

And it’s confusing because fee land sounds like you have to pay a “fee.” But it’s lease land where you need to make a (usually) monthly payment, basically like rent, because you don’t own the land your home sits on; you lease it. 

…

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