Property Tax Information

If you own property in the City of Corona or if you are responsible for the payment of a property tax bill, you should be aware of the following:

Assessed Valuation: The Riverside County Assessor assesses all property in the City of Corona on January 1 of each year. The value assessed on the property is subject to the ad valorem tax of 1% for the following fiscal year (July through June). An additional rate may be charged to pay principal and interest on voter approved debt. A change in ownership or the completion of new construction throughout the year will result in a change in the assessed value of the property and the issuance of a supplemental property tax bill. Your questions regarding assessed valuation should be directed to:
 
          Riverside County Tax Assessor
          4080 Lemon Street
          Riverside, CA 92501
          (951) 955-6200
 

Property Tax Collection: The Riverside County Tax Collector is responsible for the preparation and mailing of all property tax bills for the City of Corona. Property tax bills are based on a fiscal year of July through June, and are usually mailed to property owners beginning October 1. The first installment, or one-half, is due on or before December 10 and the second installment, or second half, is due on or before April 10. If these due dates are not met, a 10% penalty is assessed immediately. Your questions regarding property tax payments should be directed to:

          Riverside County Tax Collector
          4080 Lemon Street
          Riverside, CA 92501
          (951) 955-3900
 

Special Assessment Districts & Mello-Roos Financing: The City of Corona has several special assessment districts within its boundaries. These districts are formed at the request of the property owner (usually a developer) as a means of financing infrastructre. Bonds are sold and the money from the bonds is used to pay for the required infrastructure within the district. In turn, the property owner agrees to pay principal and interest to the bondholders via annual assessments levied on the property tax bill. The obligation to pay the bondholders remains with the property as a lien and is passed on to whomever owns the property. The bond issues related to these districts vary in size and term, as do the assessments. Your questions regarding special assessments should be directed to:

          City of Corona
          Finance Department
          400 South Vicentia Avenue
          Corona, CA 92882
          (951) 736-2451
 

The City also has several maintenance assessment districts that are billed on the regular property tax bills. With these assessments, the property owner is assessed their share of the costs incurred by the City in maintaining the districts for the purpose intended. The LMD 84-1 (Street Lighting) pays the electric bills for street lights and traffic signals. All properties in the City of Corona are assessed. The LMD 84-2 (Landscaping), CFD 97-1 and CFD 2001-1 have specific zones throughout the City. These assessments pass on the costs of maintaining any medians and/or easements dedicated by the developer. Your questions regarding maintenance assessments should be directed to:

          City of Corona
          City of Corona
          Public Works Department
          400 South Vicentia Avenue
          Corona, CA 92882
          (951) 736-2259