RIVERSIDE – (INT) – Riverside County’s annual assessment roll has reflected a 7-point-1 percent increase in property values. It was largely due to significant new construction.

The total valuation of 433-billion dollars included land, structures, fixtures, and personal property.

Home prices held steady, with the median Riverside County home price now at $618,000, according to Redfin. The resilience of the commercial and industrial sectors has also positively impacted the overall assessed value.

The assessment roll includes all locally assessable property within the county’s 28 cities and unincorporated areas.

Story Date: August 11, 2024