Page 16 - Moreno Valley 2019 Popular Annual Financial Report

DISTRIBUTION OF GENERAL FUND REVENUES BY SOURCE
FY 14/15 FY 15/16 FY 16/17 FY 17/18 FY 18/19
Property Tax 32% 31% 33% 31% 31%
Sales Tax 19% 20% 19% 18% 19%
Utility Tax 19% 17% 16% 15% 14%
Charges for Services 11% 11% 12% 13% 12%
Other Taxes and Fees 11% 11% 11% 11% 11%
Other Revenues 7% 9% 9% 13% 13%

Total Revenue $84,494,238 $93,125,680 $95,087,633 $106,837,841 $112,290,853

PROPERTY TAX

The City’s most significant source of revenue is property tax paid by its residents and businesses. Property taxes are largely
determined by the State of California but also include local (voter approved) special taxes and any other county or city
assessments. The County of Riverside collects property taxes and disseminates the revenues to various taxing agencies.
HOW ARE PROPERTY TAXES DETERMINED?
The County Assessor first determines the value of your property, which is based upon the cash or market value of your
home at the time of purchase. By law, this value increases no more than 2% per year until the property is sold or any new
construction is completed, at which time it must be reassessed. After the Assessor has determined the property value, the
County Auditor-Controller applies the appropriate tax rates. A typical California property tax bill consists of many taxes and
charges, the largest of which is a 1% general tax levy charged uniformly across the State.

Sample Report
Sample Report From the Office of The Treasurer-Tax Collector Riverside County, California

Assessment Information (Report)
Description Value
Net Taxable Value $293,739.00

Taxing Agencies (Report)
Taxing Authority Tax Rate Taxes Levied
01-0000 General Purpose 1.00000 $2,937.38 Breakdown of 1%
04-5476 EMWD IMP DST U-22 0.01000 $29.38 General Purpose Property Tax
04-5301 MWD East 1301999 0.00350 $10.28
03-9101 Riverside City Community College 0.01478 $43.42 Education 58.92% $1,730.70
03-4201 Moreno Valley Unified School 0.09864 $289.74 Water And Other Services 16.83% $494.36
68-5402 EMWD STDBY-Combined Charge Fixed Charge $25.00 County General 13.30% $390.67
68-5305 MWD Standby East Fixed Charge $6.94 City General Fund 10.95% $321.64
68-4290 Moreno Valley FED Mandated NPDES Fixed Charge $123.96
68-4285 MV LMD 2014-02 Landscape Fixed Charge $170.10 Total 100.00% $2,937.38
68-4274 Moreno Valley CS ZN C Fixed Charge $9.00
68-4272 MV LMD 2014-01 Lighting Fixed Charge $23.00
68-4271 Moreno Valley CS ZNA Fixed Charge $87.50 Persons per Household Density 3.99*
68-3807 CFD 2004-6 ZN1 Moreno Valley USD Fixed Charge $3,383.14 CITY GENERAL FUND
68-2491 CFD 1 Neighbor PK MNT MO VLY Fixed Charge $141.74 REVENUES PER PERSON $81
68-1860 CSA 152-Moreno Valley Stormwater Fixed Charge $8.14 *United States Census Bureau 6/28/2019
68-1377 FLD CNTL Stormwater/Cleanwater Fixed Charge $3.74
Totals 1.12692 $ 7,292.46

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