Page 10 - 2023-25 Citizen's Guide to the Moreno Valley Budget
P. 10

REVENUES














        PROPERTY TAX


        The City’s FY2023/24 – 2024/25 Annual Budget addresses the priorities listed in the Momentum MoVal Strategic Plan.  While
        advancing these important priorities, the budget continues to reflect a strong fiscal balance that not only addresses our
        community’s priorities but does so by maintaining the fiscal stewardship that earned Moreno Valley recognition as one of
        the most fiscally strong cities in the nation.  Property taxes are the City’s largest revenue source and are received through the
        County’s allocation of taxes received.  The following provides a sample of how these taxes are allocated to all public agencies.




        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                      60.70%
         03-4201 Moreno Valley Unified School         0.09864      $289.74    Water And Other Services        14.74%
         68-5402 EMWD STDBY-Combined Charge      Fixed Charge     $25.00     County General                  13.47%
         68-5305 MWD Standby East                Fixed Charge       $6.94    City General Fund               11.09%
         68-4290 Moreno Valley FED Mandated NPDES  Fixed Charge   $123.96    Total                         100.00%
         68-4285 MV LMD 2014-02 Landscape        Fixed Charge     $170.10
         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     Property Tax
         68-3807 CFD 2004-6 ZN1 Moreno Valley USD  Fixed Charge  $3,383.14
         68-2491 CFD 1 Neighbor PK MNT MO VLY    Fixed Charge     $141.74    Taxable Assessed Value         $293,738
         68-1860 CSA 152-Moreno Valley Stormwater  Fixed Charge     $8.14    General Purpose Property Tax     1.00%
         68-1377 FLD CNTL Stormwater/Cleanwater  Fixed Charge       $3.74    Other Taxes                   0.12692%
         Totals                                      1.12692   $ 7,292.46    Fixed Charges                    $3,982
                                                                             Total Property Taxes             $7,292

                                                                             Distribution of General Purpose
                                                                             Property Tax
                                                                             County, Education. Other (88.91%)  $2,612
                                                                             City (11.09%)                     $326
                                                                             Persons per Household Density      4.20
                                                                             Tax Per Household Density          $78






        Citizens’Guide | 10
   5   6   7   8   9   10   11   12   13   14   15