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Property Values Report: Lake Elsinore, Wildomar Still Lag Behind Neighboring Cities

Southwest Riverside County’s numbers appear strong compared to the rest of the county, but Lake Elsinore, Wildomar and surrounding unincorporated area still fall behind.

Today the Assessor-County Clerk-Recorder announced that for the first time in three years, property values in Riverside County are relatively stable compared to the previous year.

Overall, the value of assessed property in Riverside County declined by less than 1 percent for fiscal year 2012-13, a $299 million reduction in the countywide assessment roll.  The roll for the fiscal year that begins July 1 closed with a total taxable value of $204.8 billion, relatively unchanged from $205.1 billion a year ago.

While Southwest Riverside County’s numbers appear strong compared to the rest of the county, Lake Elsinore, Wildomar and surrounding unincorporated area still show a lag.

According to the Assessor-County Clerk-Recorder figures released today, Lake Elsinore’s net taxable property values decreased by 2.28 percent for fiscal year 2012-13 compared to the previous year. Wildomar saw a 2.59 percent decrease for the same period, and surrounding unincorporated area dipped 3.77 percent.

The cities of Hemet, Canyon Lake and Temecula were the only Southwest Riverside Counties to see increases; the cities of Murrieta and Menifee both saw decreases below 1 percent. (See attached charts.)

Unincorporated area within Temecula’s sphere of influence was the only local Southwest Riverside County unincorporated area that saw an increase in value.

Overall, the housing market’s modest rebound over the last six months helped stabilize property values, Assessor-County Clerk-Recorder Larry Ward said. Other stabilizing factors include the decline in foreclosure-related activity –- which has helped to substantiate property values –- as well as slightly increased values for commercial properties, specifically apartments and mega-warehouses, Ward said.   

No community had a change in value greater than 5 percent. The cities with the largest percentage increase are Eastvale at 3.29 percent and Indian Wells at 2.93 percent. Cities with the largest percentage decreases are Coachella and Desert Hot Springs, with decreases of 4.92 percent and 4.80 percent, respectively. 

Under state law, temporary assessment reductions may be made based on a property’s value on Jan. 1 of each year. 

Ward said his office continues to review individual properties for potential reductions in value, which can affect property taxes. The review is a critical process in completing the assessment roll.

Beginning July 15, Riverside County online at www.riversideacr.com.  Properties can be searched by address or parcel number.  Value-notice letters will not be mailed this year but owners without access to the Internet can call the Assessor’s office at (951) 955-6200 to obtain the information.

Applications are due by Sept. 4 and are available at www.riversideacr.com.

Property owners disputing the value set by the Assessor’s office can file an appeal with the Riverside County Clerk of the Board between July 2 and Nov. 30. An application for changed assessment (appeal) is available on the Clerk of the Board’s website at www.rivcocob.com.

For more information, visit www.riversideacr.com or call (951) 955-6200 or toll free (800) 746-1544.

Diana July 03, 2012 at 12:43 AM
Ken: I have to disagree with you, when we purchased our home here in the early 90's we were deceived by our real estate agent. The promise of growth and returning this resort town to what it once was, was in the selling package. We were told that the property surrounding the Lake would be built with 5 star Hotels, state of the art boat launches and blah, blah, blah, blah. While I can respect your statement of "pack it up and leave", you have to know that it isn't all that easy for any one of us that have established roots for over 20 years, not to mention businesses. We have waited patiently as other towns around us have made road improvements, sidewalks, street lights, developed areas to accommodate those that are moving in and have listened to the residents in those areas needs and supplied those needs. Don't you think that it is odd that we don't even have a decent steak house to dine at? The only shopping facilities are Walmart and Target and a less then to be desired mall that claims to be a designer "outlet mall". I would bet that anyone that lives here would love to see roads that are 4 lanes, not pot holed and have proper street lighting.We are driving on the roads from the 30's. Are you not tired of looking at empty deserted fields that have been this way for years with no development? I love rural living as well as the next person but taking our tax dollars to adjacent towns to accommodate our needs is not helping this town or my property value.
Popeye July 03, 2012 at 01:33 AM
First you got to remove the Tea Baggers dragging the city down. Second, get some real tax payers that have real jobs. Lastly, promote your area as a gay community so you can bring up your property values...
Steve July 03, 2012 at 01:45 AM
Popeye, Diana and Major, excellent posts and spot on.
Cat July 03, 2012 at 02:01 AM
Diana, have you ever seriously thought about running for City Hall?
D A July 03, 2012 at 02:09 AM
Assessors tax roles are not a good indication of market trends in real estate. It is a good indication of what they tax revenues will be, but not marketing trends for homes values. For instance The median price for the first quarter this year vs last year, Elsinore is up almost 10%. Murrieta, Temecula and Wildomar were up between 3.- 6.7% increases in the same quarter. Inventories are very low and there are multiple offers on most homes. Elsinore has had the biggest gains in the first quarter but it also had the biggest loses when everything hit the fan.
Ken Mayes July 03, 2012 at 02:10 AM
Diana If you believed all the BS a real estate agent fed you, I have a bridge to sell you. When I moved out here I was looking for a parcel of land in a quiet area and found what I was looking for, for a number of years I did look at empty fields and it was great now I look at tract homes all the way around me and its still OK. Many of the cities you mention in longing for their amenities were around when you moved into the area, maybe that's where you should have moved instead of expecting the people who already lived here to change for you.
Cat July 03, 2012 at 02:15 AM
I think cities should be progressive & that change is inevitable.
kms July 03, 2012 at 02:18 AM
I know what will really bring our property values up? Let's open the flood gates to the little green shacks to dispense medical marijuana!! All the tax dollars we could bring in would do the job. What a joke that is!!! That is all this town needs. We have this to confirm what a horrible idea that would be.
Tonto July 03, 2012 at 03:14 AM
Tourism, tourism, and more tourism LOL
Cat July 03, 2012 at 03:17 AM
Tonto, R U tryin to give the Major a heart attack? lol
Ken Mayes July 03, 2012 at 05:00 AM
Cat Change is inevitable but it also must be properly planned. Take Lake Elsinore for example, you can't have an airport and off-road facility that you want to succeed and prosper and slap houses next to it. You can't build homes miles away from shopping centers without adequate roads to get there. Lastly you are not going to get the type of retailers you want when 1/2 the people leave for work before sun up and get home after dark.
Eric July 03, 2012 at 05:15 AM
Can wildomar still be annexed murrieta?
Cat July 03, 2012 at 05:32 AM
Ok then....have you ever thought about running for City Hall too? Your ideas seem good but someone has to put them into motion. Change might be inevitable but we can also direct it towards the good, don't you think?
crystal badham July 03, 2012 at 01:48 PM
I have lived in this town for 35yrs. There have been little improvements. But not enough to keep up w the surounding citys. What i would like to know is where does the money go? I am a Mom and my kids play Little League Baseball. And the baseball fields have been pretty much the same since i was little. Its embarasing to go to neighboring fields to play. The Popwarmer football and Thunder football fields are also a joke. When we are at Swick/Matich field playing baseball our kids play on fields w holes to where they could twist an ankle. We have even had several times where gang members stole the chalk n wrote their gang signs all over our field. And its right across from the police station. This town use to have pride in their youth and community. At one time the Olympic Torch went through here. I think its time to revamp the city council and get people in there who truley care about this town. Like not having buses for this up comi.g school yr. Where did the youth fall out of priority?
Ken Mayes July 03, 2012 at 02:05 PM
Cat All the individual ideas in the world will go nowhere as long as money is the deciding factor in the final decision. Politicians drool over the prospect of bringing in more, they use this accolade to move on up the ladder and out of the area. Developers same thing, they build what they can sell then move on. Most of these people are just visitors to the area. What is needed is someway using technology to involve the people that call these areas home to have more of the decision making in how their towns will look. A prime example of money talks and BS walks is the south post katrina, what got rebuilt was government buildings, major infrastructure, new home developments and businesses that generate tax revenue most of these paid for with government funds, all the old neighborhoods were largely forgotten and are still struggling to rebuild 7 years down the road.
Martha L. Bridges July 03, 2012 at 06:23 PM
Am afraid not, Eric. Murrieta was never interested in annexing ALL of Wildomar. They only wanted to take on the southern portion with new housing and retail development around the Clinton Keith area. While many of the people living in this area desired to be annexed into Murrieta, the people who wanted Wildomar to become a city fought like mad to defeat the idea. The lies and tactics they used to fight annexation engendered a great deal of disgust and bitterness, which is still with us today. I doubt it will dissipate and go away until the members of the city council who participated in those tactics are gone. Also, the County isn't interested in having us back. They supported Wildomar's incorporation because it made good financial sense to get the area off their books. Simply put, the Wildomar area was costing them more than the revenues it brought into the County. We need to do what is necessary to make the city work; to make it fiscally stable. That means giving up most or all of the pipe dreams and non-essential things we are currently overspending on - things that the current council are loath to give up.
Cat July 03, 2012 at 06:34 PM
Okay....thanks for the info Ken.
Diana July 03, 2012 at 08:22 PM
Ken: I do not expect anyone to "change" for me, what I do expect is to be able to go to the grocery store without the fear of my purse being stolen and panhandled by some very scarey looking people. I also would like to be able to mail a bill at the local postal annex without almost being car jacked, with that I would like to be able to park my vehicle on my own driveway without some guy trying to steal parts off of it. Change? Yes, we have over 35 low income apartment complexes/duplexes in our town, why I don't begrudge those having a place to live I do not like some of those that live there. Unless this town is cleaned up our property values will never go up, until the streets are brought up from the 1930's, our property value will never go up. Until those in charge install sidewalks, crosswalks, street lighting and what have you our property values will never go up and the town will remain stale. Broken street lights, abandoned homes, unsafe driving and walking conditions do nothing for our town but make it undesirable for anyone to want to move here. Main St. is not your charming quaint antique area, it is full of Mexican stores and people will not shop there. I don't make this stuff up, it comes from various sources and articles from others then myself.
Diana July 03, 2012 at 08:22 PM
CONT: Change for me, no, change for every property owner in this town, change for tourism and revenue for the town. Do we really want to stand by and watch Lake Elsinore fall further and further down the black hole that it is in. I am happy for you that you have found your piece of dirt to reside on and care nothing about anything else but that just doesn't work for me or many others.
James July 03, 2012 at 08:34 PM
Well I guest the people who evaluate what gets said on this site maybe very discremative , non open minded , or if your not a native to this area and haven't lived in so calif more than 50yrs. don't know squat...
Ken Mayes July 03, 2012 at 11:34 PM
Diana I have got to laugh, you state that you moved here in the 90's and it sounds like you are shopping somewhere in Elsinore. The scary people you talk about were around when I moved out here in the 80's, could be why I moved to Wildomar. As for all the niceties such as sidewalks, street lights, crosswalks, neighborhood parks, a bustling downtown both my wife and I grew up in a communities that had all those things I from Santa Ana, she from South Gate look at them today, cities age and things change sometimes not for the better, although they are still vibrant communities in their own way. As for the Hispanic population in the area you have to remember they do pre-date the Anglo population and for the most part are on the lower end of the economic scale as they worked for primarily Anglo farm owners. You comments remind me of the neighborhood I grew up in, my parents being white middle class purchased a home in an all white neighborhood, within 2 years of moving in every single white family took flight because one black family moved in, some of these people left in the middle of the night. My mother and father lived in that house until they died and my sister still lives there, its was and in some ways will always be home. You talk about your house not increasing in value which make it an investment for a return, not home.
Ken Mayes July 03, 2012 at 11:44 PM
Martha As I recall it Murrieta really wasn't interest in annexing any of Wildomar. I was the people in the new tract homes on the east side along with Windsong that wanted to be annexed because none of the hype about the community college and regional park came to be. The county even tried to have the rest of Wildomar declared a blighted area. Maybe we should have let them go and the rest of us could have stayed in the county. The services provided by the county were no worse and in some cases better than what we have now.
Diana July 04, 2012 at 12:38 AM
Ken, of course I shop in Lake Elsinore that is where I live and I misunderstood that I thought you resided here as well. Without you living in the Lake Elsinore area you have no idea what I refer to, it was nice chatting with you though, have a great 4th of July Holiday.
Eric July 04, 2012 at 02:46 AM
Can someone please tell me if there is any chance of murrieta annexing wildomar. that would clean this place up overnight. there are rule places in murrieta that are very nice. we don't need sidewalks, we just need people to clean up their junk. if that were to take place, younger working families might want to move here.
Roberto July 04, 2012 at 04:50 AM
Murrieta wanted to annex (cherry pick) most of Wildomar but the folks rejected this option. Cityhood was the predominate option thus the city of William Donald & Margaret. Any option is usually there but at this point in the game, Wildomar will stay a city and who knows, may one day have a sphere of influence over Lakeland Village which incidently is in a contigious RDA with SEDCO (South Elsinore Devrlopment Company) an are wholly within Wildomar. Unfortunately for Lakeland Village, they are currently in the City of Lake Elsinore's sphere of influence and would fight any annexation attempt to the finish as this would be a hostile inhabited annexation attempt.
Diana July 04, 2012 at 05:06 AM
look up Eric to Marthas post she will answer your question.
jodi pesicka July 04, 2012 at 06:21 AM
I moved to WIndmill farms in wildomar in the mid 80's when they were built. I moved here from Cypress. We have a half acre no sidewalks no streetlights and i love it! You can sit in your yard at night and actually see the stars. When we moved here there was less than 10,000 people, no mall in temecula, very few restaurants so i have seen growth. Some in our town some in surrounding areas. I moved here for the quiet life and personally do not want too much growth. I have a disabled daughter who is in a wheelchair and it would be nice to have sidewalks along the busier streets so could go for walks without fear of being ran over or bike lanes so i could pull her in her bike trailer but I knew this when i moved here. Why should we have to give up our quiet lives for people that move here and want all the amenities of the city. They should of bought in the city instead of trying to change a community. I know that some change needs to take place for the city to survive but I moved away from Orange County for a reason. I totally understand your frustration with the crime. I actually lived off mountain and lake street before i bought this house and I know how bad four corners area is but that is why we did not buy there.
Ken Mayes July 04, 2012 at 02:25 PM
Well said.
Martha L. Bridges July 04, 2012 at 04:11 PM
Yes, indeed, very well said Jodi. Many of us moved out here to Wildomar years ago knowing that there were few amenities, including stores, shopping centers, and services. We were willing to do without these things in our local community in exchange for the semi-rual environment, the peace and quiet and the feeling of connectivity that cames with a small community. Certainly some development has been welcomed by most people, but the current city council and their ever-so-friendly developers want to change Wildomar into something it was never intended to be - a gold mine of poor, rapid development to provide the profits they all have their hearts set on making. One of my chief concerns is that along with incorproation came a group of investors and developers who wanted to convert Wildomar to something similar to what they had left behind in Orange County, San Diego or Los Angeles. You know, the very things that we wanted to escape from having to contend with...
Ken Mayes July 04, 2012 at 07:08 PM
Think closer to home Martha. Temecula and Murrieta are traffic nightmares for large parts of the day with Lake Elsinore and Wildomar close behind. Crime is also on the increase in both Temecula and Murrieta as the towns age. Sure they have parks and sidewalks but they also have ever increasing taxes and fees to pay for them. The people that complain about the lack of these services locally chose to move here because they did not want to pay the high prices of homes, taxes and fees figuring they would just magically appear for free if they complain loud enough.

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