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The City of Riverside has created several Assessments Districts
and Community Facilities Districts (CFD) that provide resources
for funding for specific services or the repayment of debt which
was used to construct infrastructure improvements. Annual assessment
and special tax amounts for these Districts are billed and collected
on the property tax bills issued by the County of Riverside.
The more significant Districts are the following:
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Street Light Assessment District: |
| The Street Light Assessment District provides funding for the
operation and maintenance of streetlights throughout the City.
The City Council holds an annual hearing to establish the annual
assessment amount. |
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Orangecrest and Mission Grove Community
Facilities District 86-1: |
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Bonds for the Orangecrest Community Facilities District funded
the construction of streets, utilities, landscape improvements
and a fire station. The Mission Grove Improvement area covers a
portion of the Orangecrest District. The special taxes will be
collected until the district bonds are repaid: 2016 for the Orangecrest
District and 2009 for the Mission Grove Area.
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Please note that Riverside Unified School District has established
several Community Facilities Districts that also encompass a portion
of this area. |
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Highlander Community Facilities District
90-1: |
| Bonds for the
Highlander Community Facilities District funded the construction
of streets, utilities, and landscape improvements. The special
taxes will be collected until the district bonds are repaid in
2016. A Landscape Maintenance Assessment District also exists in
the area that provides funding for the maintenance of parkway and
median landscaping. |
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Riverwalk Assessment District: |
| Bonds for the Riverwalk Assessment
District funded the construction of streets, utilities, and landscape
improvements. The assessments will be collected until the district
bonds are repaid in 2026. Several other Assessment and Community
Facilities Districts exist for commercial and industrial property.
Please contact the Finance Department at 951-826-5539 for additional
information. |