What the County or Riverside, CA Bond for Payment of Taxes and Assessments is for
The agency that collects the tax or issues the permit usually asks for this bond. It guarantees the taxes or fees you collect or owe are paid on time.
The bond amount is set by the agency, utility or fund that asks for it. If the bond holder doesn't meet their obligations, a valid claim is paid up to that amount, and the bond holder repays the surety.
What the price depends on
The starting rate. A credit check and an underwriter's review set your final price, and you see it before you pay.