Bloomington, California Property Taxes
The median property tax rate in Bloomington, CA is 1.29%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Bloomington at $216,580, the typical annual property tax bill reaches $2,817, exceeding the national median of $2,690. Property taxes in Bloomington are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bloomington's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Bloomington or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bloomington, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
$1,272
$1,148
Average Bloomington, California Tax Savings
Ownwell’s Bloomington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bloomington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bloomington to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Bloomington. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Bloomington, California
Property taxes in Bloomington, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bloomington is 1.29%, significantly higher than the U.S. national median of 0.99%. Local government entities within Bloomington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bloomington estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Bloomington's effective property tax rate to other counties in California and the national median. For comparison, the 92316 zip code has both the highest and lowest median property tax rate of 1.29%. Understanding how these cities compare with Bloomington provides valuable insights into the varying tax landscape across San Bernardino County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bloomington Tax Rate
1.29%
Average San Bernardino County Tax Rate
1.20%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bloomington, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92316 | 1.14% | 1.25% | 1.29% | 1.37% | 1.53% |
| 92317 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,148
Average Bloomington Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Bloomington, California
In Bloomington, California, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the San Bernardino County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Bloomington, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in Bloomington is $216,580, with tax bills varying significantly. The 25th percentile tax bill is approximately $1,801, while the 75th percentile tax bill reaches around $4,249. The highest median tax bill is $2,817, found in the 92316 zip code, which also has the lowest median tax bill of $2,817. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Bloomington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bloomington Assessed Value
$216,580
Average San Bernardino County Assessed Value
$273,138
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bloomington, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92316 | $72,382 | $137,787 | $216,580 | $339,030 | $458,995 |
| 92317 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,148
Average Bloomington Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Bloomington, California
In Bloomington, San Bernardino County, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Bloomington is $216,580, and homeowners can expect tax bills ranging from $1,801 at the 25th percentile to $5,751 at the 90th percentile. The local property tax rate is higher than the national median rate of 0.99%, reflecting the region's specific tax policies and funding needs. Several factors influence a homeowner's tax bill, including property improvements, market trends, and local tax levies. High property taxes can place a significant financial burden on homeowners, affecting their monthly budgets and long-term financial planning. Ownwell assists homeowners in Bloomington by offering professional property tax appeal and exemption services. By accurately assessing property values and identifying potential errors or overvaluations, Ownwell can help reduce tax liabilities, ensuring homeowners pay only their fair share. This can result in substantial savings and greater financial peace of mind.
Average Bloomington Tax Bill
$2,817
Average San Bernardino County Tax Bill
$3,260
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Bloomington, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92316 | $957 | $1,801 | $2,817 | $4,249 | $5,751 |
| 92317 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
$1,148
Average Bloomington Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | December 2 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| San Bernardino Tax Assessor | |
| Website | pat.bhamaps.com |
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