Lake Arrowhead, California Property Taxes
The median property tax rate in Lake Arrowhead, CA is 1.12%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Lake Arrowhead at $426,523, the typical annual property tax bill reaches $4,676, far exceeding the national median of $2,690. Property taxes in Lake Arrowhead are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence exemption. Understanding Lake Arrowhead'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 Lake Arrowhead or another part of San Bernardino County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lake Arrowhead, 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 Lake Arrowhead, California Tax Savings
Ownwell’s Lake Arrowhead Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lake Arrowhead with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lake Arrowhead 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 Lake Arrowhead. 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 Lake Arrowhead, California
Property taxes in Lake Arrowhead, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lake Arrowhead is 1.12%, which is higher than the U.S. national median of 0.99%. Local government entities within Lake Arrowhead set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lake Arrowhead 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 Lake Arrowhead's effective property tax rate to other areas in San Bernardino County and the national median. For comparison, the 92391 zip code has the highest median property tax rate of 1.22%, while the 92352 zip code has the lowest median tax rate of 1.12%. Understanding how these areas compare with Lake Arrowhead 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 Lake Arrowhead Tax Rate
1.12%
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 Lake Arrowhead, California
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
92317 | 0.79% | 1.03% | 1.18% | 1.29% | 1.48% |
92321 | 1.10% | 1.11% | 1.13% | 1.15% | 1.16% |
92352 | 1.04% | 1.09% | 1.12% | 1.20% | 1.45% |
92382 | N/A | N/A | N/A | N/A | N/A |
92385 | 1.11% | 1.13% | 1.16% | 1.19% | 1.21% |
92391 | 1.22% | 1.22% | 1.22% | 1.22% | 1.22% |
Source: Ownwell
$1,148
Average Lake Arrowhead Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Lake Arrowhead, California
In Lake Arrowhead, 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 Lake Arrowhead, 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. 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 Lake Arrowhead helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Lake Arrowhead, the zip code 92385 has the highest median tax bill at $5,972, while the zip code 92391 has the lowest median tax bill at $2,475.
Property Tax Assessment Values Across Lake Arrowhead, California
Source: Ownwell
$1,991
$441,711
$881,430
Average Lake Arrowhead Assessed Value
$426,523
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 Lake Arrowhead, California
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
92317 | $196,900 | $221,519 | $266,552 | $402,432 | $590,573 |
92321 | $263,473 | $308,766 | $384,255 | $509,450 | $584,566 |
92352 | $178,267 | $278,770 | $426,544 | $640,340 | $960,257 |
92382 | N/A | N/A | N/A | N/A | N/A |
92385 | $476,697 | $489,605 | $511,118 | $532,630 | $545,538 |
92391 | $203,425 | $203,425 | $203,425 | $203,425 | $203,425 |
Source: Ownwell
$1,148
Average Lake Arrowhead Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Lake Arrowhead, California
In Lake Arrowhead, San Bernardino County, CA, property tax bills are calculated based on the assessed value of a home, which is often a percentage of the market value. The median home price in the area is $426,523, and homeowners can expect property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $3,301, while the 75th percentile reaches up to $6,694. At the 90th percentile, homeowners might face tax bills as high as $9,737. Several factors influence these tax bills, including property location, local tax rates, and any applicable exemptions. Higher property values generally lead to higher tax bills, impacting homeowners' annual expenses. Ownwell offers a solution by providing property tax appeal and exemption services, potentially lowering your tax bill. With expert knowledge of local tax regulations and market conditions, Ownwell can identify discrepancies in assessed values and help you secure the exemptions you qualify for, ensuring you pay only your fair share.
Average Lake Arrowhead Tax Bill
$4,676
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 Lake Arrowhead, California
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
92317 | $2,831 | $2,870 | $3,174 | $3,725 | $4,209 |
92321 | $3,039 | $3,532 | $4,353 | $5,653 | $6,434 |
92352 | $2,362 | $3,302 | $4,679 | $6,694 | $9,745 |
92382 | N/A | N/A | N/A | N/A | N/A |
92385 | $5,314 | $5,561 | $5,972 | $6,383 | $6,630 |
92391 | $2,475 | $2,475 | $2,475 | $2,475 | $2,475 |
Source: Ownwell
$1,148
Average Lake Arrowhead 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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