Lynwood, California Property Taxes
The median property tax rate in Lynwood, CA is 1.49%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Lynwood, the typical annual property tax bill reaches $666, which is significantly lower than the national median of $2,690. Property taxes in Lynwood are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lynwood'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 Lynwood 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
Lynwood, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.49%
Estimate Property Tax Bill
$716
$676
$1,148
Average Lynwood, California Tax Savings
Ownwell’s Lynwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lynwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lynwood 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 Lynwood. 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 Lynwood, California
Property taxes in Lynwood, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lynwood is 1.49%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Lynwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lynwood 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 Lynwood's effective property tax rate to other counties in California and the national median. For comparison, the 92321 zip code has the highest median property tax rate of 12.97%, while the 92311 zip code has the lowest median tax rate of 1.18%. Understanding how these cities compare with Lynwood 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 Lynwood Tax Rate
1.49%
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 Lynwood, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90262 | N/A | N/A | N/A | N/A | N/A |
| 92311 | 0.58% | 1.11% | 1.18% | 1.62% | 1.81% |
| 92321 | 12.97% | 12.97% | 12.97% | 12.97% | 12.97% |
Source: Ownwell
$1,148
Average Lynwood Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Lynwood, California
In Lynwood, 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 Appraisal District 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 Lynwood, 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 Lynwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area is $869 in the 92311 zip code, while the lowest is $287 in the 92321 zip code.
Average Lynwood Assessed Value
$48,040
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 Lynwood, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90262 | N/A | N/A | N/A | N/A | N/A |
| 92311 | $34,106 | $46,626 | $163,679 | $296,168 | $692,864 |
| 92321 | $2,216 | $2,216 | $2,216 | $2,216 | $2,216 |
Source: Ownwell
$1,148
Average Lynwood Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Lynwood, California
Property tax bills in Lynwood, San Bernardino County, CA, are calculated based on the assessed value of a property. The assessed value is determined by the county assessor and typically reflects a percentage of the property's market value. Factors such as location, size, and condition of the property are considered. The median home price in Lynwood is $48,040, and the property tax rate is influenced by various local levies and assessments. Homeowners in Lynwood can expect their tax bills to vary widely, with the 25th percentile at $395 and the 90th percentile reaching up to $3,174. These property taxes can significantly impact homeowners, especially those with higher assessments. Ownwell helps homeowners in Lynwood by providing property tax appeal and exemption services. Our experts analyze your property’s assessed value, identify discrepancies, and file appeals on your behalf, potentially lowering your tax bill. By leveraging our services, Lynwood homeowners can ensure they are not overpaying and can save substantially on their property taxes.
Average Lynwood Tax Bill
$666
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 Lynwood, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 90262 | N/A | N/A | N/A | N/A | N/A |
| 92311 | $466 | $706 | $869 | $2,769 | $3,401 |
| 92321 | $287 | $287 | $287 | $287 | $287 |
Source: Ownwell
$1,148
Average Lynwood 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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