Parker Dam, California Property Taxes
The median property tax rate in Parker Dam, CA is 1.26%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Parker Dam, the typical annual property tax bill reaches $442, which is significantly lower than the national median of $2,690. Property taxes in Parker Dam 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 Parker Dam'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 Parker Dam 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
Parker Dam, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$441
$409
$1,148
Average Tax Savings
Ownwell’s Parker Dam Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Parker Dam with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Parker Dam 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 Parker Dam. 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 Parker Dam, California
Property taxes in Parker Dam, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Parker Dam is 1.26%, which is higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Parker Dam set these rates annually, and they can vary significantly across different neighborhoods. Each year, Parker Dam 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 Parker Dam's effective property tax rate to other counties in California and the national median. For comparison, the 92267 zip code has the highest median property tax rate of 1.26%, while the 92242 zip code has the lowest median tax rate of 1.26%. Understanding how these cities compare with Parker Dam 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 Parker Dam Tax Rate
1.26%
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 Parker Dam, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92242 | 1.26% | 1.26% | 1.26% | 1.26% | 1.26% |
| 92267 | 1.25% | 1.26% | 1.26% | 1.28% | 1.30% |
Source: Ownwell
$1,148
Average Parker Dam Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Parker Dam, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Parker Dam, California. 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 Parker Dam, 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. For instance, the highest median tax bill in Parker Dam is $486 in the 92242 zip code, while the lowest median tax bill is $442 in the 92267 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Parker Dam Assessed Value
$35,000
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 Parker Dam, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92242 | $38,500 | $38,500 | $38,500 | $38,500 | $38,500 |
| 92267 | $14,000 | $18,625 | $35,000 | $60,338 | $85,500 |
Source: Ownwell
$1,148
Average Parker Dam Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Parker Dam, California
In Parker Dam, CA, property tax bills are calculated based on the assessed value of the property, which is determined by the San Bernardino County Assessor's Office. The assessed value is typically a percentage of the property's market value, and the tax rate is applied to this assessed value. The median home price in Parker Dam is $35,000, and the local tax rate is influenced by various factors, such as local government needs and voter-approved measures. Homeowners in Parker Dam face varying tax bills. For example, the 25th percentile tax bill is around $230, while the 75th percentile reaches $770, with the 90th percentile going up to $1,094. The highest median tax bill in the area is $486 in the 92242 zip code, while the lowest is $442 in the 92267 zip code. Ownwell helps homeowners in Parker Dam save on their property tax bills by providing expert property tax appeal and exemption services. By analyzing your property's assessed value and identifying potential discrepancies, Ownwell can help reduce your tax burden and ensure you are not overpaying.
Average Parker Dam Tax Bill
$442
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 Parker Dam, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92242 | $486 | $486 | $486 | $486 | $486 |
| 92267 | $167 | $230 | $442 | $773 | $1,097 |
Source: Ownwell
$1,148
Average Parker Dam 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 | November 30 |
| 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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