Yermo, California Property Taxes
The median property tax rate in Yermo, CA is 1.13%, 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 Yermo at $71,688, the typical annual property tax bill is $761, which is notably below the national median of $2,690. Property taxes in Yermo are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Yermo'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 Yermo 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
Yermo, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$810
$752
$1,148
Average Tax Savings
Ownwell’s Yermo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Yermo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Yermo 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 Yermo. 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 Yermo, California
Property taxes in Yermo, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Yermo is 1.13%, which is higher than the U.S. national median of 0.99%. Local government entities within Yermo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Yermo 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 Yermo's effective property tax rate to other areas in San Bernardino County and the national median. For comparison, the 92307 zip code has the highest median property tax rate of 1.37%, while the 92398 zip code has the lowest median tax rate of 1.13%. Understanding how these areas compare with Yermo 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 Yermo Tax Rate
1.13%
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 Yermo, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92307 | 1.37% | 1.37% | 1.37% | 1.37% | 1.37% |
| 92398 | 0.90% | 1.07% | 1.13% | 1.26% | 1.50% |
Source: Ownwell
$1,148
Average Yermo Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Yermo, California
In Yermo, 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 Yermo, 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 Yermo is $762 in the 92398 zip code, while the lowest is $394 in the 92307 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 Yermo Assessed Value
$71,688
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 Yermo, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92307 | $28,700 | $28,700 | $28,700 | $28,700 | $28,700 |
| 92398 | $18,452 | $31,915 | $71,722 | $130,050 | $240,939 |
Source: Ownwell
$1,148
Average Yermo Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Yermo, California
In Yermo, located in San Bernardino County, CA, property tax bills are calculated based on the assessed value of your home, which is typically determined by the county assessor. The median home price in Yermo is $71,688, significantly lower than the national median. Property tax rates are applied to the assessed value, with the median tax bill in Yermo ranging from $394 to $762, depending on the specific zip code. Factors such as property improvements, market conditions, and local levy rates can influence the assessed value and, consequently, the tax bill. High property taxes can place a financial burden on homeowners, making it essential to ensure your property is not over-assessed. This is where Ownwell can help. Our property tax appeal services aim to reduce your tax bill by challenging over-assessments and securing exemptions where applicable. By leveraging our expertise, homeowners in Yermo can potentially save hundreds, if not thousands, on their property tax bills, ensuring they only pay their fair share.
Average Yermo Tax Bill
$761
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 Yermo, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92307 | $394 | $394 | $394 | $394 | $394 |
| 92398 | $246 | $390 | $762 | $1,290 | $2,601 |
Source: Ownwell
$1,148
Average Yermo 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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