PRESS RELEASE: San Bernardino County Assessment Roll Shows Historic All-Time High $288 Billion in Value

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***PRESS RELEASE***

San Bernardino County Assessment Roll Shows Historic All-Time High $288 Billion in Value

Chart depicts total assessment roll values for San Bernardino County from 1978 to present.

Chart depicts total assessment roll values for San Bernardino County from 1978 to present. To see assessment roll city re-cap information, visit: https://arc.sbcounty.gov/assessment-roll

 

San Bernardino, CA (July 5, 2022) – San Bernardino County Assessor-Recorder Bob Dutton announced the 2022 Annual Property Assessment Roll for San Bernardino County has been closed, signed and delivered to the County’s Auditor-Controller/Treasurer/Tax Collector. The assessment roll reflects the total assessed value of real, business, and personal property subject to taxation in San Bernardino County as of the previous lien date of January 1st. This roll contains a value of $288,579,483,759, which is a 9.3% net increase as compared to the 2021 Assessment Roll with continued residential and industrial construction adding to the increase.

“As County Assessor, my philosophy has been to ensure San Bernardino County property owners receive fair, accurate and timely valuations, and that all available tax saving exemptions and exclusion are applied,” said Assessor-Recorder Bob Dutton. “It is important to note that despite the increase in home prices seen throughout our county, most property owners will not see an equal rise in their property value assessments for tax purposes as a result of Proposition 13’s requirements. I would like to acknowledge and commend the employees of the Assessor’s division for their hard work and continued dedication which resulted in the timely completion and delivery of the assessment roll.”

Below is a recap of notable items accomplished:

  • 227,901 San Bernardino County Property Owners were provided the Homeowners’ Exemption saving them $15 million in property taxes.
  • 4,628 San Bernardino County disabled veterans qualified for the Disabled Veterans’ Exemption, equaling to over $6.6 million in property tax savings.
  • 4,477 welfare institutions such as schools, churches, museums, and non-profits, received over $97 million in property tax savings.
  • Notably, the City of Ontario has the highest assessed value at $36 billion, followed by the cities of Rancho Cucamonga ($32 billion), and Fontana ($26 billion).
  • Incorporated cities as a total are valued at $245 billion, a 9.3% increase.
  • Unincorporated areas are valued at $42 billion, a 9.3% increase.


California’s Proposition 13, passed by voters in 1978, requires county assessors to only reappraise a property to determine the fair market value for assessment purposes, also known as the “Base Year Value”, at the time of change of ownership, for new construction or when a property’s current market value is below its Base Year Value. Proposition 13 limits the growth of a property’s annual Base Year Value adjustment to no more than CCPI or 2%, whichever is lower. This annual valuation is then listed on the assessment roll and is used by the county’s Tax Collector to determine the general county tax levy, which is 1% of the Base Year Value, as mandated by Proposition 13.

In accordance with state law, county assessor property valuations are used to determine the general tax levy for property owners in a given county. This source of revenue is the most reliable source of funding that goes towards fundamental public services such as first responders, schools, libraries, and our parks, as well as other city and county services.

Assessed valuations should not be used as forecasts or be deemed as predictions of future property valuations. Annual assessment rolls are snapshots in time as of the previous lien date of January 1. Individuals wishing to see their personal assessed value may visit ARC’s website: arc.sbcounty.gov. The public can also call the Assessor’s toll-free number at 1-877-885-7654.

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