County’s Annual Property Assessment Roll Decreases by 4.5 Percent; Declines for Big Bear Average 2.1 Percent

San Bernardino County, CA — San Bernardino County’s annual property assessment roll was signed by Assessor Dennis Draeger last week, and calculated a –4.5 percent net decrease in value for the nearly 820,000 parcels, totaling a value of nearly $163 billion, as compared to the assessment roll for the prior fiscal year. The Assessor’s office reviewed approximately 250,000 residential properties for decline in market value conditions and, ultimately, removed more than $4.6 billion in value from the County’s assessment roll which, for many taxpayers, will result in a savings of hundreds of dollars on their tax bills this year. Unincorporated areas of San Bernardino County saw an average decrease of –7.7 percent, while declines for the Big Bear area averaged –2.1 percent, per the office of the Assessor.