Woodside, California Property Taxes
The median property tax rate in Woodside, CA is 1.11%, which is higher than the national median of 0.99% but lower than the California state median of 1.21%. With a median home value in Woodside, the typical annual property tax bill reaches $24,970, significantly exceeding the national median of $2,690. Property taxes in Woodside 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 Woodside'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 Woodside 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
Woodside, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$24,894
$23,510
$1,148
Average Woodside, California Tax Savings
Ownwell’s Woodside Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Woodside with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Woodside 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 Woodside. 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 Woodside, California
Property taxes in Woodside, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Woodside is 1.11%, which is higher than the U.S. national median of 0.99%. Local government entities within Woodside set these rates annually, and they can vary significantly across different neighborhoods. Each year, Woodside 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 Woodside's effective property tax rate to other areas in San Mateo County and the national median. For comparison, the 94061 zip code has the highest median property tax rate of 1.25%, while the 94062 zip code has the lowest median tax rate of 1.11%. Understanding how these cities compare with Woodside provides valuable insights into the varying tax landscape across San Mateo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Woodside Tax Rate
1.11%
Average San Mateo County Tax Rate
1.26%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Woodside, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94061 | 1.17% | 1.20% | 1.25% | 1.45% | 1.58% |
| 94062 | 1.08% | 1.09% | 1.11% | 1.15% | 1.23% |
Source: Ownwell
$1,148
Average Woodside Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Woodside, California
In Woodside, 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 Mateo 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 Woodside, 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 example, the highest median tax bill in Woodside is $25,123 in the 94062 zip code, while the lowest median tax bill is $7,480 in the 94061 zip code. Being aware of these valuation processes in Woodside helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Woodside, California
Source: Ownwell
$310,349
$1,947,376
$3,584,402
Average Woodside Assessed Value
$2,242,664
Average San Mateo County Assessed Value
$685,382
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Woodside, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94061 | $268,899 | $391,876 | $596,839 | $993,786 | $1,231,955 |
| 94062 | $355,113 | $976,008 | $2,253,578 | $4,317,260 | $8,194,047 |
Source: Ownwell
$1,148
Average Woodside Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Woodside, California
In Woodside, located in San Mateo County, CA, property tax bills are calculated based on the assessed value of a home, which is typically determined by the market value at the time of purchase. The median home price in Woodside is $2,242,664, leading to significant property tax bills. The tax rate applied in this region is influenced by local levies and bonds, contributing to a range of tax bills. For instance, the 25th percentile tax bill is $11,164, while the 75th percentile reaches $47,913, and the 90th percentile soars to $89,186. These figures are notably higher compared to the national median property tax rate of 0.99%. Homeowners in Woodside can benefit immensely from Ownwell's property tax appeal and exemption services. By leveraging local expertise and a deep understanding of property assessments, Ownwell can help homeowners identify potential over-assessments and file successful appeals. This can lead to substantial savings, reducing the financial burden of high property taxes and ensuring fair property valuations.
Average Woodside Tax Bill
$24,970
Average San Mateo County Tax Bill
$8,692
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Woodside, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94061 | $3,972 | $5,287 | $7,480 | $11,755 | $14,320 |
| 94062 | $4,418 | $11,303 | $25,123 | $48,011 | $89,375 |
Source: Ownwell
$1,148
Average Woodside 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 Mateo Tax Assessor | |
| Website | county-taxes.net |
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