Broadmoor Vlg, California Property Taxes
The median property tax rate in Broadmoor Vlg, CA is 1.30%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Broadmoor Vlg at $932,662, the typical annual property tax bill reaches $12,084, significantly exceeding the national median of $2,690. Property taxes in Broadmoor Vlg are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence exemption. Understanding Broadmoor Vlg'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 Broadmoor Vlg or another part of San Mateo County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Broadmoor Vlg, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$12,125
$11,451
$1,148
Average Broadmoor Vlg, California Tax Savings
Ownwell’s Broadmoor Vlg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Broadmoor Vlg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Broadmoor Vlg 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 Broadmoor Vlg. 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 Broadmoor Vlg, California
Property taxes in Broadmoor Vlg, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Broadmoor Vlg is 1.30%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Broadmoor Vlg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Broadmoor Vlg 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 Broadmoor Vlg's effective property tax rate to other counties in California and the national median. For comparison, the 94015 zip code has the highest median property tax rate of 1.30%, while the same 94015 zip code also has the lowest median tax rate of 1.30%. Understanding how these cities compare with Broadmoor Vlg 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 Broadmoor Vlg Tax Rate
1.30%
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 Broadmoor Vlg, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94015 | 1.30% | 1.30% | 1.30% | 1.30% | 1.30% |
Source: Ownwell
$1,148
Average Broadmoor Vlg Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Broadmoor Vlg, California
In Broadmoor Vlg, 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 Appraisal District 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 Broadmoor Vlg, 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. Being aware of these valuation processes in Broadmoor Vlg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $932,662, with the highest and lowest median tax bills both reported at $12,084 in the 94015 zip code.
Property Tax Assessment Values Across Broadmoor Vlg, California
Source: Ownwell
$310,349
$1,947,376
$3,584,402
Average Broadmoor Vlg Assessed Value
$932,662
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 Broadmoor Vlg, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94015 | $932,662 | $932,662 | $932,662 | $932,662 | $932,662 |
Source: Ownwell
$1,148
Average Broadmoor Vlg Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Broadmoor Vlg, California
In Broadmoor Vlg, San Mateo County, CA, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. The median home price in this area is $932,662, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property improvements and market trends can influence the assessed value, thereby affecting the tax bill. Homeowners in Broadmoor Vlg face a median property tax bill of $12,084, which is significantly higher than the national median property tax rate of 0.99%. Ownwell can help homeowners in Broadmoor Vlg save on their property tax bills by providing professional property tax appeal and exemption services. Our experts analyze your property’s assessed value and compare it with similar properties to identify discrepancies. If an overassessment is found, we assist in filing an appeal to reduce the tax burden. By leveraging our services, homeowners can potentially lower their tax bills and achieve significant savings.
Average Broadmoor Vlg Tax Bill
$12,084
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 Broadmoor Vlg, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94015 | $12,084 | $12,084 | $12,084 | $12,084 | $12,084 |
Source: Ownwell
$1,148
Average Broadmoor Vlg 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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