Emerald Hills, California Property Taxes
The median property tax rate in Emerald Hills, CA is 1.22%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Emerald Hills, the typical annual property tax bill reaches $14,492, exceeding the national median of $2,690. Property taxes in Emerald Hills 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 Emerald Hills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Emerald Hills 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
Emerald Hills, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
$1,272
$1,148
Average Emerald Hills, California Tax Savings
Ownwell’s Emerald Hills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Emerald Hills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Emerald Hills 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 Emerald Hills. 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 Emerald Hills, California
Property taxes in Emerald Hills, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Emerald Hills is 1.22%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Emerald Hills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Emerald Hills 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 Emerald Hills' effective property tax rate to other areas in San Mateo County and the national median. For comparison, the 94062 zip code has both the highest and lowest median property tax rate of 1.22%. Understanding how these cities compare with Emerald Hills 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 Emerald Hills Tax Rate
1.22%
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 Emerald Hills, California
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
94062 | 1.14% | 1.17% | 1.22% | 1.34% | 1.76% |
Source: Ownwell
$1,148
Average Emerald Hills Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Emerald Hills, California
In Emerald Hills, 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 Emerald Hills, 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. The median home price here is $1,181,150, with tax bills ranging from $8,505 at the 25th percentile to $29,598 at the 90th percentile. The highest and lowest median tax bills, both at $14,492, are found in the 94062 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these processes in Emerald Hills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Emerald Hills, California
Source: Ownwell
$310,349
$1,947,376
$3,584,402
Average Emerald Hills Assessed Value
$1,181,150
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 Emerald Hills, California
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
94062 | $222,102 | $626,156 | $1,181,150 | $1,948,920 | $2,584,786 |
Source: Ownwell
$1,148
Average Emerald Hills Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Emerald Hills, California
In Emerald Hills, located in San Mateo County, CA, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. The median home price in this area is $1,181,150. Homeowners in Emerald Hills typically face property tax bills ranging from $8,505 at the 25th percentile to $29,598 at the 90th percentile, with the highest median tax bill in the 94062 zip code being $14,492. This rate is significantly higher than the national median property tax rate of 0.99%. Factors such as property improvements, market conditions, and local tax rates all influence the assessed value and, consequently, the tax bill. High property taxes can place a substantial financial burden on homeowners, affecting their overall cost of living. Ownwell assists homeowners by providing property tax appeal and exemption services, helping to ensure that your property is fairly assessed. By leveraging expert knowledge and local market insights, Ownwell can help you save significantly on your property tax bills, reducing the financial strain on your household.
Average Emerald Hills Tax Bill
$14,492
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 Emerald Hills, California
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
94062 | $3,940 | $8,505 | $14,492 | $22,761 | $29,598 |
Source: Ownwell
$1,148
Average Emerald Hills 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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