Half Moon Bay, California Property Taxes
The median property tax rate in Half Moon Bay, CA is 1.24%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Half Moon Bay at $771,902, the typical annual property tax bill reaches $9,131, exceeding the national median of $2,690. Property taxes in Half Moon Bay 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 Half Moon Bay'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 Half Moon Bay 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
Half Moon Bay, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$9,572
$9,039
$1,148
Average Half Moon Bay, California Tax Savings
Ownwell’s Half Moon Bay Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Half Moon Bay with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Half Moon Bay 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 Half Moon Bay. 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 Half Moon Bay, California
Property taxes in Half Moon Bay, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Half Moon Bay is 0.73%, lower than both the California state median of 0.81% and the U.S. national median of 0.99%. Local government entities within Half Moon Bay set these rates annually, and they can vary significantly across different neighborhoods. Each year, Half Moon Bay 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 Half Moon Bay's effective property tax rate to other counties in California and the national median. For comparison, the 94019 zip code has the highest median property tax rate of 0.73%, while the same 94019 zip code also has the lowest median tax rate of 0.73%. Understanding how these cities compare with Half Moon Bay 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 Half Moon Bay Tax Rate
1.24%
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 Half Moon Bay, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94019 | 1.16% | 1.19% | 1.24% | 1.37% | 1.69% |
Source: Ownwell
$1,148
Average Half Moon Bay Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Half Moon Bay, California
In Half Moon Bay, 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 Half Moon Bay, 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. For example, the median home price in Half Moon Bay is $771,902, with the 25th percentile tax bill at $5,135 and the 75th percentile tax bill at $13,826. 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 Half Moon Bay helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Half Moon Bay, California
Source: Ownwell
$310,349
$1,947,376
$3,584,402
Average Half Moon Bay Assessed Value
$771,902
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 Half Moon Bay, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94019 | $191,153 | $428,682 | $771,902 | $1,183,686 | $1,690,000 |
Source: Ownwell
$1,148
Average Half Moon Bay Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Half Moon Bay, California
In Half Moon Bay, property tax bills are calculated based on the assessed value of the home, which is typically lower than the market value. The assessed value is determined by the San Mateo County Assessor's Office and is influenced by factors such as property size, location, and improvements. The tax rate in this region is higher than the national median of 0.99%, contributing to substantial tax bills. For instance, the 25th percentile tax bill is $5,135, while the 75th percentile reaches $13,826, and the 90th percentile soars to $19,472. These high tax bills can significantly impact homeowners, potentially straining their finances. Ownwell can help by providing expert property tax appeal and exemption services. Our team reviews your property’s assessed value to identify discrepancies and file appeals on your behalf, potentially lowering your tax bill. By leveraging local expertise and a deep understanding of property tax laws, Ownwell aims to help homeowners in Half Moon Bay save on their property taxes, reducing financial burdens and ensuring fair taxation.
Average Half Moon Bay Tax Bill
$9,131
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 Half Moon Bay, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94019 | $2,224 | $5,135 | $9,131 | $13,826 | $19,472 |
Source: Ownwell
$1,148
Average Half Moon Bay 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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