San Carlos, California Property Taxes
The median property tax rate in San Carlos, CA is 1.28%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in San Carlos at $942,492, the typical annual property tax bill reaches $12,054, exceeding the national median of $2,690. Property taxes in San Carlos 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 San Carlos'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 San Carlos 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
San Carlos, 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 San Carlos, California Tax Savings
Ownwell’s San Carlos Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in San Carlos with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in San Carlos 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 San Carlos. 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 San Carlos, California
Property taxes in San Carlos, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in San Carlos is 1.28%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within San Carlos set these rates annually, and they can vary significantly across different neighborhoods. Each year, San Carlos 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 San Carlos's effective property tax rate to other counties in California and the national median. For comparison, the 94070 zip code has the highest median property tax rate of 1.28%, while the same 94070 zip code also has the lowest median tax rate of 1.28%. Understanding how these cities compare with San Carlos 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 San Carlos Tax Rate
1.28%
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 San Carlos, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94070 | 1.17% | 1.21% | 1.28% | 1.44% | 1.97% |
Source: Ownwell
$1,148
Average San Carlos Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across San Carlos, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in San Carlos, California. 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 San Carlos, 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 instance, the highest median tax bill in San Carlos is $12,054, while the lowest is also $12,054, both in the 94070 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across San Carlos, California
Source: Ownwell
$310,349
$1,947,376
$3,584,402
Average San Carlos Assessed Value
$942,492
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 San Carlos, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94070 | $177,110 | $483,420 | $942,492 | $1,568,565 | $2,200,000 |
Source: Ownwell
$1,148
Average San Carlos Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across San Carlos, California
In San Carlos, located in San Mateo County, CA, property tax bills are calculated based on the assessed value of a property, which is typically derived from its market value. California's Proposition 13 caps the annual increase in assessed value at 2% unless the property is sold or newly constructed, ensuring some predictability for homeowners. The median home price in San Carlos stands at $942,492, leading to significant tax bills. The 25th percentile tax bill is $6,969, while the 75th and 90th percentiles are $18,999 and $26,044, respectively. Homeowners in San Carlos face a median property tax bill of $12,054, which is considerably higher than the national median property tax rate of 0.99%. This can put a strain on household budgets, especially in a high-cost area like San Mateo County. Ownwell helps homeowners by offering property tax appeal and exemption services, potentially lowering their tax bills by ensuring their property's assessed value is accurate and fair. This can lead to substantial savings and financial relief for homeowners.
Average San Carlos Tax Bill
$12,054
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 San Carlos, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94070 | $3,518 | $6,969 | $12,054 | $18,999 | $26,044 |
Source: Ownwell
$1,148
Average San Carlos 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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