Burlingame, California Property Taxes
The median property tax rate in Burlingame, CA is 1.16%, slightly higher than the national median of 0.99% but lower than the California state median of 1.21%. With the median home value in Burlingame at $1,017,898, the typical annual property tax bill reaches $11,875, far exceeding the national median of $2,690. Property taxes in Burlingame are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence exemption. Understanding Burlingame'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 Burlingame 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
Burlingame, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$11,808
$10,957
$1,148
Average Tax Savings
Ownwell’s Burlingame Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Burlingame with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Burlingame to project your property tax bill. This valuable tool not only clarifies potential tax liabilities but also demonstrates how Ownwell can help reduce property taxes in Burlingame. For those interested in more granular insights, additional neighborhood-level information is available further down the page. Your property’s assessed value is determined by the county for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Burlingame, California
Property taxes in Burlingame, CA, are essential for funding critical local services, including public schools, road maintenance, and emergency services. The median tax rate in Burlingame is 1.16%, which is higher than the U.S. national median of 0.99%. Local government entities within Burlingame set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burlingame 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 Burlingame's effective property tax rate to other areas in San Mateo County and the national median. For comparison, the 94010 zip code has the highest median property tax rate of 1.16%, while the same zip code also has the lowest median tax rate of 1.16%. Understanding how these areas compare with Burlingame 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 Burlingame Tax Rate
1.16%
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 Burlingame, California
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
94010 | 1.14% | 1.14% | 1.16% | 1.21% | 1.35% |
Source: Ownwell
$1,148
Average Burlingame Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Burlingame, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Burlingame, CA. 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. 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 Burlingame helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $11,875 in the 94010 zip code, while the lowest median tax bill is also $11,875 in the same zip code.
Property Tax Assessment Values Across Burlingame, California
Source: Ownwell
$310,349
$1,947,376
$3,584,402
Average Burlingame Assessed Value
$1,017,898
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 Burlingame, California
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
94010 | $185,183 | $476,466 | $1,017,898 | $1,828,250 | $2,647,732 |
Source: Ownwell
$1,148
Average Burlingame Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Burlingame, California
In Burlingame, located in San Mateo County, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate, which can vary but generally hovers around the national median property tax rate of 0.99%. For instance, with a median home price of $1,017,898, homeowners could face substantial tax bills. Specifically, the tax bill for the 25th percentile is approximately $5,730, while it can soar to $21,056 for the 75th percentile and even reach $30,178 at the 90th percentile. These tax bills can significantly impact homeowners, making it crucial to ensure that their property is assessed accurately. This is where Ownwell steps in. Ownwell offers expert property tax appeal and exemption services, helping homeowners challenge over-assessments and secure potential savings. By leveraging their expertise, homeowners in Burlingame can potentially reduce their tax liabilities and ensure they are not overpaying on their property taxes.
Average Burlingame Tax Bill
$11,875
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 Burlingame, California
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
94010 | $2,516 | $5,730 | $11,875 | $21,056 | $30,178 |
Source: Ownwell
$1,148
Average Burlingame 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 | November 30 |
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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