East Palo Alto, California Property Taxes
The median property tax rate in East Palo Alto, CA is 1.52%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in East Palo Alto at $377,686, the typical annual property tax bill reaches $5,759, exceeding the national median of $2,690. Property taxes in East Palo Alto 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 East Palo Alto'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 East Palo Alto 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
East Palo Alto, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.52%
Estimate Property Tax Bill
$5,741
$5,327
$1,148
Average Tax Savings
Ownwell’s East Palo Alto Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in East Palo Alto with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East Palo Alto 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 East Palo Alto. 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 East Palo Alto, California
Property taxes in East Palo Alto, California, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Palo Alto is 1.52%, significantly higher than the U.S. national median of 0.99%. Local government entities within East Palo Alto set these rates annually, and they can vary across different neighborhoods. Each year, East Palo Alto 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. Understanding how East Palo Alto's effective property tax rate compares to other areas in San Mateo County and the national median provides valuable insights into the varying tax landscape across the region, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average East Palo Alto Tax Rate
1.52%
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 East Palo Alto, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94303 | 1.24% | 1.31% | 1.52% | 1.93% | 3.88% |
Source: Ownwell
$1,148
Average East Palo Alto Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across East Palo Alto, California
In East Palo Alto, 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 East Palo Alto, 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 East Palo Alto helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in East Palo Alto is $377,686, with the highest and lowest median tax bills being $5,759 in the 94303 zip code.
Property Tax Assessment Values Across East Palo Alto, California
Source: Ownwell
$310,349
$1,947,376
$3,584,402
Average East Palo Alto Assessed Value
$377,686
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 East Palo Alto, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94303 | $56,876 | $210,914 | $377,686 | $721,187 | $969,000 |
Source: Ownwell
$1,148
Average East Palo Alto Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across East Palo Alto, California
In East Palo Alto, San Mateo County, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. The assessed value is influenced by factors such as recent sales prices of comparable properties and any improvements made to the property. With a median home price of $377,686, homeowners can expect varying tax bills. For instance, the 25th percentile tax bill is around $3,794, while the 75th percentile reaches up to $9,415, and the 90th percentile can be as high as $12,292. Compared to the national median property tax rate of 0.99%, homeowners in East Palo Alto may find their tax bills significantly higher. This can place a financial strain on homeowners, especially those with higher-value properties. Ownwell can assist homeowners by providing expert property tax appeal and exemption services. By analyzing the assessed value and market conditions, Ownwell helps ensure homeowners are not overpaying on their property taxes, potentially saving them hundreds or even thousands of dollars annually.
Average East Palo Alto Tax Bill
$5,759
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 East Palo Alto, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94303 | $2,146 | $3,794 | $5,759 | $9,415 | $12,292 |
Source: Ownwell
$1,148
Average East Palo Alto 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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