Millbrae, California Property Taxes
The median property tax rate in Millbrae, CA is 1.15%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Millbrae at $781,811, the typical annual property tax bill reaches $9,011, exceeding the national median of $2,690. Property taxes in Millbrae 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 Millbrae'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 Millbrae 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
Millbrae, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$8,991
$8,491
$1,148
Average Millbrae, California Tax Savings
Ownwell’s Millbrae Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Millbrae with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Millbrae 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 Millbrae. 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 Millbrae, California
Property taxes in Millbrae, California, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Millbrae is 1.15%, which is notably higher than the U.S. national median of 0.99%. Local government entities within Millbrae set these rates annually, and they can vary significantly across different neighborhoods. Each year, Millbrae 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 Millbrae's effective property tax rate compares to other regions in San Mateo County provides valuable insights into the varying tax landscape across the area, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Millbrae Tax Rate
1.15%
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 Millbrae, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94030 | 1.13% | 1.13% | 1.15% | 1.19% | 1.28% |
Source: Ownwell
$1,148
Average Millbrae Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Millbrae, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Millbrae, 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 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 Millbrae, 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 in Millbrae is $781,811, with tax bills ranging from $4,533 at the 25th percentile to $20,585 at the 90th percentile. The zip code 94030 has the highest and lowest median tax bill at $9,011. 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 valuation processes in Millbrae helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Millbrae, California
Source: Ownwell
$310,349
$1,947,376
$3,584,402
Average Millbrae Assessed Value
$781,811
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 Millbrae, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94030 | $157,665 | $387,096 | $781,811 | $1,289,216 | $1,822,742 |
Source: Ownwell
$1,148
Average Millbrae Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Millbrae, California
In Millbrae, located in San Mateo County, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Millbrae is $781,811, and property taxes are derived from this assessed value. The tax rate is applied to this assessed value, with additional factors such as local levies and bonds influencing the final tax bill. Homeowners in Millbrae can expect tax bills that vary significantly, with the 25th percentile at $4,533 and the 75th percentile reaching up to $14,684. The highest median tax bill in the area is $9,011, which is notably higher than the national median property tax rate of 0.99%. Ownwell assists homeowners by providing expert property tax appeal and exemption services, potentially lowering their tax bills. By leveraging local expertise and a deep understanding of property tax regulations, Ownwell identifies opportunities for savings, ensuring homeowners are not overpaying on their property taxes.
Average Millbrae Tax Bill
$9,011
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 Millbrae, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94030 | $2,002 | $4,533 | $9,011 | $14,684 | $20,585 |
Source: Ownwell
$1,148
Average Millbrae 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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