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Palomar Park, San Mateo County, California Property Taxes

  • Median Palomar Park, CA effective property tax rate: 1.08%, slightly higher than the national median of 1.02%, but lower than the California state median of 1.21%.

  • Median Palomar Park, CA home value: $997,162

  • Median annual Palomar Park, CA tax bill: $10,859, $8,459 higher than the national median property tax bill of $2,400.

How are property taxes in San Mateo calculated?

Property taxes in Palomar Park, CA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Palomar Park’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Palomar Park, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Palomar Park, San Mateo County, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.08%

Estimate Property Tax Bill

$10,769

$9,994

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Palomar Park Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Palomar Park with just two data points.

By entering your property's estimated assessed value, our calculator applies Palomar Park’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in San Mateo County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Palomar Park, San Mateo County, California

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

In Palomar Park, located in San Mateo County, the effective property tax rate is an important consideration for homeowners. San Mateo County's median property tax rate is 1.08%, which is slightly above the national median of 1.02%. This means homeowners in Palomar Park might pay a bit more compared to the national average. However, this rate is consistent across the county, reflecting the county's approach to funding public services.

Understanding these rates can help homeowners in Palomar Park make informed decisions about their property investments. Comparing Palomar Park's property tax rate to other cities in California, as well as the median rates in the state and the U.S., can provide valuable insights into the local tax landscape.

Property Tax Rates Across Palomar Park, San Mateo County, California

Source: Ownwell

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1.08%

1.30%

1.52%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Palomar Park Tax Rate

1.08%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective San Mateo County Tax Rate

1.26%

Median Effective California Tax Rate

1.21%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Palomar Park, San Mateo County, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
940621.07%1.08%1.08%1.09%1.10%

Source: Ownwell

Property Tax Assessment Values Across Palomar Park, San Mateo County, California

When examining property taxes in Palomar Park, CA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The San Mateo County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In San Mateo County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Palomar Park. For example, the median home price in Palomar Park is $997,162, with tax bills ranging significantly across the county. 94062 has the highest median home price at $997,162.

Property Tax Assessment Values Across Palomar Park, San Mateo County, California

Source: Ownwell

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$377,686

$1,981,044

$3,584,402

Median Palomar Park Market Value

$997,162

Median San Mateo County Market Value

$685,382

Median California Market Value

$378,421

Median United States Market Value

$235,294

Property Tax Assessment Values Across Palomar Park, San Mateo County, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
94062$282,350$552,561$997,162$1,737,986$2,424,873

Source: Ownwell

Property Tax Bills Across Palomar Park, San Mateo County, California

In Palomar Park, San Mateo County, CA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is typically a percentage of the home's market value. Homeowners in Palomar Park face a median property tax bill significantly higher than the national median, reflecting the area's higher property values. Factors such as local tax rates and voter-approved measures also influence the final tax bill. With a median home price of $997,162, the property tax burden can be substantial, affecting homeowners' financial planning and overall affordability. The tax bill in this region ranges from $5,993 at the 25th percentile to $26,206 at the 90th percentile, emphasizing the variance based on property value and location. Ownwell assists homeowners by identifying potential savings through appealing property assessments and securing exemptions. By leveraging expertise in local tax laws and assessment practices, Ownwell helps reduce the financial burden of property taxes, ensuring homeowners pay only their fair share.

Property Tax Bills Across Palomar Park, San Mateo County, California

Source: Ownwell

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$4,534

$22,825

$41,115

Median Palomar Park Tax Bill

$10,859

Median San Mateo County Tax Bill

$8,692

Median California Tax Bill

$4,683

Median United States Tax Bill

$2,400

Property Tax Bills Across Palomar Park, San Mateo County, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
94062$3,097$5,993$10,859$18,763$26,206

Source: Ownwell

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