Princeton, California Property Taxes
The median property tax rate in Princeton, CA is 1.29%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Princeton at $435,186, the typical annual property tax bill reaches $5,593, exceeding the national median of $2,690. Property taxes in Princeton 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 Princeton'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 Princeton 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
Princeton, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$5,614
$5,210
$1,148
Average Tax Savings
Ownwell’s Princeton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Princeton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Princeton 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 Princeton. 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 Princeton, California
Property taxes in Princeton, California, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Princeton is 1.29%, significantly higher than both the California state median and the U.S. national median of 0.99%. Local government entities within Princeton set these rates annually, and they can vary across different neighborhoods. Each year, Princeton 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 Princeton's effective property tax rate to other counties in California and the national median. For comparison, the zip code 95970 has the highest median property tax rate of 1.29%, while also having the lowest median tax rate of 1.29%. Understanding how these areas compare with Princeton 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 Princeton Tax Rate
1.29%
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 Princeton, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95970 | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% |
Source: Ownwell
$1,148
Average Princeton Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Princeton, California
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Princeton, 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 Princeton, 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 zip code with the highest median tax bill is 95970, at $5,593, which is also the lowest median tax bill in the area. Being aware of these valuation processes in Princeton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Princeton, California
Source: Ownwell
$310,349
$1,947,376
$3,584,402
Average Princeton Assessed Value
$435,186
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 Princeton, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95970 | $435,186 | $435,186 | $435,186 | $435,186 | $435,186 |
Source: Ownwell
$1,148
Average Princeton Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Princeton, California
In Princeton, San Mateo County, CA, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. The median home price in Princeton is $435,186, and the typical property tax bill is around $5,593, significantly higher than the national median property tax rate of 0.99%. Key factors influencing the tax bill include the property's assessed value, any applicable exemptions, and the local tax rate. Higher property values naturally lead to higher tax bills, impacting homeowners' financial planning. Ownwell can help homeowners in Princeton save on their property tax bills by providing expert property tax appeal and exemption services. By thoroughly reviewing property assessments and identifying discrepancies or opportunities for exemptions, Ownwell ensures that homeowners are not overpaying on their taxes. This professional assistance can result in substantial savings, making homeownership more affordable and financially manageable.
Average Princeton Tax Bill
$5,593
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 Princeton, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95970 | $5,593 | $5,593 | $5,593 | $5,593 | $5,593 |
Source: Ownwell
$1,148
Average Princeton 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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