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Redwood City, San Mateo County, California Property Taxes

  • Median Redwood City, CA effective property tax rate: 1.21%, significantly higher than the national median of 1.02%, and equal to the CA state median of 1.21%.

  • Median Redwood City, CA home value: $774,278

  • Median annual Redwood City, CA tax bill: $9,340, $6,940 higher than the national median property tax bill of $2,400.

How are property taxes in San Mateo calculated?

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

Last Updated March 1, 2025

Redwood City, San Mateo County, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.21%

Estimate Property Tax Bill

$9,369

$8,694

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Redwood City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Redwood City with just two data points. By entering your property's estimated assessed value, our calculator applies Redwood City’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 Redwood City, San Mateo County, California

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Redwood City’s effective property tax rate to other cities in CA and the median property tax rates in CA and the U.S. Redwood City in San Mateo County has a median property tax rate of 1.21%, which is higher than the national median of 1.02%. Within the county, the highest median tax rate is in the 94063 zip code at 1.35%, while the lowest is in the 94062 zip code at 1.18%. These variations highlight how tax rates can differ even within a single county. Understanding these differences can help property owners make informed decisions about their investments and potential tax liabilities.

Property Tax Rates Across Redwood City, 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 Redwood City Tax Rate

1.21%

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 Redwood City, San Mateo County, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
940611.09%1.14%1.19%1.32%1.74%
940621.10%1.13%1.18%1.30%1.70%
940631.16%1.23%1.35%1.58%2.11%
940651.12%1.15%1.20%1.27%1.37%

Source: Ownwell

Property Tax Assessment Values Across Redwood City, San Mateo County, California

When examining property taxes in Redwood City, 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 Redwood City.

For example, the median home price in Redwood City is $774,278, with tax bills ranging significantly across the county. Zip code 94062 has the highest median home price at $924,440.

Property Tax Assessment Values Across Redwood City, San Mateo County, California

Source: Ownwell

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$377,686

$1,981,044

$3,584,402

Median Redwood City Market Value

$774,278

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 Redwood City, San Mateo County, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
94061$143,418$378,744$766,429$1,268,430$1,811,188
94062$161,486$423,798$924,440$1,600,857$2,268,285
94063$148,895$293,406$518,182$882,482$1,247,165
94065$358,107$582,458$876,638$1,274,152$1,704,452

Source: Ownwell

Property Tax Bills Across Redwood City, San Mateo County, California

In Redwood City, San Mateo County, property tax bills are determined by the assessed value of a home, which is often a fraction of the market value. The median home price here stands at $774,278, leading to varying tax bills influenced by local tax rates and property assessments. Homeowners in the 25th percentile face tax bills around $5,138, while those in the 75th percentile see amounts like $14,632. Some homeowners, particularly in zip code 94062, encounter the highest median tax bills, reaching $10,919. These figures are significantly higher than the national median property tax bill of $2,400, underscoring the financial impact on homeowners in this region.

Ownwell offers a strategic solution to mitigate these expenses by providing property tax appeal and exemption services. By leveraging local expertise and data-driven insights, Ownwell helps homeowners potentially reduce their tax obligations, ensuring that they pay only what is fair. This service not only alleviates financial strain but also empowers homeowners to manage their property expenses more effectively.

Property Tax Bills Across Redwood City, San Mateo County, California

Source: Ownwell

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$4,534

$22,825

$41,115

Median Redwood City Tax Bill

$9,340

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 Redwood City, San Mateo County, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
94061$2,513$4,941$9,211$14,703$20,568
94062$2,743$5,518$10,919$18,357$25,581
94063$1,954$3,880$6,524$10,728$14,822
94065$4,668$7,325$10,531$14,965$19,880

Source: Ownwell

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