San Mateo, California Property Taxes
The median property tax rate in San Mateo, CA is 1.42%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in San Mateo, the typical annual property tax bill reaches $9,821, far exceeding the national median of $2,690. Property taxes in San Mateo 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 San Mateo'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 San Mateo 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
San Mateo, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$9,842
$9,295
$1,148
Average San Mateo, California Tax Savings
Ownwell’s San Mateo Property Tax Bill Calculator empowers homeowners, real estate investors, and prospective buyers to estimate their annual property taxes with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in San Mateo to provide an estimate of your property tax bill. This valuable tool not only helps you understand potential tax liabilities but also demonstrates how Ownwell can assist in reducing property taxes in San Mateo. For those interested in more granular insights, you can explore neighborhood-level trends by scrolling down. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across San Mateo, California
Property taxes in San Mateo, CA, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in San Mateo is 1.42%, higher than both the California state median and the U.S. national median of 0.99%. Local government entities within San Mateo set these rates annually, and they can vary significantly across different neighborhoods. Each year, San Mateo 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 San Mateo's effective property tax rate to other areas in California and the national median. For comparison, the 94401 zip code has the highest median property tax rate of 1.47%, while the 94402 zip code has the lowest median tax rate of 1.35%. Understanding how these areas compare with San Mateo 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 San Mateo Tax Rate
1.42%
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 San Mateo, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94401 | 1.29% | 1.35% | 1.47% | 1.74% | 2.30% |
| 94402 | 1.23% | 1.26% | 1.35% | 1.58% | 2.20% |
| 94403 | 1.25% | 1.31% | 1.42% | 1.67% | 2.25% |
| 94404 | 1.27% | 1.32% | 1.40% | 1.58% | 1.79% |
Source: Ownwell
$1,148
Average San Mateo Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across San Mateo, California
In San Mateo, 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's Office 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. 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 example, San Mateo’s highest median tax bill is $12,557 in the 94402 zip code, while the lowest median tax bill is $8,104 in the 94401 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across San Mateo, California
Source: Ownwell
$310,349
$1,947,376
$3,584,402
Average San Mateo Assessed Value
$693,132
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 San Mateo, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94401 | $144,301 | $301,752 | $544,538 | $858,250 | $1,236,679 |
| 94402 | $173,236 | $433,504 | $919,515 | $1,582,761 | $2,323,613 |
| 94403 | $150,046 | $365,045 | $717,144 | $1,179,002 | $1,663,856 |
| 94404 | $258,908 | $378,441 | $636,765 | $933,010 | $1,235,569 |
Source: Ownwell
$1,148
Average San Mateo Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across San Mateo, California
In San Mateo, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value typically starts with the property's purchase price and can increase by up to 2% annually due to California's Proposition 13. Factors such as home improvements and market conditions also play a role in determining the assessed value. Homeowners in San Mateo face varying tax bills, with the 25th percentile at $5,874 and the 75th percentile reaching $15,429. The highest median tax bill in the county is $12,557 in the 94402 zip code, while the lowest is $8,104 in the 94401 zip code. These tax bills can significantly impact homeowners, especially when they exceed the national median property tax rate of 0.99%. Ownwell assists homeowners by offering property tax appeal and exemption services, potentially lowering their tax bills. By leveraging expert knowledge and local data, Ownwell ensures homeowners pay a fair amount, helping to ease the financial burden.
Average San Mateo Tax Bill
$9,821
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 San Mateo, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94401 | $3,367 | $5,218 | $8,104 | $11,825 | $16,265 |
| 94402 | $3,951 | $6,944 | $12,557 | $20,152 | $28,685 |
| 94403 | $3,496 | $5,946 | $10,004 | $15,545 | $21,655 |
| 94404 | $4,561 | $5,914 | $8,967 | $12,346 | $15,907 |
Source: Ownwell
$1,148
Average San Mateo 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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