Average Tax Assessment in San Mateo County
Real Estate Values and Property Tax Valuation in San Mateo County, California
San Mateo County has a total of 192,429 properties with a cumulative value of $174.6B. This represents 4.72% of all real estate value in California. Property taxes in San Mateo County amount to $2.2B, with an average homeowner paying $11,405 in property taxes compared to the state average of $5,946. The average property tax rate in San Mateo County is 1.25%, lower than the state average of 1.58%. Properties are valued for tax purposes based on their current market value.
The property tax timeline in California begins on January 1st, when the property valuation date is set. Property value notices are then issued between June and August. Property tax appeals must be submitted by September 15th or November 30th, depending on the county. Finally, property tax bills are issued on October 1st.
Updated November 01, 2023
| Important Links | |
|---|---|
| San Mateo Assessor | (650) 363-4500 |
| San Mateo Recorder | (650) 363-4500 |
| Important Dates | |
|---|---|
| Property Valuation Date: | January 1st |
| Property Value Notices Issued: | June - August |
| Property Tax Appeal Deadline: | September 15 or November 30 (varies by county) |
| Property Tax Bills Issued: | October 1st |
| Real Property Tax Bill Due (1st of #): | December 10th, 1st half installment |
| Real Property Tax Bill Due (2nd of #): | April 10th, 2nd half |
| Available Exemptions | |
|---|---|
| Senior | Not Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Not Available |
| Solar/Wind | Available |
| Charitable | Available |
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Real Estate Statistics in San Mateo County
Residential Property Taxes by Cities in San Mateo County
San Mateo County has an average property tax rate of 1.25%, which is slightly higher than the national average of 1.07%. This rate is applied to the assessed value of a property to calculate the property tax bill. The average property tax bill in San Mateo County is $11,405. Property tax rates vary across the cities in the county, with East Palo Alto having the highest effective property tax rate of 1.5%, and San Bruno having the lowest effective property tax rate of 1.11%. This means that property owners in East Palo Alto will pay more in property taxes than those in San Bruno. Property taxes are an important source of revenue for local governments in San Mateo County, and the varying rates across the cities help to ensure that the county is able to generate the necessary funds to provide essential services.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in San Mateo County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Atherton | $248,073 | $979,854 | $3,124,404 | $6,994,754 | $#,###,### |
| Belmont | $118,701 | $328,570 | $810,808 | $1,325,618 | $1,846,052 |
| Brisbane | $64,067 | $314,912 | $620,145 | $953,002 | $1,367,858 |
| Burlingame | $124,022 | $355,030 | $915,844 | $1,723,322 | $2,554,372 |
| Colma | $59,172 | $204,873 | $400,996 | $751,405 | $984,755 |
| Daly City | $78,894 | $194,566 | $419,384 | $708,021 | $973,245 |
| East Palo Alto | $39,832 | $160,020 | $337,624 | $666,278 | $927,066 |
| El Granada | $94,445 | $323,482 | $623,088 | $1,016,784 | $1,362,838 |
| Emerald Hills | $133,812 | $488,886 | $1,083,986 | $1,858,558 | $2,543,582 |
| Foster City | $133,308 | $354,081 | $691,221 | $1,137,052 | $1,576,805 |
| Half Moon Bay | $37,620 | $277,812 | $669,874 | $1,079,359 | $1,561,732 |
| Hillsborough | $294,006 | $1,070,286 | $2,439,964 | $4,010,712 | $5,810,352 |
| La Honda | $66,857 | $237,818 | $484,633 | $754,256 | $1,080,168 |
| Menlo Park | $99,941 | $365,896 | $1,010,870 | $1,995,447 | $3,244,464 |
| Millbrae | $122,161 | $293,871 | $713,639 | $1,210,000 | $1,744,007 |
| Montara | $87,309 | $290,902 | $649,904 | $1,015,657 | $1,417,029 |
| Moss Beach | $13,751 | $133,198 | $528,210 | $927,357 | $1,290,300 |
| Pacifica | $77,790 | $187,535 | $464,586 | $804,090 | $1,090,227 |
| Pescadero | $36,844 | $145,451 | $439,245 | $868,474 | $1,827,261 |
| Portola Valley | $185,789 | $692,378 | $1,764,225 | $3,027,806 | $4,506,359 |
| Redwood City | $91,902 | $303,344 | $693,523 | $1,172,104 | $1,734,443 |
| San Bruno | $98,607 | $185,012 | $422,030 | $750,618 | $1,093,121 |
| San Carlos | $116,164 | $361,072 | $850,522 | $1,461,142 | $2,091,001 |
| San Mateo | $105,494 | $280,415 | $627,780 | $1,094,724 | $1,660,860 |
| South San Francisco | $86,639 | $210,780 | $479,572 | $766,286 | $1,031,628 |
| Woodside | $176,930 | $707,160 | $1,979,626 | $3,971,634 | $7,881,199 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in San Mateo County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Atherton | $6,240 | $15,873 | $37,803 | $76,351 | $129,134 |
| Belmont | $3,403 | $6,170 | $10,949 | $16,003 | $21,142 |
| Brisbane | $2,070 | $4,406 | $7,640 | $10,818 | $15,147 |
| Burlingame | $2,411 | $5,392 | $11,331 | $20,010 | $28,705 |
| Colma | $1,768 | $3,380 | $6,332 | $9,859 | $12,170 |
| Daly City | $1,721 | $3,264 | $5,709 | $8,888 | $11,723 |
| East Palo Alto | $2,404 | $3,809 | $5,603 | $8,858 | $11,609 |
| El Granada | $2,742 | $4,886 | $7,866 | $11,805 | $15,373 |
| Emerald Hills | $3,775 | $8,070 | $14,015 | $21,720 | $28,141 |
| Foster City | $2,555 | $5,019 | $8,604 | $13,403 | $18,180 |
| Half Moon Bay | $2,087 | $4,820 | $8,594 | $12,762 | $17,900 |
| Hillsborough | $10,320 | $18,784 | $33,206 | $48,712 | $66,906 |
| La Honda | $1,628 | $3,216 | $5,378 | $8,114 | $11,814 |
| Menlo Park | $3,978 | $7,043 | $13,734 | $23,889 | $36,439 |
| Millbrae | $1,930 | $4,175 | $8,533 | $13,749 | $19,056 |
| Montara | $4,195 | $6,458 | $10,180 | $13,924 | $17,961 |
| Moss Beach | $209 | $4,729 | $8,713 | $13,061 | $17,160 |
| Pacifica | $2,357 | $4,017 | $6,934 | $10,442 | $13,332 |
| Pescadero | $737 | $2,021 | $4,848 | $9,601 | $20,398 |
| Portola Valley | $3,890 | $10,330 | $20,972 | $33,884 | $49,372 |
| Redwood City | $1,902 | $4,417 | $8,235 | $12,981 | $18,597 |
| San Bruno | $1,309 | $2,389 | $4,788 | $8,273 | $11,576 |
| San Carlos | $3,347 | $6,573 | $11,441 | $17,601 | $23,810 |
| San Mateo | $3,429 | $5,494 | $9,237 | $14,446 | $20,851 |
| South San Francisco | $1,808 | $3,333 | $5,933 | $8,776 | $11,348 |
| Woodside | $4,112 | $10,195 | $22,934 | $43,030 | $84,871 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Atherton | 2.52% | 1.62% | 1.21% | 1.09% | 1.09% |
| Belmont | 2.87% | 1.88% | 1.35% | 1.21% | 1.15% |
| Brisbane | 3.23% | 1.40% | 1.23% | 1.14% | 1.11% |
| Burlingame | 1.94% | 1.52% | 1.24% | 1.16% | 1.12% |
| Colma | 2.99% | 1.65% | 1.58% | 1.31% | 1.24% |
| Daly City | 2.18% | 1.68% | 1.36% | 1.26% | 1.20% |
| East Palo Alto | 6.04% | 2.38% | 1.66% | 1.33% | 1.25% |
| El Granada | 2.90% | 1.51% | 1.26% | 1.16% | 1.13% |
| Emerald Hills | 2.82% | 1.65% | 1.29% | 1.17% | 1.11% |
| Foster City | 1.92% | 1.42% | 1.24% | 1.18% | 1.15% |
| Half Moon Bay | 5.55% | 1.73% | 1.28% | 1.18% | 1.15% |
| Hillsborough | 3.51% | 1.76% | 1.36% | 1.21% | 1.15% |
| La Honda | 2.44% | 1.35% | 1.11% | 1.08% | 1.09% |
| Menlo Park | 3.98% | 1.92% | 1.36% | 1.20% | 1.12% |
| Millbrae | 1.58% | 1.42% | 1.20% | 1.14% | 1.09% |
| Montara | 4.80% | 2.22% | 1.57% | 1.37% | 1.27% |
| Moss Beach | 1.52% | 3.55% | 1.65% | 1.41% | 1.33% |
| Pacifica | 3.03% | 2.14% | 1.49% | 1.30% | 1.22% |
| Pescadero | 2.00% | 1.39% | 1.10% | 1.11% | 1.12% |
| Portola Valley | 2.09% | 1.49% | 1.19% | 1.12% | 1.10% |
| Redwood City | 2.07% | 1.46% | 1.19% | 1.11% | 1.07% |
| San Bruno | 1.33% | 1.29% | 1.13% | 1.10% | 1.06% |
| San Carlos | 2.88% | 1.82% | 1.35% | 1.20% | 1.14% |
| San Mateo | 3.25% | 1.96% | 1.47% | 1.32% | 1.26% |
| South San Francisco | 2.09% | 1.58% | 1.24% | 1.15% | 1.10% |
| Woodside | 2.32% | 1.44% | 1.16% | 1.08% | 1.08% |
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Real Estate Values in San Mateo County
The data from Redfin shows that home prices in San Mateo County have increased by 11.61% from October 2022 to October 2023. This is indicative of a trend of rising home prices in California. Additionally, the data shows that the home inventory in San Mateo County has decreased by 11.11% from October 2022 to October 2023, indicating that there is a shortage of homes available for purchase in the area. This shortage of homes is likely contributing to the rising home prices in the area.
Average Home Value in San Mateo County, California
Last updated: November 2023
Percent Change in Total Home Sales in San Mateo County
Last updated: November 2023
Percent Change in New Home Listings in San Mateo County
Last updated: November 2023
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Mortgage Rates in San Mateo County
San Mateo County has a total of $59.1 billion in outstanding home mortgage loans, with 106,900 loans outstanding. This represents a significant portion of the total home value in the county, and is indicative of the strong housing market in the area. The median mortgage rate in San Mateo County varies significantly across cities, with Daly City having the highest median mortgage rate of 5.03%, and Woodside having the lowest median mortgage rate of 4.3%. This variation in rates across cities reflects the differences in local housing markets, and can be used to inform decisions about where to purchase a home.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in San Mateo County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Atherton | $153,860 | $416,694 | $1,030,357 | $2,243,355 | $3,980,135 |
| Belmont | $104,190 | $259,486 | $484,682 | $887,042 | $1,360,491 |
| Brisbane | $91,215 | $188,266 | $362,943 | $629,073 | $939,923 |
| Burlingame | $106,245 | $255,267 | $536,531 | $1,034,100 | $1,710,839 |
| Colma | $77,796 | $189,904 | $336,419 | $564,648 | $729,121 |
| Daly City | $57,917 | $140,977 | $278,774 | $451,895 | $703,858 |
| East Palo Alto | $53,435 | $140,265 | $231,195 | $464,134 | $695,538 |
| El Granada | $73,718 | $168,416 | $382,417 | $677,198 | $976,368 |
| Emerald Hills | $102,043 | $273,245 | $573,140 | $1,160,436 | $1,735,629 |
| Foster City | $83,254 | $198,013 | $389,770 | $706,897 | $1,113,391 |
| Half Moon Bay | $90,929 | $203,853 | $395,634 | $662,577 | $1,002,302 |
| Hillsborough | $203,233 | $514,017 | $1,054,626 | $1,949,522 | $2,951,873 |
| La Honda | $65,559 | $183,649 | $321,676 | $503,136 | $724,552 |
| Menlo Park | $102,166 | $249,158 | $540,519 | $1,102,674 | $1,868,256 |
| Millbrae | $87,112 | $210,419 | $405,461 | $728,634 | $1,182,064 |
| Montara | $85,435 | $207,934 | $423,717 | $725,934 | $1,023,543 |
| Moss Beach | $89,430 | $203,491 | $381,408 | $678,236 | $952,663 |
| Pacifica | $65,270 | $169,981 | $320,544 | $555,419 | $830,994 |
| Pescadero | $59,382 | $194,383 | $319,639 | $569,760 | $772,949 |
| Portola Valley | $141,150 | $368,647 | $789,556 | $1,529,300 | $2,324,223 |
| Redwood City | $77,029 | $193,285 | $402,980 | $762,816 | $1,211,354 |
| San Bruno | $56,431 | $132,220 | $285,810 | $482,229 | $796,491 |
| San Carlos | $100,569 | $242,178 | $497,082 | $967,922 | $1,493,407 |
| San Mateo | $85,101 | $197,227 | $386,155 | $720,378 | $1,139,486 |
| South San Francisco | $71,089 | $163,623 | $292,441 | $483,481 | $733,419 |
| Woodside | $160,285 | $421,296 | $846,227 | $1,813,636 | $2,955,048 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across San Mateo County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Atherton | 2.70% | 3.29% | 4.69% | 6.29% | 7.45% |
| Belmont | 2.90% | 3.54% | 4.49% | 6.21% | 7.30% |
| Brisbane | 3.00% | 3.62% | 4.40% | 6.28% | 7.37% |
| Burlingame | 2.87% | 3.54% | 4.50% | 6.30% | 7.37% |
| Colma | 3.37% | 3.87% | 4.62% | 6.48% | 7.46% |
| Daly City | 3.25% | 3.90% | 5.03% | 6.73% | 7.66% |
| East Palo Alto | 3.10% | 3.75% | 4.77% | 6.50% | 7.58% |
| El Granada | 3.00% | 3.70% | 4.53% | 6.73% | 7.62% |
| Emerald Hills | 2.91% | 3.58% | 4.50% | 6.37% | 7.25% |
| Foster City | 2.87% | 3.55% | 4.67% | 6.36% | 7.38% |
| Half Moon Bay | 3.00% | 3.68% | 4.53% | 6.29% | 7.42% |
| Hillsborough | 2.71% | 3.37% | 4.50% | 6.12% | 7.17% |
| La Honda | 3.00% | 3.69% | 4.34% | 6.31% | 7.37% |
| Menlo Park | 2.85% | 3.50% | 4.50% | 6.17% | 7.25% |
| Millbrae | 3.00% | 3.75% | 4.83% | 6.37% | 7.40% |
| Montara | 3.05% | 3.73% | 4.62% | 6.40% | 7.37% |
| Moss Beach | 3.02% | 3.68% | 4.63% | 6.21% | 7.19% |
| Pacifica | 3.12% | 3.80% | 4.80% | 6.62% | 7.66% |
| Pescadero | 3.28% | 3.68% | 4.58% | 6.76% | 7.83% |
| Portola Valley | 2.80% | 3.37% | 4.46% | 6.25% | 7.37% |
| Redwood City | 2.90% | 3.60% | 4.57% | 6.41% | 7.45% |
| San Bruno | 3.00% | 3.74% | 4.79% | 6.50% | 7.54% |
| San Carlos | 2.90% | 3.50% | 4.50% | 6.25% | 7.25% |
| San Mateo | 2.90% | 3.60% | 4.50% | 6.25% | 7.25% |
| South San Francisco | 3.12% | 3.85% | 4.95% | 6.66% | 7.62% |
| Woodside | 2.75% | 3.25% | 4.30% | 6.16% | 7.41% |
Housing Expenses in San Mateo County, California
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