94404 Property Tax Rate

Property owners in ZIP code 94404 (San Mateo, California) pay a median of $10,001/year in property taxes on homes valued at $1,682,700. This translates to an effective tax rate of 0.59%, which is 14% below the California state average of 0.69%.

The monthly property tax burden for a median-valued home in 94404 is approximately $833, which factors into escrow payments on mortgages. This ZIP code is located within San Mateo County. This is $5,101 more than the California average of $4,900/year.

Compared to similar ZIP codes in California, 94404 has higher property taxes. ZIP codes with similar effective rates include 91911 (0.59%) and 91303 (0.59%).

In San Mateo, property taxes represent approximately 5.5% of the median household income of $182,417, providing context for the relative tax burden on homeowners in this area.

Under California's Proposition 13, your property will be reassessed to your purchase price at close of escrow, establishing a new base year tax; annual increases are then capped at 2% until the next sale. San Mateo County's Homeowners' Exemption reduces assessed value by $7,000—file with the San Mateo County Assessor within 30 days of closing to apply. Request a Preliminary Assessment Notice from the San Mateo County Assessor before closing to confirm your estimated base year value and exemption eligibility.