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Palomar Park, San Mateo County, California Property Taxes

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Property Taxes in Palomar Park, California

  • Median Palomar Park, California effective property tax rate: 1.07%, significantly lower than the national median of 1.02%, and lower than the California state median of 1.21%.

  • Median Palomar Park, California home value: $1,260,702

  • Median annual Palomar Park, California tax bill: $12,918, $10,518 higher than the national median property tax bill of $2,400.

How are property taxes in San Mateo calculated?

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

Last Updated April 13, 2026

Palomar Park, San Mateo County, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.07%

Estimate Property Tax Bill

$13,490

$12,518

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

How Does the Palomar Park Property Tax Calculator Work?

Use this Palomar Park property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Palomar Park's median effective tax rate of 1.07% — based on actual property records in San Mateo County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local assessment district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Palomar Park's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Your bill may vary by ZIP code within Palomar Park: rates range from 1.07% in 94062 to 1.07% in 94062, primarily due to differences in school district levies and local assessment districts. Palomar Park's median property tax bill is $12,918, which is higher than the $2,400 national median and $10,518 higher than the state median tax bill.

If your estimate is higher than expected, Ownwell can appeal your Palomar Park assessment — you only pay if we save you money.

About Palomar Park Property Taxes

About Property Taxes in Palomar Park, San Mateo, California

Palomar Park’s median effective property tax rate of 1.07% is lower than the California state median of 1.21% and higher than the national median of 1.02%. This rate reflects the San Mateo County base levy combined with local school district levies and other local assessments that can vary by subdivision throughout the area.

Property tax rates are not uniform across Palomar Park. Homeowners in ZIP code 94062 carry a median effective rate of 1.07%, and the same ZIP also reflects the city’s median tax bill of $12,918. That consistency shows how local boundaries can shape what homeowners pay across San Mateo County.

Palomar Park homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before December 1, 2026.

If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.

Property Tax Rates Across Palomar Park, San Mateo County, California

As noted earlier, local government entities set tax rates, which can vary widely within a state.

Why? Because 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 Palomar Park's effective property tax rate to other cities in California and the median property tax rates in California and the U.S.

Property Tax Rates Across Palomar Park, San Mateo County, California

Source: Ownwell

1.07%

1.27%

1.47%

Our median effective property tax rate (tax bill Ă· 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 Palomar Park Tax Rate

1.07%

Our median effective property tax rate (tax bill Ă· 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

1.23%

Median Effective California Tax Rate

1.21%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Palomar Park, San Mateo County, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
940621.05%1.06%1.07%1.07%1.08%

Source: Ownwell

Property Tax Assessment Values Across Palomar Park, San Mateo County, California

When examining property taxes in Palomar Park, California, 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 appraisal district 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.

Assessment notices:

In San Mateo County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of October.

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. For example, the median home price in Palomar Park is $1,260,702, with tax bills ranging significantly across the county. ZIP code 94062 has the highest median home price at $1,260,702.

Property Tax Assessment Values Across Palomar Park, San Mateo County, California

Source: Ownwell

$462,344

$2,599,052

$4,735,760

Median Palomar Park Market Value

$1,260,702

Median San Mateo County Market Value

$810,000

Median California Market Value

$427,605

Median United States Market Value

$235,294

Property Tax Assessment Values Across Palomar Park, San Mateo County, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
94062$330,336$661,603$1,260,702$2,238,344$2,869,678

Source: Ownwell

Property Tax Bills Across Palomar Park, San Mateo County, California

How are property tax bills calculated in Palomar Park?

Property tax bills in Palomar Park are based on the assessed value of a home, which is influenced by market conditions and local tax rates in San Mateo County. With a median home price of $1,260,702, homeowners in this area often face higher tax bills than the national median property tax bill of $2,400. The amount owed can vary widely, with bills in the 25th percentile at $6,680, the 75th percentile at $23,432, and the 90th percentile at $30,392.

What factors affect a homeowner’s property tax bill? The main drivers are the home’s assessed value and the tax rate applied by local taxing authorities. How does this affect homeowners? Higher assessed values can lead to larger annual bills and more pressure on household budgets.

How can Ownwell help? Ownwell can review your assessment, identify opportunities to appeal, and help homeowners save on their property tax bills.

Property Tax Bills Across Palomar Park, San Mateo County, California

Source: Ownwell

$4,835

$26,810

$48,785

Median Palomar Park Tax Bill

$12,918

Median San Mateo County Tax Bill

$9,758

Median California Tax Bill

$5,134

Median United States Tax Bill

$2,400

Property Tax Bills Across Palomar Park, San Mateo County, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
94062$3,572$6,680$12,918$23,432$30,392

Source: Ownwell

Don't miss the deadline to appeal!

Frequently Asked Property Tax Questions in Palomar Park, California

How are property taxes calculated in Palomar Park, California?
Property taxes in Palomar Park, California are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.
How do I appeal my property taxes in Palomar Park, California?
To appeal your property taxes in Palomar Park, California, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.
What property tax exemptions are available in Palomar Park, California?
Common property tax exemptions in Palomar Park, California include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.
When are property taxes due in Palomar Park, California?
Property tax deadlines in Palomar Park, California vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.
How can Ownwell help reduce my property taxes in Palomar Park, California?
Ownwell provides professional property tax appeal services in Palomar Park, California. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.