Redwood City, San Mateo County, California Property Taxes
Property Taxes in Redwood City, California
Median Redwood City, California effective property tax rate: 1.18%, significantly higher than the national median of 1.02%, and slightly lower than the California state median of 1.21%.
Median Redwood City, California home value: $911,248
Median annual Redwood City, California tax bill: $10,417, $8,017 higher than the national median property tax bill of $2,400.
How are property taxes in San Mateo calculated?
Property taxes in Redwood City, 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 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 April 13, 2026
Redwood City, San Mateo County, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.18%
Estimate Property Tax Bill
$10,753
$9,978
$774
Average Annual Tax Savings
How Does the Redwood City Property Tax Calculator Work?
Use this Redwood City property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Redwood City's median effective tax rate of 1.18% — 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 Redwood City'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 Redwood City: rates range from $7,440.00 in 94063 to $12,403.00 in 94062, primarily due to differences in school district levies and local assessment districts. Redwood City's median property tax bill of $10,417 is higher than the $2,400 national median property tax bill and higher than the 1.02% national median property tax rate.
If your estimate is higher than expected, Ownwell can appeal your Redwood City assessment — you only pay if we save you money.
About Redwood City Property Taxes
About Property Taxes in Redwood City, San Mateo, California
Redwood City’s median effective property tax rate of 1.18% 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 Mello-Roos Community Facility Districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Redwood City. Homeowners in the 94063 ZIP code carry a median effective rate of 1.31%, while those in 94062 pay 1.15%. This spread — 0.16 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across San Mateo County. Understanding which part of Redwood City you live in can make a meaningful difference to your annual tax bill.
Redwood City homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the December 1, 2026 deadline each year.
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 Redwood City, 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 Redwood City’s effective property tax rate to other cities in California and the median property tax rates in California and the U.S.
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
1.18%
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
1.23%
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
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94061 | 1.07% | 1.11% | 1.16% | 1.27% | 1.61% |
| 94062 | 1.06% | 1.10% | 1.15% | 1.26% | 1.58% |
| 94063 | 1.10% | 1.19% | 1.31% | 1.54% | 1.98% |
| 94065 | 1.09% | 1.12% | 1.17% | 1.24% | 1.33% |
Source: Ownwell
$774
Average Annual Tax Savings
Save on Your Property Taxes and More With Ownwell
Property Tax Assessment Values Across Redwood City, San Mateo County, California
When examining property taxes in Redwood City, 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 assessor 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 Redwood City is $911,248, with tax bills ranging significantly across the county. 94062 has the highest median home price at $1,111,822.
Property Tax Assessment Values Across Redwood City, San Mateo County, California
Source: Ownwell
$462,344
$2,599,052
$4,735,760
Median Redwood City Market Value
$911,248
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 Redwood City, San Mateo County, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94061 | $172,254 | $471,694 | $931,452 | $1,563,776 | $2,142,780 |
| 94062 | $200,271 | $526,354 | $1,111,822 | $1,909,184 | $2,674,152 |
| 94063 | $181,864 | $338,752 | $618,804 | $1,048,592 | $1,443,215 |
| 94065 | $403,038 | $663,440 | $975,207 | $1,448,664 | $2,022,421 |
Source: Ownwell
$774
Average Annual Tax Savings
Save on Your Property Taxes and More With Ownwell
Property Tax Bills Across Redwood City, San Mateo County, California
Property tax bills in Redwood City are based on the assessed value of your home, not its market price alone. Local taxing authorities apply the property tax rate to that assessed value, and the final bill can also reflect exemptions, parcel details, and other local factors. For homeowners, that means two similar homes can receive very different tax bills depending on how they are assessed.
In Redwood City, the median home price is $911,248, while the median property tax bill is $12,403 in zip code 94062 and $7,440 in zip code 94063. That range shows how much location and assessment details can affect what you owe. Compared with the national median property tax rate of 1.02% and the national median property tax bill of $2,400, Redwood City homeowners often face much higher bills.
Ownwell can help homeowners review their assessments, identify savings opportunities, and appeal unfair property tax bills. By making sure your home is assessed correctly, Ownwell can help reduce what you pay and keep more money in your pocket.
Property Tax Bills Across Redwood City, San Mateo County, California
Source: Ownwell
$4,835
$26,810
$48,785
Median Redwood City Tax Bill
$10,417
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 Redwood City, San Mateo County, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94061 | $2,811 | $5,678 | $10,417 | $17,025 | $23,107 |
| 94062 | $3,068 | $6,357 | $12,403 | $20,647 | $28,717 |
| 94063 | $2,230 | $4,496 | $7,440 | $12,114 | $16,486 |
| 94065 | $5,032 | $7,922 | $11,384 | $16,391 | $22,140 |
Source: Ownwell
$774
Average Annual Tax Savings
Save on Your Property Taxes and More With Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | December 1 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| San Mateo Tax Assessor | |
| Website | county-taxes.net |