Property Taxes in San Mateo County
Specific neighborhoods throughout San Mateo County have higher property taxes than others. You must know what you’ll pay before buying a home as it adds to the overall expense of the transaction. You’ll be responsible for paying for property taxes each year.
According to the most recent data available from SmartAsset, the median property tax that homeowners in San Mateo County pay is $6,043/year for a property with a median value of $917,700. Whatever the fair market value of a home is, the County collects an average effective property tax rate of 0.66 percent. San Mateo County is an area with one of the highest property taxes in the nation. The area does offer a lot of value, however, when you consider the beautiful neighborhoods that it has available for you to move into today.
What the Neighborhoods in San Mateo Have to Offer You
San Mateo Park is among the best locations in the area. Architecturally-speaking, it has some of the most stunning homes built by renowned architects such as Julia Morgan, Bernard Maybeck, and John Howard. John McLaren, the designer of San Francisco’s Golden Gate Bridge, helped choose the trees that line the streets in the neighborhood.
Outdoor buffs love Sugarloaf thanks to its many walking and hiking trails. Located in Laurelwood Park, it offers an excellent view of San Francisco. Dogs are welcome as long as they are on a leash. You can also run the trails in the area if you wish to do so.
North Central has a lot to offer single commuters, students, and families. The homes in this neighborhood are very affordable. The cost of living is considerably less than San Mateo’s average, too, making it a promising place to live when you first move to the area. According to Nextdoor and information taken from the 2010 US Census, 42 percent of residents are homeowners.
As you can see, there are many reasons to consider the different neighborhoods in San Mateo. Each offers you something extra from architectural history to the area parks and trails. Choosing your new home is easy considering you now know which neighborhoods give you that extra special something.
Work with Your Realtor to Find the Perfect Home in the Right Neighborhood
Are you ready to find your perfect home? Work closely with your realtor to help you find the right home in the right neighborhood. At Meraki Real Estate, we’re committed to helping you achieve your goals. We care deeply about our community and believe that together, we can make a difference.