NEWS: County Controller Publishes Property Tax Highlights for FY 2022-23
San Mateo County, California sent this bulletin at 01/24/2024 12:22 PM PST
Jan. 23, 2024
For Immediate Release
County Controller Publishes Property Tax Highlights for FY 2022-23
County and cities facing potential $184 million VLF revenue shortfall
Redwood City – The Property Tax Highlights publication, which shows tax revenues collected and distributed to local governments operating within San Mateo County, is now available for fiscal year (FY) 2022-23.
Countywide combined property taxes totaled $3.6 billion for FY 2022-23, an increase of $258 million (or 7.7 percent) compared to the prior year, representing 12 consecutive years of property tax growth. Over the last 10 years countywide assessed values and taxes have increased 84 percent.
These taxes help fund the operations of local cities, school districts, special districts and the County which provide services to the county’s residents.
