RESENDING: NEWS: County Controller Publishes Property Tax Highlights for FY 2023-24
San Mateo County, California sent this bulletin at 01/15/2025 11:31 AM PST
**Resending to fix broken link**
Jan. 15, 2025
For Immediate Release
County Controller Publishes Property Tax Highlights for FY 2023-24
County and cities face potential $235 million in-lieu VLF revenue shortfall
Redwood City – Countywide combined property taxes jumped 8 percent over last year, increasing by $286 million the funds used to help operate local cities, school districts, special districts and the County.
The breakdown of where the $3.9 billion in total property tax went as well as overall financial information and historical trends are detailed in the San Mateo County Controller’s Property Tax Highlights publication for fiscal year (FY) 2023-24.
“It’s important that we provide taxpayers and residents visibility into the local tax dollars they pay and where those local dollars go,” said County Controller Juan Raigoza.
The $3.9 billion consists of the countywide 1 percent General Tax totaling $3.1 billion, $401 million for special charges and $379 million for debt service.
