Redwood City, CA — income, home value, property tax, and sales tax.
ZIP code 94027, in the Redwood City area, ranks among the wealthiest places in the country. Median household income exceeds $250,001, and per-capita income reaches $188,761. Housing values are extraordinary: the median home stands at $2,000,001. Even so, the county-level effective property tax rate of 0.61% is low enough that the annual tax bill, while substantial in dollar terms, takes a smaller share of home value than in many other parts of California. Sales tax runs 9.38%. This is a distinctly affluent enclave where high earnings and towering property values coexist with a comparatively restrained property tax rate.
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