ZIP Code 94061

In ZIP code 94061, near Redwood City, the median home value of $1,900,500 is steep next to a median household income of $146,265. The county's 0.61% effective property tax rate works out to roughly $11,593 a year on that median value, a substantial sum even against per-capita income of $75,241. Combined with a 9.88% sales tax rate, housing costs and taxes together take a real bite out of earnings. High home values paired with a comparatively gentle tax rate still produce large annual bills, since the rate applies to such a costly base.