Property Taxes in San Mateo, Florida
Median San Mateo, Florida effective property tax rate: 0.79%, significantly lower than the national median of 1.02%, and lower than the Florida state median of 1.10%.
Median San Mateo, Florida home value: $157,500
Median annual San Mateo, Florida tax bill: $1,230, lower than the national median property tax bill of $2,400.
How are property taxes in Putnam calculated?
Property taxes in San Mateo, Florida are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding San Mateo's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in San Mateo, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the San Mateo Property Tax Calculator Work?
Use this San Mateo property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies San Mateo's median effective tax rate of 0.79% — based on actual property records in Putnam County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies San Mateo's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within San Mateo: rates range from 0.79% in 32187 to 0.79% in 32187, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across San Mateo.
About San Mateo Property Taxes
About Property Taxes in San Mateo, Putnam, Florida
San Mateo’s median effective property tax rate of 0.79% is lower than the Florida state median of 1.10% and lower than the national median of 1.02%. This rate reflects the Putnam County levy combined with local taxing authorities that shape what homeowners pay across the area.
Property tax rates are not uniform across San Mateo. Homeowners in the 32187 ZIP code carry a median effective rate of 0.79%, and the same ZIP also shows the city’s median tax bill of $1,230. Understanding how assessed value and local taxing boundaries affect your bill can make a meaningful difference.
San Mateo homeowners who believe their assessed value is too high can file a formal appeal with the Putnam County Property Appraiser before the September 15, 2026 deadline each year.
If your estimated bill seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across San Mateo, Putnam County, Florida
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare San Mateo's effective property tax rate to other cities in Florida and the median property tax rates in Florida and the U.S.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective San Mateo Tax Rate
0.79%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Putnam County Tax Rate
1.08%
Median Effective Florida Tax Rate
1.10%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across San Mateo, Putnam County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32187 | 0.34% | 0.54% | 0.79% | 1.55% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across San Mateo, Putnam County, Florida
When examining property taxes in San Mateo, Florida, understanding the distinction between "market value" and "assessed value" is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Putnam County property appraiser estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Putnam County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of March.
Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. The median home price in San Mateo is $157,500, and the median property tax bill is $1,230, compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400. For example, 32187 has the highest median home price at $157,500.
Property Tax Assessment Values Across San Mateo, Putnam County, Florida
Source: Ownwell
$59,235
$194,645
$330,055
Median San Mateo Market Value
$157,500
Median Putnam County Market Value
$127,430
Median Florida Market Value
$310,033
Median United States Market Value
$274,101
Property Tax Assessment Values Across San Mateo, Putnam County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32187 | $45,450 | $88,320 | $157,500 | $267,560 | $397,270 |
Source: Ownwell
Property Tax Bills Across San Mateo, Putnam County, Florida
Property tax bills in San Mateo are based on the assessed value of a home, which is then multiplied by the local tax rate. For a home with a median value of $157,500, the bill can vary widely depending on the property’s assessment and any local taxing authorities that apply. In this area, the 25th percentile tax bill is $685, while the 75th percentile is $2,310 and the 90th percentile reaches $3,615. The median tax bill is $1,230, which is below the national median property tax bill of $2,400 and also below the national median property tax rate of 1.02%.
Homeowners pay more when their assessed value rises, and they may pay less if exemptions or other reductions apply. Because taxes are tied to value, similar homes can still have different bills if their assessments differ.
Median San Mateo Tax Bill
$1,230
Median Putnam County Tax Bill
$1,151
Median Florida Tax Bill
$3,263
Median United States Tax Bill
$3,209
Property Tax Bills Across San Mateo, Putnam County, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32187 | $276 | $685 | $1,230 | $2,310 | $3,615 |
Source: Ownwell
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 8 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Putnam Property Appraiser | |
| Website | apps.putnam-fl.com |