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South SFV Today

Tuesday, October 1, 2024

Santa Clara County effective property tax rate in Q1 2022 was lower than the national average

Realestate3

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Property owners in Santa Clara County paid 0.6% of the value of their homes in property taxes in the first quarter of 2022, which is less than 0.5 times the national average, according to the real estate analysis posted by the South SFV Today.

The median sales price of a Santa Clara County home in the first quarter of 2022 was $1,413,000, based on data from the 3,933 properties sold during that time. In 2021 the median tax bill for the county was $8,207, which is 0.6% of the median value of the homes that were taxed.

This is 0.5 times lower than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Santa Clara County real estate data showed homeowners in five cities paid the highest tax rate of 0.7%.

The following table compares Burbank with some other cities belonging to Santa Clara County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2022.

CityQ1 2022 SalesQ1 2022 Median PriceMedian tax 2022Effective tax rate
Burbank9$985,000$7,3550.7%
Lexington Hills6$1,012,500$7,1840.7%
Morgan Hill132$1,195,000$8,1600.7%
San Martin11$1,088,000$7,9570.7%
Gilroy141$985,000$7,3230.7%
San Jose1,942$1,327,500$8,0820.6%
Campbell87$1,650,000$9,1420.6%
Los Altos Hills13$5,480,000$31,1910.6%
Monte Sereno19$3,614,000$21,3460.6%
Milpitas157$1,230,000$7,6160.6%
Alum Rock25$955,000$5,7670.6%
East Foothills21$1,628,000$9,0180.6%
Loyola9$3,550,000$22,2800.6%
Sunnyvale263$1,740,000$8,4900.5%
Los Gatos87$2,450,000$12,6390.5%
Saratoga50$3,718,000$17,0420.5%
Mountain View176$1,814,500$9,9700.5%
Cupertino97$2,400,000$12,0000.5%
Palo Alto137$3,450,000$13,5010.4%
Santa Clara38$1,894,750$7,7530.4%
Fruitdale4$1,737,500$7,2600.4%
Los Altos46$3,916,000$17,4090.4%
Cambrian Park7$2,486,500$8,6650.3%

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