Property owners in Santa Clara County paid 0.6% of the value of their homes in property taxes in the third quarter of 2022, which is less than 0.5 times the national average, according to the real estate analysis posted by the Santa Clara Today.
The median sales price of a Santa Clara County home in the third quarter of 2022 was $1,380,000, based on data from the 3,732 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 Stanford paid the highest tax rate of 2.3%.
The following table compares Stanford 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 third quarter of 2022.
| City | Q3 2022 Sales | Q3 2022 Median Price | Median tax 2022 | Effective tax rate |
|---|---|---|---|---|
| Stanford | 3 | $510,000 | $11,872 | 2.3% |
| Los Altos Hills | 18 | $4,225,000 | $31,191 | 0.7% |
| Burbank | 9 | $1,000,000 | $7,355 | 0.7% |
| Morgan Hill | 139 | $1,200,000 | $8,160 | 0.7% |
| Gilroy | 138 | $1,030,500 | $7,323 | 0.7% |
| Alum Rock | 12 | $845,000 | $5,767 | 0.7% |
| San Jose | 1,734 | $1,259,500 | $8,082 | 0.6% |
| Campbell | 106 | $1,564,500 | $9,142 | 0.6% |
| Los Gatos | 79 | $2,100,000 | $12,639 | 0.6% |
| Monte Sereno | 19 | $3,786,000 | $21,346 | 0.6% |
| Milpitas | 121 | $1,260,000 | $7,616 | 0.6% |
| Lexington Hills | 5 | $1,149,000 | $7,184 | 0.6% |
| East Foothills | 17 | $1,503,000 | $9,018 | 0.6% |
| Palo Alto | 137 | $2,850,000 | $13,501 | 0.5% |
| Sunnyvale | 247 | $1,600,000 | $8,490 | 0.5% |
| Saratoga | 68 | $3,412,500 | $17,042 | 0.5% |
| Mountain View | 192 | $1,889,000 | $9,970 | 0.5% |
| Cambrian Park | 12 | $1,725,000 | $8,665 | 0.5% |
| Fruitdale | 2 | $1,412,500 | $7,260 | 0.5% |
| Los Altos | 79 | $3,700,000 | $17,409 | 0.5% |
| San Martin | 10 | $1,462,500 | $7,957 | 0.5% |
| Cupertino | 103 | $2,500,000 | $12,000 | 0.5% |
| Loyola | 11 | $4,200,000 | $22,280 | 0.5% |
| Santa Clara | 39 | $1,725,000 | $7,753 | 0.4% |
