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Santa Clara Today

Tuesday, November 26, 2024

Effective property tax rate in Santa Clara County were lighter than the national average in Q2 2022

Realestate5

Property owners in Santa Clara County paid 0.5% of the value of their homes in property taxes in the second 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 second quarter of 2022 was $1,525,000, based on data from the 5,122 properties sold during that time. In 2021 the median tax bill for the county was $8,207, which is 0.5% 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, Burbank, and Gilroy paid the highest rates.

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 second quarter of 2022.

CityQ2 2022 SalesQ2 2022 Median PriceMedian tax 2022Effective tax rate
Stanford3$1,559,000$11,8720.8%
Burbank8$979,000$7,3550.8%
Gilroy187$1,065,000$7,3230.7%
San Jose2,430$1,430,000$8,0820.6%
Monte Sereno15$3,800,000$21,3460.6%
Lexington Hills14$1,210,000$7,1840.6%
Morgan Hill180$1,389,500$8,1600.6%
San Martin11$1,250,000$7,9570.6%
East Foothills17$1,500,000$9,0180.6%
Sunnyvale392$1,861,500$8,4900.5%
Campbell148$1,794,000$9,1420.5%
Los Gatos119$2,550,000$12,6390.5%
Los Altos Hills26$5,740,500$31,1910.5%
Mountain View224$1,895,000$9,9700.5%
Milpitas221$1,385,000$7,6160.5%
Fruitdale2$1,350,000$7,2600.5%
Alum Rock13$1,100,000$5,7670.5%
Cupertino94$2,610,000$12,0000.5%
Loyola11$4,900,000$22,2800.5%
Palo Alto171$3,300,000$13,5010.4%
Saratoga96$3,800,000$17,0420.4%
Santa Clara47$2,070,000$7,7530.4%
Cambrian Park12$2,292,500$8,6650.4%
Los Altos78$4,130,500$17,4090.4%

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