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Saturday, November 23, 2024

Effective property tax rate in Sacramento County were lower than the national average in Q3 2023

Realestate4

Property owners in Sacramento County paid 0.8% of the value of their homes in property taxes in the third quarter of 2023, which is less than 0.7 times the national average, according to the real estate analysis posted by North Sacramento Today.

The median sales price of a Sacramento County home in the third quarter of 2023 was $495,000, based on data from the 3,659 properties sold during that time. In 2023, the median tax bill for the county was $4,041, which is 0.8% of the median value of the homes that were taxed.

This is 0.7 times lower than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Sacramento County real estate data showed homeowners in Gold River and Walnut Grove paid the highest rates.

The above article calculates the effective property tax rate for 2023 using estimated inflation values and 2021 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

The following table compares Gold River with some other cities belonging to Sacramento County by their median effective property tax rate, calculated using sales and property tax data from the third quarter of 2023.

CityQ3 2023 SalesQ3 2023 Median PriceMedian tax 2023Effective tax rate
Gold River30$660,750$6,7901%
Walnut Grove5$440,000$4,5291%
Elk Grove302$603,500$5,4880.9%
Rancho Cordova206$479,500$4,0800.9%
Fair Oaks84$607,500$5,5970.9%
Vineyard86$562,000$4,8190.9%
Rancho Murieta35$590,000$5,4030.9%
Sacramento1,154$465,000$3,7600.8%
Carmichael207$531,000$4,0160.8%
Folsom211$712,000$6,0220.8%
Antelope135$495,000$4,0900.8%
Arden-Arcade237$500,000$4,0640.8%
Wilton13$857,500$6,5050.8%
Galt54$491,000$4,0060.8%
Citrus Heights218$454,000$3,3230.7%
Orangevale85$549,000$3,9590.7%
North Highlands112$380,750$2,4810.7%
Elverta30$460,000$3,0530.7%
Rosemont68$456,500$2,9990.7%
Florin76$405,000$2,6350.7%
La Riviera45$465,000$3,2240.7%
Rio Linda41$415,000$2,8910.7%
Foothill Farms96$400,000$2,5030.6%
Parkway23$390,000$2,2870.6%
Lemon Hill25$390,000$1,9600.5%
Isleton5$400,000$2,1870.5%
Fruitridge Pocket25$367,000$1,9280.5%

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