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North Sacramento Today

Thursday, November 21, 2024

Sacramento County effective property tax rate in Q4 2023 was lower than the national average

Realestate077

Property owners in Sacramento County paid 0.8% of the value of their homes in property taxes in the fourth 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 fourth quarter of 2023 was $485,000, based on data from the 2,856 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 Rancho Murieta and Gold River 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 Rancho Murieta with some other cities belonging to Sacramento County by their median effective property tax rate, calculated using sales and property tax data from the fourth quarter of 2023.

CityQ4 2023 SalesQ4 2023 Median PriceMedian tax 2023Effective tax rate
Rancho Murieta20$447,500$5,4031.2%
Gold River20$645,000$6,7901.1%
Elk Grove249$605,000$5,4880.9%
Rancho Cordova133$470,000$4,0800.9%
Folsom150$697,500$6,0220.9%
Fair Oaks80$634,500$5,5970.9%
Vineyard61$545,000$4,8190.9%
Arden-Arcade197$455,000$4,0640.9%
Sacramento941$456,000$3,7600.8%
Carmichael175$535,000$4,0160.8%
Orangevale82$523,500$3,9590.8%
Antelope78$490,000$4,0900.8%
Galt31$479,000$4,0060.8%
Citrus Heights160$450,000$3,3230.7%
North Highlands94$375,500$2,4810.7%
Rosemont49$450,000$2,9990.7%
La Riviera22$432,500$3,2240.7%
Wilton12$900,000$6,5050.7%
Foothill Farms76$407,500$2,5030.6%
Elverta15$525,000$3,0530.6%
Lemon Hill22$347,250$1,9600.6%
Florin77$419,000$2,6350.6%
Rio Linda38$450,000$2,8910.6%
Fruitridge Pocket11$333,000$1,9280.6%
Parkway28$426,500$2,2870.5%
Isleton3$475,000$2,1870.5%

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