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South Sacramento Today

Thursday, November 21, 2024

Analysis: Sacramento County effective property tax rates were lower than the national average in Q2 2023

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

The median sales price of a Sacramento County home in the second quarter of 2023 was $485,000, based on data from the 3,729 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 paid the highest tax rate of 1%.

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 second quarter of 2023.

CityQ2 2023 SalesQ2 2023 Median PriceMedian tax 2023Effective tax rate
Gold River28$714,500$6,7901%
Elk Grove338$610,000$5,4880.9%
Rancho Cordova187$470,000$4,0800.9%
Fair Oaks110$630,000$5,5970.9%
Antelope120$475,500$4,0900.9%
Vineyard91$535,000$4,8190.9%
Rancho Murieta24$586,500$5,4030.9%
Sacramento1,238$462,250$3,7600.8%
Carmichael203$525,000$4,0160.8%
Folsom178$722,500$6,0220.8%
Arden-Arcade253$485,000$4,0640.8%
La Riviera35$415,000$3,2240.8%
Galt42$479,500$4,0060.8%
Citrus Heights227$460,000$3,3230.7%
Orangevale107$533,000$3,9590.7%
Elverta18$425,000$3,0530.7%
Rosemont78$429,500$2,9990.7%
Rio Linda45$420,000$2,8910.7%
Foothill Farms99$395,000$2,5030.6%
North Highlands106$388,000$2,4810.6%
Florin80$410,000$2,6350.6%
Wilton16$1,060,000$6,5050.6%
Parkway24$395,000$2,2870.6%
Fruitridge Pocket16$350,000$1,9280.6%
Lemon Hill27$358,000$1,9600.5%
Isleton3$450,000$2,1870.5%

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