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South Sacramento Today

Saturday, November 23, 2024

Analysis: Sacramento County effective property tax rates were lower than the national average in Q1

Realestate077

Property owners in Sacramento County paid 0.9% of the value of their homes in property taxes in the first quarter of 2024, which is less than 0.8 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 first quarter of 2024 was $480,000, based on data from the 2,851 properties sold during that time. In 2024, the median tax bill for the county was $4,182, which is 0.9% of the median value of the homes that were taxed.

This is 0.8 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 Fair Oaks paid the highest rates.

The above article calculates the effective property tax rate for 2024 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 first quarter of 2024.

CityQ1 2024 SalesQ1 2024 Median PriceMedian tax 2024Effective tax rate
Gold River36$633,250$7,0291.1%
Fair Oaks69$609,000$5,7931%
Sacramento937$455,000$3,8920.9%
Elk Grove232$615,750$5,6800.9%
Rancho Cordova145$480,000$4,2230.9%
Antelope99$480,000$4,2340.9%
Vineyard50$530,000$4,9880.9%
Rancho Murieta35$599,000$5,5930.9%
Arden-Arcade154$477,000$4,2060.9%
Galt49$480,000$4,1470.9%
Carmichael175$505,000$4,1570.8%
Citrus Heights197$450,000$3,4390.8%
Folsom113$750,000$6,2330.8%
Orangevale86$542,500$4,0980.8%
Elverta15$413,500$3,1600.8%
Rio Linda29$390,000$2,9920.8%
North Highlands99$390,000$2,5680.7%
Rosemont52$450,500$3,1040.7%
Florin66$400,500$2,7280.7%
La Riviera33$466,000$3,3380.7%
Foothill Farms76$417,500$2,5910.6%
Lemon Hill20$353,500$2,0280.6%
Parkway22$425,000$2,3670.6%
Fruitridge Pocket21$360,000$1,9950.6%
Wilton6$1,300,000$6,7340.5%
Walnut Grove2$860,000$4,6880.5%

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