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South Alameda News

Friday, November 22, 2024

Analysis: Alameda County effective property tax rate were lighter than the national average in Q1 2023

Realestate5

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

The median sales price of a Alameda County home in the first quarter of 2023 was $910,000, based on data from the 1,688 properties sold during that time. In 2021 the median tax bill for the county was $6,683, which is 0.7% 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 Alameda County real estate data showed homeowners in Cherryland and San Lorenzo paid the highest rates.

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

CityQ1 2023 SalesQ1 2023 Median PriceMedian tax 2023Effective tax rate
Cherryland3$375,000$5,6151.5%
San Lorenzo3$530,000$5,6371.1%
Oakland493$775,000$7,6611%
Emeryville44$538,500$5,5591%
Berkeley109$1,280,000$11,2360.9%
Alameda72$1,012,500$9,0450.9%
Albany25$1,060,000$9,8510.9%
Dublin66$1,099,000$9,8930.9%
Ashland6$714,000$5,5260.8%
Piedmont17$2,500,000$19,8720.8%
Fairview7$875,000$7,0050.8%
Livermore148$950,000$7,5270.8%
San Leandro98$750,000$6,2250.8%
Hayward35$875,000$6,1550.7%
Newark59$930,000$6,2060.7%
Pleasanton98$1,300,000$8,9550.7%
Union City60$1,125,000$7,7000.7%
Castro Valley21$985,000$7,3600.7%
Fremont187$1,250,000$7,8420.6%

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