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South Alameda News

Friday, November 22, 2024

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

Realestate077

Property owners in Alameda 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 Alameda News.

The median sales price of a Alameda County home in the second quarter of 2023 was $1,000,000, based on data from the 2,587 properties sold during that time. In 2023, the median tax bill for the county was $7,618, 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 Alameda County real estate data showed homeowners in Emeryville and Oakland 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 Emeryville with some other cities belonging to Alameda 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
Emeryville31$506,000$5,5591.1%
Oakland797$800,000$7,6611%
Alameda110$1,050,000$9,0450.9%
Albany27$1,111,500$9,8510.9%
Berkeley171$1,400,000$11,2360.8%
Ruby Hill2$2,200,500$17,6320.8%
Hayward56$782,500$6,1550.8%
Piedmont30$2,500,000$19,8720.8%
Cherryland16$680,000$5,6150.8%
Fairview22$932,500$7,0050.8%
San Leandro138$822,500$6,2250.8%
Dublin105$1,250,000$9,8930.8%
Ashland27$750,000$5,5260.7%
San Lorenzo23$840,000$5,6370.7%
Union City85$1,083,000$7,7000.7%
Livermore210$1,125,000$7,5270.7%
Pleasanton137$1,562,500$8,9550.6%
Castro Valley73$1,150,000$7,3600.6%
Fremont289$1,325,000$7,8420.6%
Newark83$1,200,000$6,2060.5%

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