Albany, California Property Taxes
The median property tax rate in Albany, CA is 1.90%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Albany at $474,636, the typical annual property tax bill reaches $9,066, far exceeding the national median of $2,690. Property taxes in Albany are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Albany's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Albany or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Albany, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.9%
Estimate Property Tax Bill
$9,018
$8,517
$1,148
Average Albany, California Tax Savings
Ownwell’s Albany Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Albany with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Albany to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Albany. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Albany, California
Property taxes in Albany, California, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Albany is 1.90%, significantly higher than the U.S. national median of 0.99%. Local government entities within Albany set these rates annually, and they can vary significantly across different neighborhoods. Each year, Albany estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Albany's effective property tax rate to other cities in Alameda County and the national median. For comparison, the 94706 zip code has the highest median property tax rate of 1.90%, while the 94707 zip code has the lowest median tax rate of 1.77%. Understanding how these cities compare with Albany provides valuable insights into the varying tax landscape across Alameda County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Albany Tax Rate
1.90%
Average Alameda County Tax Rate
1.45%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Albany, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94706 | 1.59% | 1.69% | 1.90% | 2.39% | 3.93% |
| 94707 | 1.53% | 1.58% | 1.77% | 2.05% | 3.70% |
Source: Ownwell
$1,148
Average Albany Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Albany, California
In Albany, California, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Alameda County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Albany, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, the highest median tax bill in Albany is $11,165 in the 94707 zip code, while the lowest median tax bill is $9,029 in the 94706 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Albany Assessed Value
$474,636
Average Alameda County Assessed Value
$508,791
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Albany, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94706 | $94,785 | $249,729 | $473,095 | $804,688 | $1,090,730 |
| 94707 | $80,100 | $328,208 | $638,023 | $1,241,968 | $1,672,350 |
Source: Ownwell
$1,148
Average Albany Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Albany, California
In Albany, Alameda County, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. For example, the median home price in Albany is $474,636. Property taxes are then applied to this assessed value, with the median tax bill falling between $5,893 and $13,589, depending on the property's specific characteristics and location. Factors such as home improvements, market conditions, and neighborhood amenities can influence the assessed value and, consequently, the tax bill. Homeowners in Albany face property tax rates higher than the national median of 0.99%, which can significantly impact their financial planning. The highest median tax bill in the area is a substantial $11,165, particularly in the 94707 zip code. Ownwell helps homeowners reduce their property tax bills by providing professional appeal and exemption services. By reviewing your property’s assessed value and identifying potential errors or opportunities for exemptions, Ownwell ensures you pay only your fair share, potentially saving you thousands of dollars annually.
Average Albany Tax Bill
$9,066
Average Alameda County Tax Bill
$7,523
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Albany, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94706 | $3,774 | $5,882 | $9,029 | $13,495 | $17,551 |
| 94707 | $3,599 | $6,829 | $11,165 | $19,568 | $24,453 |
Source: Ownwell
$1,148
Average Albany Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 16 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| Alameda Tax Assessor | |
| Phone | (510) 272-3787 |
| Website | propinfo.acgov.org |
| AssessorWebResponse@acgov.org | |
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