Stanford, California Property Taxes
The median property tax rate in Stanford, CA is 1.21%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Stanford at $1,086,268, the typical annual property tax bill reaches $12,481, significantly exceeding the national median of $2,690. Property taxes in Stanford 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 Stanford'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 Stanford 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
Stanford, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$13,144
$12,413
$1,148
Average Stanford, California Tax Savings
Ownwell’s Stanford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stanford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stanford 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 Stanford. 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 Stanford, California
Property taxes in Stanford, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stanford is 1.21%, which is higher than the U.S. national median of 0.99%. Local government entities within Stanford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stanford 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 Stanford's effective property tax rate to other areas and the national median. For comparison, the 94305 zip code has the highest median property tax rate of 1.21%, while the same zip code also has the lowest median tax rate of 1.21%. Understanding how these figures compare with Stanford provides valuable insights into the varying tax landscape across Santa Clara County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stanford Tax Rate
1.21%
Average Santa Clara County Tax Rate
1.31%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stanford, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94305 | 1.16% | 1.18% | 1.21% | 1.27% | 1.42% |
Source: Ownwell
$1,148
Average Stanford Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Stanford, California
In Stanford, 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 Santa Clara 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 Stanford, 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. Being aware of these valuation processes in Stanford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Stanford is $12,481 in the 94305 zip code, which also has the lowest median tax bill at the same amount.
Property Tax Assessment Values Across Stanford, California
Source: Ownwell
$41,240
$1,437,154
$2,833,068
Average Stanford Assessed Value
$1,086,268
Average Santa Clara County Assessed Value
$683,381
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stanford, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94305 | $201,848 | $499,702 | $1,086,268 | $2,183,774 | $3,445,713 |
Source: Ownwell
$1,148
Average Stanford Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Stanford, California
In Stanford, located in Santa Clara County, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in this region is $1,086,268. Property taxes are influenced by various factors, including the property's market value and any applicable exemptions. For instance, the 25th percentile tax bill stands at $5,503, while the 75th percentile reaches $23,770, and the 90th percentile can be as high as $36,848. These property taxes can significantly impact homeowners, especially when compared to the national median property tax rate of 0.99%. High property taxes can strain household budgets, making it essential for homeowners to seek ways to reduce their tax burden. Ownwell offers expert property tax appeal and exemption services that can help homeowners in Stanford lower their property tax bills. By leveraging local market data and appealing inaccurate assessments, Ownwell can potentially save homeowners thousands of dollars annually.
Average Stanford Tax Bill
$12,481
Average Santa Clara County Tax Bill
$8,895
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Stanford, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94305 | $2,408 | $5,503 | $12,481 | $23,770 | $36,848 |
Source: Ownwell
$1,148
Average Stanford 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 | |
|---|---|
| Santa Clara Tax Assessor | |
| Phone | (408) 299-5372 |
| Website | www.sccassessor.org |
| dawn.cieslik@asr.sccgov.org | |
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