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San Lorenzo, California Property Taxes

The median property tax rate in San Lorenzo, CA is 1.43%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in San Lorenzo at $372,068, the typical annual property tax bill reaches $5,279, exceeding the national median of $2,690. Property taxes in San Lorenzo 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 San Lorenzo'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 San Lorenzo 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

San Lorenzo, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.43%

Estimate Property Tax Bill

$5,321

$4,937

SAVE WITH OWNWELL

$1,148

Average Tax Savings

Ownwell’s SAN LORENZO Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SAN LORENZO with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SAN LORENZO 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 SAN LORENZO. 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 San Lorenzo, California

Property taxes in San Lorenzo, California, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in San Lorenzo is 1.43%, significantly higher than the U.S. national median of 0.99%. Local government entities within San Lorenzo set these rates annually, and they can vary across different neighborhoods. Each year, San Lorenzo 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 San Lorenzo's effective property tax rate to other regions and the national median. For comparison, the 94580 zip code has the highest median property tax rate of 1.43%, while the same zip code also has the lowest median tax rate of 1.43%. Understanding how these cities compare with San Lorenzo 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.

Property Tax Rates Across San Lorenzo, California

Source: Ownwell

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1.12%

2.06%

2.99%

Average San Lorenzo Tax Rate

1.43%

Average Alameda County Tax Rate

1.45%

Average California Tax Rate

1.21%

Average United States Tax Rate

0.99%

Property Tax Rates Across San Lorenzo, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
945801.32%1.35%1.43%1.56%2.17%

Source: Ownwell

Property Tax Assessment Values Across San Lorenzo, California

In San Lorenzo, California, understanding the distinction between "market value" and "assessed value" is essential for navigating property taxes. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the Alameda County Assessor for tax purposes. Conversely, 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 San Lorenzo, 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 San Lorenzo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in San Lorenzo both stand at $5,279 in the 94580 zip code.

Property Tax Assessment Values Across San Lorenzo, California

Source: Ownwell

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$166,630

$941,789

$1,716,948

Average San Lorenzo Assessed Value

$372,068

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 San Lorenzo, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
94580$80,400$230,838$372,068$556,670$718,080

Source: Ownwell

Property Tax Bills Across San Lorenzo, California

In San Lorenzo, Alameda County, CA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically based on the market value of the property at the time of purchase, adjusted annually for inflation. For example, with a median home price of $372,068, the property tax bill can vary significantly depending on the specific characteristics of the property and local tax rates. The tax bill in San Lorenzo ranges from the 25th percentile at $3,561 to the 90th percentile at $9,476. These variations are influenced by factors such as property location, improvements, and exemptions. With the national median property tax rate at 0.99%, San Lorenzo's rates can be considered relatively high, impacting homeowners' annual expenses. Ownwell can assist homeowners in San Lorenzo by providing expert property tax appeal and exemption services. By analyzing the assessed value and identifying discrepancies or opportunities for exemptions, Ownwell helps homeowners reduce their tax bills, ensuring they pay only their fair share.

Property Tax Bills Across San Lorenzo, California

Source: Ownwell

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$2,030

$13,646

$25,262

Average San Lorenzo Tax Bill

$5,279

Average Alameda County Tax Bill

$7,523

Average California Tax Bill

$4,683

Average United States Tax Bill

$2,690

Property Tax Bills Across San Lorenzo, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
94580$1,738$3,561$5,279$7,511$9,476

Source: Ownwell

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