Albany, California Property Taxes
The median property tax rate in Albany, CA is 1.61%, 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 $534,006, the typical annual property tax bill reaches $8,494, significantly 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
1.61%
Estimate Property Tax Bill
$8,597
$7,978
$1,148
Average 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, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Albany is 1.61%, 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 counties in California and the national median. For comparison, the 94706 zip code has the highest median property tax rate of 1.61%, while the same 94706 zip code also has the lowest median tax rate of 1.61%. Understanding how these cities compare with Albany provides valuable insights into the varying tax landscape across Contra Costa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Albany Tax Rate
1.61%
Average Contra Costa County Tax Rate
1.36%
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 | 1.46% | 1.51% | 1.61% | 1.68% | 1.69% |
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 Contra Costa County Appraisal District 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. Albany's median home price is $534,006, with tax bills ranging from $6,887 at the 25th percentile to $14,701 at the 90th percentile. The highest and lowest median tax bills are both $8,494 in the 94706 zip code. Being aware of these valuation processes in Albany helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Albany Assessed Value
$534,006
Average Contra Costa County Assessed Value
$485,124
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 | $394,718 | $409,816 | $534,006 | $779,587 | $1,013,187 |
Source: Ownwell
$1,148
Average Albany Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Albany, California
In Albany, CA, property tax bills are calculated based on the assessed value of a property, which is determined by the Contra Costa County Assessor. The assessed value typically starts with the purchase price and can increase annually by up to 2%, in line with California's Proposition 13. Albany homeowners face property tax bills ranging from $6,887 at the 25th percentile to $14,701 at the 90th percentile, with a median home price of $534,006. The highest and lowest median tax bills in the area are both $8,494, found in the 94706 zip code. Factors such as property improvements and market conditions can also influence the assessed value, impacting the overall tax bill. Compared to the national median property tax rate of 0.99%, Albany's rates can be significantly higher, placing a financial burden on homeowners. Ownwell can help homeowners in Albany save on their property tax bills by offering expert property tax appeal and exemption services, ensuring that properties are fairly assessed and that homeowners pay only their fair share.
Average Albany Tax Bill
$8,494
Average Contra Costa County Tax Bill
$6,706
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 | $6,664 | $6,887 | $8,494 | $11,664 | $14,701 |
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 | November 30 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| Contra Costa Tax Assessor | |
| Website | www.contracosta.ca.gov |
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