Saratoga, California Property Taxes
The median property tax rate in Saratoga, CA is 1.23%, considerably higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Saratoga at $1,552,173, the typical annual property tax bill reaches $18,191, significantly exceeding the national median of $2,690. Property taxes in Saratoga 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 Saratoga'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 Saratoga 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
Saratoga, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
$1,272
$1,148
Average Saratoga, California Tax Savings
Ownwell’s SARATOGA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SARATOGA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SARATOGA 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 SARATOGA. 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 Saratoga, California
Property taxes in Saratoga, California, are essential in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Saratoga is 1.23%, higher than the U.S. national median of 0.99%. Local government entities within Saratoga set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saratoga 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 Saratoga's effective property tax rate to other areas in Santa Clara County and the national median. For comparison, the 95070 zip code has the highest median property tax rate of 1.23%, while the 95070 zip code also has the lowest median tax rate of 1.23%. Understanding how these areas compare with Saratoga 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 Saratoga Tax Rate
1.23%
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 Saratoga, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95070 | 1.17% | 1.19% | 1.23% | 1.31% | 1.55% |
Source: Ownwell
$1,148
Average Saratoga Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Saratoga, California
In Saratoga, 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's Office 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 Saratoga, 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. The median home price in Saratoga is $1,552,173, with property tax bills ranging from $9,352 at the 25th percentile to $41,252 at the 90th percentile. Being aware of these valuation processes in Saratoga helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Saratoga, California
Source: Ownwell
$41,240
$1,437,154
$2,833,068
Average Saratoga Assessed Value
$1,552,173
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 Saratoga, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95070 | $249,544 | $766,679 | $1,552,231 | $2,519,672 | $3,615,648 |
Source: Ownwell
$1,148
Average Saratoga Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Saratoga, California
In Saratoga, CA, property tax bills are calculated based on the assessed value of your home, which is typically determined by the county assessor. The median home price in Saratoga is $1,552,173, significantly higher than the national average. Homeowners in Saratoga can expect tax bills ranging from $9,352 at the 25th percentile to $41,252 at the 90th percentile, with the highest median tax bill in zip code 95070 being $18,196. The assessed value is influenced by factors such as market conditions, property improvements, and location within Santa Clara County. High property tax bills can place a substantial financial burden on homeowners. This is where Ownwell steps in to help. Ownwell specializes in property tax appeal and exemption services, ensuring that your property is assessed fairly. By leveraging their expertise, homeowners can potentially reduce their tax liabilities, saving thousands of dollars annually. With Ownwell’s assistance, you can navigate the complexities of property tax assessments and secure a more manageable tax bill.
Average Saratoga Tax Bill
$18,191
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 Saratoga, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95070 | $3,479 | $9,366 | $18,196 | $29,009 | $41,254 |
Source: Ownwell
$1,148
Average Saratoga 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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