Sacramento, California Property Taxes
The median property tax rate in Sacramento, CA is 1.06%, which is higher than both the national median of 0.99% and the California state median of 1.21%. With the median home value in Sacramento at $393,397, the typical annual property tax bill reaches $4,830, surpassing the national median of $2,690. Property taxes in Sacramento are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sacramento'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 Sacramento 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
Sacramento, California Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,420
Ownwell’s Sacramento Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sacramento with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sacramento to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Sacramento, California
Property taxes in Sacramento, California, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sacramento is 0.81%, lower than both the California state median of 0.76% and the U.S. national median of 0.99%. Local government entities within Sacramento set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sacramento 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 Sacramento's effective property tax rate to other counties in California and the national median. For comparison, the 95836 zip code has the highest median property tax rate of 0.81%, while the 95837 zip code has the lowest median tax rate of 0.81%. Understanding how these cities compare with Sacramento provides valuable insights into the varying tax landscape across Sacramento County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sacramento Tax Rate
1.06%
Average Sutter County Tax Rate
1.18%
Average California Tax Rate
1.21%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sacramento, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95836 | 1.59% | 1.59% | 1.59% | 1.59% | 1.59% |
| 95837 | 1.05% | 1.05% | 1.06% | 1.17% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Sacramento, California
In Sacramento, 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 Sacramento 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 Sacramento, 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 Sacramento is $13,327 in the 95836 zip code, while the lowest is $4,504 in the 95837 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 Sacramento Assessed Value
$393,397
Average Sutter County Assessed Value
$241,361
Average California Assessed Value
$378,421
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sacramento, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95836 | $838,443 | $838,443 | $838,443 | $838,443 | $838,443 |
| 95837 | $22,949 | $79,013 | $385,886 | $614,843 | $988,034 |
Source: Ownwell
Property Tax Bills Across Sacramento, California
Property tax bills in Sacramento, Sutter County, CA, are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is then multiplied by the local property tax rate. In Sacramento, the tax rate can vary but is generally around the state average. Factors such as property improvements, market conditions, and neighborhood developments can influence the assessed value. For homeowners, this means that a higher assessed value results in a higher tax bill. For instance, the median home price in Sacramento is $393,397, leading to varying tax bills. The 25th percentile tax bill is $1,082, while the 75th percentile reaches $6,671, and the 90th percentile can be as high as $10,932. The highest median tax bill in the area is $13,327 in zip code 95836, contrasting with the lowest median tax bill of $4,504 in zip code 95837. These variations illustrate the significant impact property value assessments can have on homeowners' annual expenses.
Average Sacramento Tax Bill
$4,830
Average Sutter County Tax Bill
$2,986
Average California Tax Bill
$4,683
Average United States Tax Bill
$2,690
Property Tax Bills Across Sacramento, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 95836 | $13,327 | $13,327 | $13,327 | $13,327 | $13,327 |
| 95837 | $599 | $1,047 | $4,504 | $6,550 | $10,518 |
Source: Ownwell