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Sacramento Standard

Friday, September 20, 2024

Sacramento County effective property tax rate in Q2 was lower than the national average

Realestate4

Property owners in Sacramento County paid 0.8% of the value of their homes in property taxes in the second quarter of 2024, which is less than 0.7 times the national average, according to the real estate analysis posted by Sacramento Standard.

The median sales price of a Sacramento County home in the second quarter of 2024 was $510,000, based on data from the 2,340 properties sold during that time. In 2024, the median tax bill for the county was $4,182, which is 0.8% of the median value of the homes that were taxed.

This is 0.7 times lower than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Sacramento County real estate data showed homeowners in Walnut Grove and Gold River paid the highest rates.

The above article calculates the effective property tax rate for 2024 using estimated inflation values and 2021 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

The following table compares Walnut Grove with some other cities belonging to Sacramento County by their median effective property tax rate, calculated using sales and property tax data from the second quarter of 2024.

CityQ2 2024 SalesQ2 2024 Median PriceMedian tax 2024Effective tax rate
Walnut Grove2$421,500$4,6881.1%
Gold River27$695,000$7,0291%
Elk Grove218$625,000$5,6800.9%
Rancho Cordova114$492,750$4,2230.9%
Folsom136$712,500$6,2330.9%
Fair Oaks67$620,000$5,7930.9%
Antelope78$495,000$4,2340.9%
Vineyard58$541,000$4,9880.9%
Rancho Murieta24$607,250$5,5930.9%
Sacramento710$485,000$3,8920.8%
Carmichael126$550,000$4,1570.8%
Orangevale61$540,000$4,0980.8%
Arden-Arcade150$496,000$4,2060.8%
Wilton6$872,000$6,7340.8%
Galt41$515,000$4,1470.8%
Citrus Heights157$474,000$3,4390.7%
North Highlands79$395,000$2,5680.7%
La Riviera22$495,000$3,3380.7%
Rio Linda33$411,500$2,9920.7%
Foothill Farms51$420,000$2,5910.6%
Elverta6$510,000$3,1600.6%
Lemon Hill18$349,500$2,0280.6%
Rosemont45$497,000$3,1040.6%
Florin53$425,000$2,7280.6%
Parkway26$417,500$2,3670.6%
Fruitridge Pocket7$389,000$1,9950.5%

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