Property owners in Santa Clara County paid 0.6% of the value of their homes in property taxes in the first quarter of 2023, which is less than 0.6 times the national average, according to the real estate analysis posted by the South SF Bay News.
The median sales price of a Santa Clara County home in the first quarter of 2023 was $1,300,000, based on data from the 2,143 properties sold during that time. In 2021 the median tax bill for the county was $8,207, which is 0.6% of the median value of the homes that were taxed.
This is 0.6 times lower than the average effective property tax rate of 1.11% in the U.S. in 2023.
The analysis of Santa Clara County real estate data showed homeowners in Gilroy, Burbank, and Lexington Hills paid the highest rates.
The following table compares Gilroy with some other cities belonging to Santa Clara County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2023.
| City | Q1 2023 Sales | Q1 2023 Median Price | Median tax 2023 | Effective tax rate |
|---|---|---|---|---|
| Gilroy | 81 | $900,000 | $7,802 | 0.9% |
| Burbank | 7 | $960,000 | $7,836 | 0.8% |
| Lexington Hills | 3 | $985,000 | $7,654 | 0.8% |
| San Jose | 1,008 | $1,210,000 | $8,610 | 0.7% |
| Los Altos Hills | 12 | $4,950,000 | $33,232 | 0.7% |
| Mountain View | 94 | $1,564,500 | $10,623 | 0.7% |
| Monte Sereno | 6 | $3,125,000 | $22,743 | 0.7% |
| Milpitas | 84 | $1,152,500 | $8,115 | 0.7% |
| Morgan Hill | 70 | $1,176,500 | $8,694 | 0.7% |
| East Foothills | 9 | $1,462,500 | $9,608 | 0.7% |
| Loyola | 3 | $3,450,000 | $23,737 | 0.7% |
| Sunnyvale | 137 | $1,585,000 | $9,046 | 0.6% |
| Campbell | 43 | $1,508,000 | $9,740 | 0.6% |
| Los Gatos | 62 | $2,340,000 | $13,466 | 0.6% |
| Cambrian Park | 9 | $1,590,000 | $9,232 | 0.6% |
| San Martin | 11 | $1,380,000 | $8,477 | 0.6% |
| Alum Rock | 9 | $980,000 | $6,144 | 0.6% |
| Palo Alto | 80 | $3,100,000 | $14,384 | 0.5% |
| Saratoga | 35 | $3,600,000 | $18,156 | 0.5% |
| Santa Clara | 25 | $1,639,500 | $8,261 | 0.5% |
| Los Altos | 38 | $3,510,000 | $18,548 | 0.5% |
| Cupertino | 53 | $2,350,000 | $12,785 | 0.5% |
