Property owners in Santa Clara County paid 0.6% of the value of their homes in property taxes in the third quarter of 2023, which is less than 0.6 times the national average, according to the real estate analysis posted by South SF Bay News.
The median sales price of a Santa Clara County home in the third quarter of 2023 was $1,460,000, based on data from the 3,057 properties sold during that time. In 2023, the median tax bill for the county was $9,356, 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 San Martin and East Foothills paid the highest rates.
The above article calculates the effective property tax rate for 2023 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 San Martin 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 third quarter of 2023.
| City | Q3 2023 Sales | Q3 2023 Median Price | Median tax 2023 | Effective tax rate |
|---|---|---|---|---|
| San Martin | 7 | $925,000 | $8,477 | 0.9% |
| East Foothills | 18 | $1,249,000 | $9,608 | 0.8% |
| Los Altos Hills | 7 | $5,000,000 | $33,232 | 0.7% |
| Monte Sereno | 8 | $3,475,000 | $22,743 | 0.7% |
| Burbank | 7 | $1,100,000 | $7,836 | 0.7% |
| Lexington Hills | 9 | $1,167,500 | $7,654 | 0.7% |
| Morgan Hill | 98 | $1,192,500 | $8,694 | 0.7% |
| Gilroy | 92 | $1,044,500 | $7,802 | 0.7% |
| Alum Rock | 8 | $822,500 | $6,144 | 0.7% |
| San Jose | 1,407 | $1,380,000 | $8,610 | 0.6% |
| Campbell | 98 | $1,660,500 | $9,740 | 0.6% |
| Los Gatos | 80 | $2,150,000 | $13,466 | 0.6% |
| Mountain View | 143 | $1,850,000 | $10,623 | 0.6% |
| Milpitas | 126 | $1,340,000 | $8,115 | 0.6% |
| Palo Alto | 121 | $3,000,000 | $14,384 | 0.5% |
| Sunnyvale | 214 | $1,840,000 | $9,046 | 0.5% |
| Saratoga | 53 | $3,710,000 | $18,156 | 0.5% |
| Fruitdale | 2 | $1,435,000 | $7,734 | 0.5% |
| Los Altos | 71 | $3,910,000 | $18,548 | 0.5% |
| Loyola | 6 | $4,827,500 | $23,737 | 0.5% |
| Santa Clara | 22 | $2,165,500 | $8,261 | 0.4% |
| Cambrian Park | 5 | $2,126,000 | $9,232 | 0.4% |
| Cupertino | 82 | $2,965,250 | $12,785 | 0.4% |
