Property owners in Santa Clara County paid 0.7% of the value of their homes in property taxes in the fourth 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 fourth quarter of 2023 was $1,420,000, based on data from the 2,649 properties sold during that time. In 2023, the median tax bill for the county was $9,356, which is 0.7% 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 Monte Sereno and Gilroy 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 Monte Sereno 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 fourth quarter of 2023.
| City | Q4 2023 Sales | Q4 2023 Median Price | Median tax 2023 | Effective tax rate |
|---|---|---|---|---|
| Monte Sereno | 7 | $2,750,000 | $22,743 | 0.8% |
| Gilroy | 93 | $935,000 | $7,802 | 0.8% |
| San Jose | 1,233 | $1,315,000 | $8,610 | 0.7% |
| Los Altos Hills | 13 | $5,000,000 | $33,232 | 0.7% |
| Burbank | 4 | $1,097,500 | $7,836 | 0.7% |
| Lexington Hills | 11 | $1,120,000 | $7,654 | 0.7% |
| Morgan Hill | 89 | $1,294,000 | $8,694 | 0.7% |
| San Martin | 9 | $1,300,000 | $8,477 | 0.7% |
| Campbell | 75 | $1,620,000 | $9,740 | 0.6% |
| Los Gatos | 67 | $2,320,000 | $13,466 | 0.6% |
| Mountain View | 128 | $1,800,000 | $10,623 | 0.6% |
| Milpitas | 82 | $1,250,000 | $8,115 | 0.6% |
| Fruitdale | 4 | $1,382,500 | $7,734 | 0.6% |
| Alum Rock | 11 | $956,000 | $6,144 | 0.6% |
| East Foothills | 16 | $1,590,000 | $9,608 | 0.6% |
| Palo Alto | 107 | $2,750,000 | $14,384 | 0.5% |
| Sunnyvale | 170 | $1,673,500 | $9,046 | 0.5% |
| Saratoga | 51 | $3,420,000 | $18,156 | 0.5% |
| Santa Clara | 32 | $1,825,000 | $8,261 | 0.5% |
| Cambrian Park | 9 | $1,820,000 | $9,232 | 0.5% |
| Los Altos | 46 | $3,741,000 | $18,548 | 0.5% |
| Cupertino | 63 | $2,760,000 | $12,785 | 0.5% |
| Loyola | 7 | $5,505,000 | $23,737 | 0.4% |
