Albany, California Property Taxes
Real Estate Values and Property Tax Valuation in Albany, California
The city of Albany has a total of 5,537 properties with a cumulative value of $2.8B, representing 1.40% of all real estate value in Alameda County. Property taxes collected in Albany across these properties totaled $53.9M, with the average homeowner paying $9,732 in property taxes compared to the county average of $7,977. The average property tax rate in Albany is 1.95%, higher than the county average of 1.53%. Property values for tax purposes are determined by the local assessor's office, which uses a variety of methods to determine the fair market value of a property.
The property tax timeline in California begins on January 1st, when the property valuation date is set. Property value notices are then issued between June and August. Property tax appeals must be submitted by September 15th or November 30th, depending on the county. Finally, property tax bills are issued on October 1st.
Updated August 22, 2023
| Important Links | |
|---|---|
| Alameda Treasurer / Tax Collector | (510) 272-6800 |
| Alameda Assessor | (510) 272-3787 |
| Alameda Recorder | (510) 272-6362 |
| Important Dates | |
|---|---|
| Property Valuation Date: | January 1st |
| Property Value Notices Issued: | June - August |
| Property Tax Appeal Deadline: | September 15 or November 30 (varies by county) |
| Property Tax Bills Issued: | October 1st |
| Real Property Tax Bill Due (1st of #): | December 10th, 1st half installment |
| Real Property Tax Bill Due (2nd of #): | April 10th, 2nd half |
| Available Exemptions | |
|---|---|
| Senior | Not Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Not Available |
| Solar/Wind | Available |
| Charitable | Available |
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Real Estate Statistics in Albany, California
Residential Property Tax by ZIP code in Albany, California
Albany, California has an average property tax rate of 1.95%, which is slightly higher than the average property tax rate in Alameda County, which is 1.53%. This difference is due to the fact that Albany is a relatively affluent city, and therefore has higher home values than other parts of the county. As a result, property taxes collected in Albany in 2023 are estimated to be $9,732.
Property tax rates in Albany vary across ZIP codes, with the highest effective property tax rate being 1.96% in the 94706 ZIP code. This is likely due to the fact that this ZIP code has higher home values than other ZIP codes in Albany. On the other hand, the lowest effective property tax rate in Albany is not known, as it is likely to vary depending on the home values in that particular ZIP code.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Albany, California. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94706 | $62,956 | $202,096 | $422,760 | $724,947 | $993,533 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Albany, California.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94706 | $3,648 | $5,667 | $8,654 | $12,867 | $16,627 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 94706 | 5.79% | 2.80% | 2.05% | 1.77% | 1.67% |
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Real Estate Values in Albany, California
Average Home Value in Albany, California
Last updated: August 2023
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Housing Expenses in Albany, California
Housing expenses are a major part of the average household budget in the state. In fact, housing expenses account for nearly one-third of total expenses for the average household. As inflation continues, housing expenses continue to rise, eating up an ever-increasing portion of the household budget. Property taxes are the second largest component of housing expenses for the average property owner in the state, making up a significant portion of the total housing expenses. As housing expenses continue to rise, it is important for households to budget carefully and plan for the future to ensure they can afford their housing expenses.
Monthly Consumer Expenses for West region
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