California (CA) property tax rate: 0.73% | Median home: $785,000 | Median annual tax: $5,731
California is the largest housing market in the United States. The average effective property tax rate in California is 0.73%, which is below the national average of 1.1%.
On the median California home valued at $785,000, annual property taxes come to approximately $5,731 or $478/month. This is a significant part of your total housing cost and should be factored into any home purchase budget.
Pro tip: Proposition 13 limits California property tax increases to 2% per year after purchase.
Combined with California's state income tax rate of 9.3%, homeowners should consider the total tax picture. Property taxes in California are manageable and in line with regional averages.
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California has an average effective property tax rate of 0.73%. On the median home value of $785,000, that equals approximately $5,731 per year or $478 per month.
Property taxes in California are calculated by multiplying your home assessed value by the local tax rate. The assessed value may differ from market value depending on your county assessment ratio. Exemptions like homestead exemptions can reduce your taxable value.
Proposition 13 limits California property tax increases to 2% per year after purchase.
California property taxes are near the national average of 1.1%. This means property tax costs are predictable and in line with most states.
Property tax due dates vary by county in California. Most counties offer semi-annual payments. Check with your county tax assessor office for specific due dates. Late payments typically incur penalties of 1-2% per month.