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Walnut Creek, Contra Costa County, California Property Taxes

  • Median WALNUT CREEK, CA effective property tax rate: 1.24%, significantly higher than the national median of 1.02%, but slightly higher than the California state median of 1.21%.

  • Median WALNUT CREEK, CA home value: $549,426

  • Median annual WALNUT CREEK, CA tax bill: $6,833, $4,433 higher than the national median property tax bill of $2,400.

How are property taxes in Contra Costa calculated?

Property taxes in WALNUT CREEK, CA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding WALNUT CREEK’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in WALNUT CREEK, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Walnut Creek, Contra Costa County, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.24%

Estimate Property Tax Bill

$6,813

$6,322

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Walnut Creek Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Walnut Creek with just two data points. By entering your property's estimated assessed value, our calculator applies Walnut Creek’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Contra Costa County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Walnut Creek, Contra Costa County, California

Local government entities set property tax rates, which can vary significantly within a state. Each year, counties estimate the budget required for services and divide it by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. This process involves votes and laws, but this is the annual procedure in a nutshell. In Walnut Creek, located in Contra Costa County, the effective property tax rate is a key point of interest. When comparing Walnut Creek's rate to other cities in California, it becomes evident that the rates can differ across the state. The median property tax rate in California is slightly above the national median, reflecting the state's economic landscape and the demands on local services. Walnut Creek's tax rate is a reflection of the county's budgetary needs and the overall assessed property values. Understanding these rates helps property owners anticipate their tax obligations and explore potential savings through appeals or exemptions.

Property Tax Rates Across Walnut Creek, Contra Costa County, California

Source: Ownwell

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1.08%

1.51%

1.95%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Walnut Creek Tax Rate

1.24%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Contra Costa County Tax Rate

1.36%

Median Effective California Tax Rate

1.21%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Walnut Creek, Contra Costa County, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
945961.17%1.20%1.28%1.41%1.67%
945971.18%1.21%1.28%1.38%1.62%
945981.16%1.18%1.22%1.31%1.55%
94595N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across Walnut Creek, Contra Costa County, California

When examining property taxes in Walnut Creek, CA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Contra Costa County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Contra Costa County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Walnut Creek. For example, the median home price in Walnut Creek is $549,426, with tax bills ranging significantly across the county. Zip code 94598 has the highest median home price at $684,893.

Property Tax Assessment Values Across Walnut Creek, Contra Costa County, California

Source: Ownwell

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$147,170

$1,068,104

$1,989,037

Median Walnut Creek Market Value

$549,426

Median Contra Costa County Market Value

$485,124

Median California Market Value

$378,421

Median United States Market Value

$235,294

Property Tax Assessment Values Across Walnut Creek, Contra Costa County, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
94596$166,582$321,529$559,513$991,308$1,425,550
94597$177,666$337,440$551,842$853,367$1,126,444
94598$171,837$380,628$684,893$1,049,896$1,430,550
94595N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across Walnut Creek, Contra Costa County, California

In Walnut Creek, located in Contra Costa County, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in this area is $549,426. Property taxes are impacted by various factors, including the local tax rate and any exemptions or deductions that may apply. Homeowners in Walnut Creek can expect to pay a property tax bill that varies significantly, with the 25th percentile at $3,666 and the 75th percentile reaching $11,016. Comparatively, the national median property tax bill is $2,400, making Walnut Creek's taxes notably higher. The highest median tax bill in the area is $8,351 in the 94598 zip code, while the lowest is $7,097 in the 94597 zip code. Ownwell assists homeowners by providing property tax appeal and exemption services, potentially reducing their tax burden. By leveraging expert knowledge and local data, Ownwell helps clients achieve significant savings on their property tax bills.

Property Tax Bills Across Walnut Creek, Contra Costa County, California

Source: Ownwell

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$2,978

$13,116

$23,253

Median Walnut Creek Tax Bill

$6,833

Median Contra Costa County Tax Bill

$6,706

Median California Tax Bill

$4,683

Median United States Tax Bill

$2,400

Property Tax Bills Across Walnut Creek, Contra Costa County, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
94596$2,805$4,527$7,153$11,941$16,785
94597$2,876$4,668$7,097$10,425$13,527
94598$2,662$4,994$8,351$12,396$16,669
94595N/AN/AN/AN/AN/A

Source: Ownwell

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