94545 Property Tax Rate

Property owners in ZIP code 94545 (Hayward, California) pay a median of $5,453/year in property taxes on homes valued at $838,800. This translates to an effective tax rate of 0.65%, which is 6% below the California state average of 0.69%.

The monthly property tax burden for a median-valued home in 94545 is approximately $454, which factors into escrow payments on mortgages. This ZIP code is located within Alameda County. This is $553 more than the California average of $4,900/year.

Compared to similar ZIP codes in California, 94545 has higher property taxes. ZIP codes with similar effective rates include 92242 (0.65%) and 93436 (0.65%).

In Hayward, property taxes represent approximately 4.7% of the median household income of $115,258, providing context for the relative tax burden on homeowners in this area.

Under California's Proposition 13, your home reassesses to the purchase price at sale, with taxes capped at 1% and increases limited to 2% annually until the next sale occurs. Alameda County provides a Homeowners' Exemption worth $7,000 off assessed value—file your application with the Alameda County Assessor within 30 days of purchase to lock in this benefit. Request and review your Preliminary Assessment Notice from the Alameda County Assessor before your first tax bill arrives, and note the 60-day appeal deadline if you believe the base year value is incorrect.