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Property Tax Update

Post Date:06/13/2018

Did you know that Hercules is a low-to-no property tax city?  The City’s share of total property taxes which our residents pay is now just 5.44% gross and a net 3.41% of the base property taxes levied overall.  Other cities on average get substantially more. On June 12th the City Council received a report on property tax, the City’s low share and efforts underway to try to increase that share, and how to read and understand a property tax bill.  The City’s share of the base 1% property tax rate on a home where a homeowner pays $4,225 in total base property taxes is just $239 a year. Property taxes are between $1.2 and $1.3 million annually of the just over $15 million in General Fund revenues.   You can learn more by viewing the presentation and staff report here:  Property Tax Update

Property Tax Update

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