Who’s paying income taxes in Sacramento?

The Los Angeles Times recently published an article pointing out the disproportionate share of state income taxes paid by our millionaire and billionaire friends that can still afford to live in Silicon Valley.  This got me wondering how the map looks here in Sacramento. While our region does pay quite a bit less than the Silicon Valley, the four counties considered do add up to nearly $3 billion dollars. (Caveat: this data is based on zip codes, which do not perfectly align to geopolitical boundaries, so modest variation may exist)

Sacramentality-CAIncomeTaxbyZip2017DMLThe top taxpayers in our region are concentrated in El Dorado Hills ($170 million), Folsom ($163 million) and Granite Bay ($120 million). Granite Bay tops the region in effective tax rate, paying 7.4% of Adjusted Gross Income in state income tax. El Dorado Hills pays 6.1% and Folsom, a “relatively paltry” 5.0%.

Among zip codes with a significant population, Arden’s 95864 pays the second highest effective tax rate at 7.3%. It is nestled in just behind Granite Bay in total tax payments at $110 million. Neighboring Carmichael (95608) and Fair Oaks (95628) rank sixth and seventh in total tax payments — and we see a clear concentration of wealth emerging in these river and lake adjacent suburbs.

Within the City of Sacramento, my own 95831, primarily encompassing the Pocket-Greenhaven neighborhood, is the top tax-contributing zip code, topping $72 million in 2017. Several core zip codes do pay higher effective tax rates, but have fewer taxpayers.

Enjoy playing with the data visualization — hover over zip codes in the map to get the full details — and let me know any takeaways you notice in the comments!

Sacramentality-CAIncomeTaxbyZip2017DML

 

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