Saratoga is a city in Santa Clara County, California, United States. It is located on the west side of the Santa Clara Valley, directly west of San Jose, in the San Francisco Bay Area. The population was 29,926 at the 2010 census. Located on the Western edge of the Silicon Valley, Saratoga is known locally for its suburban small-town feel, wineries, and high-end restaurants. Major attractions of Saratoga include Villa Montalvo, Hakone Gardens, and the Mountain Winery. The 2016 Coldwell Banker Home Listing Report listed Saratoga as the most expensive housing market in the United States. In 2010 Bloomberg Businessweek named Saratoga the most expensive suburb in California. According to CNN Money 70.42% of Saratoga households have an income greater than $100,000. Saratoga also was ranked by Forbes in 2009 as one of America's top 20 most-educated small towns. Bloomberg Businessweek also named Saratoga's zip code 95070 the 18th richest zip code in America in 2011. In 2018, data from the American Community Survey revealed that Saratoga was the 8th wealthiest city in the United States.
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How did California earn the grade of C? We examined the state taxes based on how age friendly they are. California has a state sales tax of 7.25%. Of particular interest is that California does not have taxes on social security. There are no estate taxes. There are no taxes imposed on inheritance. California has an effective property tax rate of 0.79%. Weighing these taxes and other taxes most likely to impact the aging population is how California earned its state tax grade of C.
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