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Property Tax calculator
Estimate the annual property tax on a home from its assessed value, the local tax rate and any exemptions.
Property Tax Calc
Estimate your annual property tax based on assessed value and rates
$0
Estimated Annual Tax
Taxable Value
$0
Monthly Payment
$0
Tax per $1000
$0
Value Allocation
About the Property Tax calculator
Estimate the annual property tax on a home from its assessed value, the local tax rate and any exemptions.
How to use the Property Tax calculator
- Enter the Assessed Value and the Assessment Ratio (%) used by your county.
- Enter the Tax Rate (%) and any Exemptions.
- Press Calculate Property Tax.
Formula and method
Taxable value = Assessed value × Assessment ratio − Exemptions and Property tax = Taxable value × Tax rate. Rules differ by location.
Worked example
An effective rate. A home assessed at 250,000 with a tax rate of 1.2% pays 250,000 × 0.012 = 3,000 a year, or 250 a month.
When to use the Property Tax calculator
- Budgeting for the yearly property tax on a home you plan to buy.
- Comparing the tax burden in different areas.
- Checking a tax bill against the assessed value.
Common mistakes to avoid
- Using the sale price when the tax is based on the assessed value.
- Forgetting exemptions and reductions, which can lower the bill.
Tips
- Your local assessor publishes the rate and any homestead or senior exemptions.
- You can usually appeal an assessment you believe is too high.
Frequently asked questions
How is property tax used?
It mainly funds local services such as schools, roads and emergency services.
Can I appeal my assessment?
In most places yes. If you believe the assessed value is too high, contact your local assessor.