Property Tax Calculator

Assessed Home Value ($)Enter a valid value.

Property Tax Rate (%)Check your local county/city rateEnter a valid tax rate.

Estimated Annual Property Tax

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Estimated Monthly (Escrow)

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How to Use This Tool

Enter your home's assessed value (from your county assessor, not necessarily market value).
Enter your local property tax rate as a percentage.
Click Calculate to see your estimated annual and monthly property tax.

The Property Tax Formula

Annual Property Tax = Assessed Value × Tax Rate

Why This Calculator Asks for Your Own Rate

Property tax rates in the US vary enormously — not just state to state, but often county to county and even school district to school district within the same city. National average rates can range from under 0.3% to over 2% of assessed value, so a single built-in rate would be misleading for most users. Enter your specific local rate for an accurate estimate.

Assessed Value vs. Market Value

Your home's "assessed value" for tax purposes is set by your local tax assessor and may differ from its actual market value — some jurisdictions assess at 100% of market value, while others use a lower assessment ratio (e.g., assessing at 80% or even less of market value). Check your property tax bill or county assessor's website for your specific assessed value.

Where to Find Your Local Rate

Your county or city tax assessor's website typically publishes current property tax (mill) rates, or you can find your effective rate by dividing a recent tax bill by your assessed value.

Frequently Asked Questions

Why do property tax rates vary so much by location?

Property taxes fund local services like schools, police, and infrastructure, and each jurisdiction sets its own rate based on local budget needs — this is why rates can differ significantly even between neighboring towns.

Is my home's market value the same as its assessed value?

Not necessarily — assessed value is set by your local tax authority for taxation purposes and may use a different ratio or timing than current market value. Check your property tax bill or assessor's records for your official assessed value.

This calculator is provided for general informational and estimation purposes only. Results should not be treated as professional financial, tax, legal, medical, or engineering advice. Always verify critical calculations with a qualified professional or official source before making decisions.