Property Tax Calculator – Estimate Your Annual Tax
Estimate annual and monthly property tax from the assessed value and local tax rate. Plan your homeownership costs and budget for property taxes. Free, no sign-up.
Property Tax Calculator
Estimate annual property tax from assessed value and local tax rate.
Property tax formula
Annual Tax = Assessed Value × (Tax Rate ÷ 100)
Monthly Tax = Annual Tax ÷ 12
Understanding property taxes
Property taxes fund local services such as schools, roads, and emergency services. They are based on the assessed value of your property and the tax rate set by local governments. Rates vary widely by location—from under 0.5% to over 2% in some areas.
Use this calculator to estimate your property tax. Enter the assessed value (from your tax bill or assessor) and the combined tax rate. Some areas use mill rates (per 1000); convert to a percentage by dividing by 10 (e.g. 12 mills = 1.2%). Include property tax in your housing budget along with mortgage, insurance, and maintenance.