Property Tax Calculator

Estimate your annual property taxes with our free calculator. Perfect for homeowners budgeting for taxes, prospective buyers comparing homes, or real estate investors analyzing potential properties. Get accurate tax estimates based on property value and local tax rates.

Standard Calculator

Millage Rate Calculator

Standard Property Tax Calculator

Property Assessed Value ($):

Local Tax Rate (%): Enter the combined property tax rate for your area

Enter your property details to calculate your estimated annual property tax.

Millage Rate Property Tax Calculator

Property Assessed Value ($):

Millage Rate (mills): 1 mill = $1 tax per $1,000 of assessed value

Assessment Ratio (%): Percentage of market value used for tax assessment (typically 80-100%)

Enter your property details to calculate your estimated annual property tax using millage rates.

Average Property Tax Rates by State

State	Avg. Tax Rate	Median Annual Tax
New Jersey	2.49%	$8,797
Illinois	2.27%	$4,800
Texas	1.80%	$3,390
California	0.76%	$3,000
Hawaii	0.28%	$1,406

Note: Rates vary by county and municipality. Check your local tax assessor's office for exact rates.

Key Features of Our Property Tax Calculator

Two calculation methods: Standard percentage rate and millage rate

Comprehensive results: Annual tax, monthly equivalent, and effective tax rate

State tax comparisons: See average rates across different states

Assessment ratio adjustment: Account for different assessment practices

Mobile-friendly: Works perfectly on all devices

How to Use This Property Tax Calculator

For Standard Calculator:

Enter your property's assessed value
Input your local tax rate percentage
Click "Calculate Property Tax"

For Millage Rate Calculator:

Enter your property's market value
Input your local millage rate (check tax bill)
Adjust assessment ratio if needed (typically 80-100%)
Click "Calculate Property Tax"

Frequently Asked Questions

How is property tax calculated?

Property tax is typically calculated by multiplying the assessed value of your property by the local tax rate. The assessed value is often a percentage of the market value, and the tax rate may be expressed as a percentage or in mills (1 mill = 0.1%).

What's the difference between market value and assessed value?

Market value is what your property would sell for on the open market. Assessed value is the value used for tax purposes, which is often a percentage (typically 80-100%) of the market value. Some areas reassess values annually, while others do it less frequently.

How can I lower my property taxes?