Property Tax Calculator

Estimate your property tax from your home’s value, exemptions and local tax rate.

$
Share of value that gets taxed. 100% in many states; lower in some.
$
Dollar amount taken off the assessed value.
Tax Rate Given As
Fractions and decimals both work.
–
Per Year
Assessed value
Taxable value
Per month (escrow)
Effective rate on market value
Rate in mills
Exemptions Save

Properties

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PropertyValueTaxableTax per YearRemove

How Property Tax Is Calculated

Property tax is the taxable value of your home times the combined tax rate of every local government that taxes it (county, city, school district and special districts).

Assessed value = market value × assessment ratio
Taxable value = assessed value − exemptions
Tax = taxable value × rate   (mills: taxable value × mills ÷ 1,000)

One mill is $1 of tax per $1,000 of value, so 12 mills equals a 1.2% rate.

Worked Example

Tips

Your tax bill or county assessor's website shows your assessed value, exemptions and rate. Many states cap how fast assessed value can rise for a homestead. If you think your assessment is too high, most counties have an appeal window each year.