Income Tax
Calculator
2025 federal estimate.
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Tax
Property Tax Calculator
Enter your home value and local tax rate to estimate your annual and monthly property tax.
assessed value as a % of market
Annual property tax
—
What you owe per year.
| Monthly (escrow) | — |
|---|---|
| Assessed value | — |
| Effective rate | — |
| Per $1,000 value | — |
Show our math
Enter your figures above to see the step-by-step working.
Estimate — local rates varyEverything computed client-side — nothing leaves this page
How the Property Tax Calculator Works
Property tax is charged on your home’s assessed value, which many places set as a share of market value (the assessment ratio). Multiply the market value by that ratio to get the assessed value, then apply your local tax rate — sometimes quoted as a percentage, sometimes as a “millage” where one mill is $1 per $1,000 of value, or 0.1%.
This calculator shows the annual bill, the monthly amount your mortgage escrow would collect, and the effective rate against your market value. Rates vary widely by state, county and city, and assessment ratios and exemptions (like a homestead exemption) differ too, so check your local assessor for exact figures.
tax = market value × assessment ratio × tax rate
Note: an estimate. Local rates, assessment ratios and exemptions vary — your county assessor has the exact figures.
Frequently Asked Questions
How is property tax calculated?
Multiply your home’s assessed value by the local tax rate. The assessed value is often the market value times an assessment ratio. This calculator does both steps and shows the annual and monthly amounts.
What is a mill or millage rate?
A mill is $1 of tax per $1,000 of assessed value, equal to 0.1%. A rate of 11 mills is 1.1%. Enter the percentage form here.
Why is my actual bill different?
Local exemptions (such as a homestead exemption), special assessments, and differing assessment ratios all change the final bill. Your county assessor’s office has the exact numbers for your property.
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