Property Tax Calculator
Estimate your annual property tax based on your location and home value
Property Tax Calculator
Estimate your annual property tax based on your location and home value
Estimated Annual Property Tax
$2,850
$238/month · Rate: 0.95%
Home Value
$300,000
Taxable Value
$300,000
Effective Rate
0.95%
How We Calculate Your Property Tax
Our calculator uses effective tax rates derived from the U.S. Census Bureau's American Community Survey. The effective rate represents the median property taxes actually paid divided by the median home value in each county.
Assessed Value vs. Market Value: Most jurisdictions tax a property based on its assessed value, which may be a fraction of its market value. Our effective rate already accounts for this difference, giving you a more realistic estimate than using the nominal millage rate.
Exemptions: The homestead exemption reduces the taxable value of your primary residence. In our calculator, we apply a $100,000 reduction as a general estimate, but actual exemption amounts vary significantly by state. Check your state's page for specific exemption details.
This calculator provides estimates for informational purposes only. Actual property taxes depend on local assessment practices, millage rates, and applicable exemptions. Consult your local tax assessor's office for exact figures.