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Property Tax Calculator

Property tax is set locally, so no national rate is reliable. If you know your area's assessment ratio and tax rate, this calculator shows the annual and monthly amount, including any exemption.

Prefilled numbers are examples. Replace them with your own.

Share of market value that is assessed. Many areas use 100.

Your result appears here after you press Calculate.

How it is calculated

  • Assessed value = home value × assessment ratio.
  • Taxable value = assessed value − exemptions, not below zero.
  • Annual tax = taxable value × tax rate.
  • Millage rate ÷ 10 = rate in percent.

Assumptions and limits

  • Prefilled numbers are examples for illustration. Replace them with quotes and prices from your own area.
  • Get your assessment ratio, rate and exemptions from your county or city assessor. Reassessment rules differ by state.

Estimates only. Your actual bills and taxes depend on your local rates, usage, assessments and exemptions. Check your official tax bill and utility statements. This is not tax or financial advice.

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