About the Property Tax Calculator
Estimate the yearly and monthly property tax on a home from its value, the tax rate and any exemption. Pick your state below for its average effective rate. This tool is free, works in your browser and needs no sign-up.
How to use the Property Tax Calculator
Enter the home value, the property tax rate from your tax bill (or a state average) and any exemption in dollars, such as a homestead exemption.
Formula used
Annual property tax = (home value − exemption) × tax rate ÷ 100. Monthly tax = annual tax ÷ 12.
Example
With Home value 350000, Property tax rate (% of value per year) 1, Exemption ($) 0, the calculator shows: Property tax per year = 3,500.00; Property tax per month = 291.67.
Frequently asked questions
How is property tax calculated?
Property tax is the taxable value of your home multiplied by the local tax rate. Taxable value can be lower than market value because of assessment limits and exemptions. The state pages below start from each state's average effective rate, which is the median tax paid divided by the median home value.
Is the Property Tax Calculator free to use?
Yes. It is completely free and you can use it as many times as you like.
How accurate is the Property Tax Calculator?
The calculator uses standard formulas, so the maths is exact. Real life results can differ because of fees, taxes, rounding or personal factors, so treat the answer as an estimate.
Do you store the numbers I enter?
No. All calculations run in your browser. The values you type are not sent to our server.
Disclaimer: results are estimates for information only. They are not financial, medical or professional advice.