Property Tax Calculator
Calculate your annual and monthly property tax payments based on your home value and local tax rate.
Enter Property Value, Tax Rate & Homestead Exemptions
Enter your local tax rate. For example, 1.0 means 1% of assessed value.
Some states offer homestead exemptions that reduce taxable value.
Average Tax Rates by State
AZ:
CA:
TX:
FL:
NY:
NJ:
IL:
PA:
OH:
GA:
Click a rate to use it in the calculator. Actual rates vary by county and city.
Annual Property Tax
$4,000
Effective rate: 1.00%
Payment Breakdown
Monthly Payment
Typical escrow payment
$333
Quarterly Payment
If paid 4 times per year
$1,000
Annual Payment
Total yearly tax
$4,000
Tax Calculation
Home Value:$400,000
Exemptions:- $0
Taxable Value:$400,000
Tax Rate:1.0%
Annual Tax:$4,000
Impact on Monthly Payment
Property taxes are typically included in your monthly mortgage payment through an escrow account.
Monthly Escrow for Taxes:$333
This amount is added to your principal & interest payment each month.
Important Information
- • Property tax rates vary significantly by state, county, and city.
- • Assessed value may differ from market value - check with your local assessor's office.
- • Some states offer homestead exemptions, senior exemptions, or veteran exemptions.
- • Property taxes can increase over time due to reassessments or rate changes.
- • Most lenders require property taxes to be escrowed (paid monthly with your mortgage).
- • Contact your local tax assessor for exact rates and exemptions in your area.