Enter your assessed home value and local effective tax rate to estimate what you will owe each year and each month.
A property tax estimator turns your home value and local tax rate into the annual and monthly amount you owe. Property taxes fund schools, roads, and local services, and are usually collected monthly into an escrow account alongside your mortgage.
This tool uses the effective rate: tax paid divided by the home's value, expressed as a percent. Many localities instead quote a mill rate (dollars per thousand of assessed value) and may assess at a fraction of market value. If you have a mill rate, divide it by ten to approximate the percent used here.
Assessments are periodically updated, so a rising market can lift your tax even if the rate holds steady. Homestead, senior, and veteran exemptions can lower the taxable value, and some areas cap how fast assessments grow. Because rates and rules are local, confirm the specifics with your county assessor.
Multiply the taxable value of your home by the local tax rate. Escrow then spreads the annual bill across twelve monthly payments.
It is the tax you actually pay divided by your home's value. It lets you compare areas even when they use different assessment methods.
You can apply for exemptions you qualify for, or appeal an assessment you believe is too high. Both reduce the taxable value the rate is applied to.
See the exact formula and a worked example on our methodology page.