Property Tax Calculator
Calculate annual property taxes based on your home value, local tax rates, and available exemptions. Get accurate estimates for monthly escrow payments and effective tax rates.
Property Details
Tax Calculation
Enter your property details to calculate annual property taxes and monthly escrow estimates.
How to Use the Property Tax Calculator
- Enter Home Value: Input your home's current market value or assessed value
- Set Tax Rate: Enter your local property tax rate (find this on your tax bill or county website)
- Assessment Ratio: Enter the percentage of market value used for taxation (varies by location)
- Add Exemptions: Include any homestead, senior, veteran, or disability exemptions you qualify for
- Location (Optional): Enter your city and state for reference
- Calculate: View your annual property tax and monthly escrow estimate
Understanding Property Taxes
How Property Taxes Work
Common Exemptions
Property Tax Rates by State
Average Effective Tax Rates
Property tax rates vary significantly by state and locality. Here are some examples of average effective rates:
Highest Tax States
Moderate Tax States
Lowest Tax States
Note on Tax Rates
These are average statewide rates. Actual rates vary significantly by county, city, and special districts. Always check with your local tax assessor for accurate rates.
Frequently Asked Questions
How often are property taxes paid?
Property taxes are typically paid annually or semi-annually, depending on your local jurisdiction. Many homeowners with mortgages pay monthly into an escrow account that covers property taxes and insurance.
Can I dispute my property assessment?
Yes, most jurisdictions allow you to appeal your property assessment if you believe it's too high. You'll typically need evidence such as recent comparable sales, property condition issues, or assessment errors.
What happens if I don't pay property taxes?
Unpaid property taxes can result in penalties, interest charges, and eventually a tax lien on your property. In extreme cases, properties can be sold at tax sales to recover unpaid taxes.
Are property taxes tax deductible?
Property taxes on your primary residence and vacation homes are generally deductible on federal income taxes, subject to the $10,000 SALT (State and Local Tax) deduction limit.
How are property taxes used?
Property taxes fund local services including public schools, police and fire departments, libraries, parks, road maintenance, and other municipal services.