Property Tax Calculator
Estimate annual and monthly property tax from your assessed value, a tax rate or millage, and any exemptions, with the effective rate on your home’s value. Calculates in your browser.
Annual property tax
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Show the math
Tax is charged on the value after exemptions:
taxable = assessed − exemptions
annual tax = taxable × rate% (1 mill = 0.1%)
Assessment methods, exemptions, and rates vary widely by jurisdiction. Check your county assessor for exact figures. This is an estimate for planning. All math runs locally in your browser.
What this does
A property tax calculator estimates annual and monthly property tax from your assessed value, a tax rate or millage, and any exemptions, with the effective rate on your home’s value.
How it works
Exemptions are subtracted from the assessed value to get the taxable value, which is multiplied by the rate. One mill equals 0.1%, a dollar per $1,000 of value.
Tax = (assessed value − exemptions) × rate
How to use it
- Enter the assessed value.
- Enter the tax rate or millage.
- Add any exemptions.
- Read your annual and monthly tax.
Understanding your result
Assessment methods, exemptions, and rates vary widely by jurisdiction, so this is an estimate. Check your county assessor for exact figures.
Example
A $250,000 assessment at 20 mills (2%) is $5,000 a year before exemptions.
Sources & methodology
Last updated .
Frequently asked questions
How is property tax calculated?
Subtract exemptions from the assessed value to get the taxable value, then multiply by the tax rate. One mill equals 0.1% (a dollar per $1,000 of value).
What is millage?
A millage (or mill rate) expresses the tax as dollars per $1,000 of taxable value. The tool converts between mills and a percentage rate.
What are exemptions?
Reductions to taxable value, such as a homestead exemption for a primary residence. Enter the total exemption that applies to lower your taxable base.
Is this exact?
It is an estimate, assessment methods, exemptions, and rates vary by jurisdiction. Check your county assessor. Everything is calculated locally in your browser.
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