Property Tax Calculator
Calculate your annual and monthly property taxes based on assessed value and local tax rates
Property Tax Calculation
Tax Breakdown by Authority
Tax Distribution
Property Tax Rates by State
| State | Avg. Rate | Annual Tax* | Monthly Tax* |
|---|
*Based on current home value of $400,000
Understanding Property Taxes
🏛️ How It's Calculated
Property tax = (Assessed Value - Exemptions) × Tax Rate. Rates are typically expressed per $1,000 of value.
🏠 Assessment Process
Local assessors determine your property's value, usually a percentage of market value called the assessment ratio.
💰 Exemptions Available
Homestead exemptions, senior exemptions, and disability exemptions can reduce your taxable value.
📈 Appeals Process
If you believe your assessment is too high, you can appeal to the local assessment review board.
🏫 Where Taxes Go
Property taxes fund local services: schools, police, fire departments, roads, and municipal services.
📅 Payment Options
Most areas offer monthly escrow payments through your mortgage or annual/semi-annual direct payments.