Real Estate
Property Tax Calculator
Estimate your annual property tax from market value, assessment ratio, and rate.
Property Type
Rates and assessment ratios vary most for owner-occupied homes
Property Market Value
$
Current estimated or appraised market value
Assessment Ratio
%
Portion of market value your authority actually taxes
Tax Rate
Rate applied to your taxable value
Bill Display
Changes how the headline number is shown, not the total owed
🏷️ Exemptions Add exemption
Eff. Rate 0%
Property Tax
$0
per year
Assessed Value $0
Taxable Value $0
Total Exemptions $0
Tax per $1,000 Value $0

📊 Calculation Breakdown

Metric Value Impact

How the estimate works

Assessed Value = Market Value × Assessment Ratio  |  Tax = (Assessed Value − Exemptions) × Rate
  • Assessed Value = Property Market Value × Assessment Ratio %
  • Taxable Value = Assessed Value − Total Exemptions (floored at $0)
  • Property Tax = Taxable Value × Rate (as a % of value) or ÷ 1,000 × Mill Rate
  • Effective Rate = Property Tax ÷ Market Value × 100, useful for comparing across areas with different assessment ratios
  • A mill = $1 of tax per $1,000 of taxable value, so a 15-mill rate equals a 1.5% rate on taxable value
⚠️ Actual property tax bills depend on your local assessor's valuation, exemption rules, special district levies, and appeal outcomes. This tool gives an educational estimate only — confirm figures with your county/municipal tax assessor before budgeting or filing an appeal.