Property Tax Calculator
Calculate annual and monthly property taxes for any home value and location. Get precise tax estimates with detailed breakdowns and comparisons.
Step 1: Property Details
85%
Property Assessment
Most jurisdictions assess property at a percentage of market value. The assessment rate varies by location, typically between 70-100% of market value.
Step 2: Tax Details
per $1000
mills
About Property Taxes
Property taxes are calculated by multiplying the assessed value by the tax rate. Rates vary widely by location, property type, and local budgets.
Property Tax Calculation Results
Summary
Tax Breakdown
Location Comparison
Annual Property Tax
$3,719
Monthly Payment: $310
Assessed Value
$297,500
Effective Tax Rate
1.06%
Monthly Payment
$310
Tax Burden
Low
Property Tax Breakdown
School District Tax
$1,488
40% of total
County Tax
$1,116
30% of total
Municipal Tax
$744
20% of total
Special Districts
$371
10% of total
Tax Calculation Formula
Annual Tax = (Property Value × Assessment Rate) × (Tax Rate / 1000). For example: ($350,000 × 0.85) × (12.5 / 1000) = $3,718.75
Payment Schedule
| Payment Date | Amount Due | Status |
|---|---|---|
| March 31, 2024 | $1,859.50 | Upcoming |
| September 30, 2024 | $1,859.50 | Upcoming |
Property Tax Comparison by State
State Tax Rates
| State | Avg. Tax Rate | Annual Tax on $350K | Rank |
|---|---|---|---|
| New Jersey | 2.49% | $8,715 | Highest |
| Illinois | 2.27% | $7,945 | High |
| Texas | 1.80% | $6,300 | Above Average |
| National Average | 1.06% | $3,710 | Average |
| California | 0.76% | $2,660 | Below Average |
| Hawaii | 0.28% | $980 | Lowest |
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