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Tax Calculators

Property Tax Estimator

Estimate annual and monthly property tax from assessed value, assessment ratio, exemptions and the local rate or mill levy.

Enter values

Results update as you type.

Result

Annual property tax

$3,900.00

Monthly
$325.00
Taxable value
$325,000.00
Effective rate on market value
1.11%

About the Property Tax Estimator

Estimate annual and monthly property tax from assessed value, assessment ratio, exemptions and the local rate or mill levy.

Also known as: property tax calculator, house tax, mill rate calculator, real estate tax.

How to use this calculator

  1. Enter market value, assessment ratio, exemptions, rate given as and the other fields.
  2. The result updates instantly as you type — press Calculate (or Enter) at any time.
  3. Review the breakdown shown under the main result.
  4. Use Copy result or Share to save the answer or send a link with your inputs.

Formula

Tax = (value × assessment ratio − exemptions) × rate

Worked example

Using the values pre-filled in the calculator above:

  • Market value = 350,000
  • Assessment ratio = 100 %
  • Exemptions = 25,000
  • Rate given as: Percent
  • Rate = 1.2

the calculator returns:

  • Annual property tax: 3,900
  • Monthly: 325
  • Taxable value: 325,000
  • Effective rate on market value: 1.11%