Property Tax Calculator
Estimate annual and monthly property taxes from your home value, assessment ratio, local tax rate and exemptions, and project how the bill could grow over time.
Your numbers
- Monthly
- $367
- Effective rate on market value
- 1.1%
- 10-year total
- $50,441
How the property tax calculator works
Tax = (home value × assessment ratio − exemptions) × tax rate. The projection grows the assessed value by your chosen annual assessment increase.
Example
Using the default inputs (Market value: $400,000; Assessment ratio: 100%; Tax rate (% of assessed value): 1.1%; Exemptions: $0.00; Assessment growth / year: 3%), the calculator returns annual property tax of $4,400. Change any field above to see your own result and charts update instantly.
Good for these goals
Frequently asked questions
What is the average US property tax rate?
The effective national average is roughly 0.9%–1.0% of home value, ranging from about 0.3% in Hawaii to over 2% in New Jersey and Illinois.
Can I appeal my assessment?
Yes. If your assessed value looks too high compared with similar homes, most counties allow an appeal within a limited window.
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Estimates are for educational purposes only and are not financial, tax or legal advice. Results depend on your inputs and simplified assumptions; tax figures reflect 2026 federal rules and may differ from your situation. See our disclaimer. © 2026 FinanzCalc.