Free Property Tax Estimator
Estimate annual property tax based on assessed home value and your local tax rate.
USD
%
USD
Annual Property Tax
$4,200
Monthly Tax (Escrow)$350
Effective Rate1.20 %
Annual Property Tax vs Local Tax Rate (mill rate)
Property Tax Calculation
Annual Tax = (Home Value - Exemptions) x Tax Rate
Property tax rates vary widely by location. The US average is about 1.1% of assessed value.
Tax Rate Examples
Example Calculation
$350,000 home, 1.2% rate, no exemption.
- 01Annual tax = $350,000 x 1.2% = $4,200
- 02Monthly escrow = $4,200 / 12 = $350
Frequently Asked Questions
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