Calculate your annual property tax in seconds
Property Details
Found on your property tax notice or county assessor site.
Also called the mill rate ÷ 10. Check your county's assessor.
Quick Rates
Many states reduce taxable value for primary residences.
Common Exemptions
Results
How it works: Annual property tax = (Assessed Value − Exemptions) × Tax Rate. Mill rates are expressed as tax per $1,000 of assessed value — divide by 10 to get the percentage rate. Actual bills may include special assessments, school levies, or local fees not shown here.
Use this free property tax calculator to estimate your annual property tax bill from your home's assessed value and local tax rate. Enter any homestead or senior exemption to see the taxable value, yearly and monthly tax amounts, and mill rate equivalent — all the numbers you need to budget for real estate ownership costs.
Assessed value is the dollar figure your local government assigns to your property for tax purposes. It is often a percentage (the assessment ratio) of the property's market value — commonly 80–100% depending on the jurisdiction. Your property tax bill is based on the assessed value, not what the home would sell for on the open market.
A mill rate (or millage rate) expresses property tax as dollars owed per $1,000 of assessed value. To convert: mill rate ÷ 10 = tax rate percentage. For example, a mill rate of 10.7 equals a 1.07% tax rate. Many county assessors publish mill rates rather than percentage rates.
A homestead exemption subtracts a fixed dollar amount from your assessed value before the tax rate is applied. If your home is assessed at $300,000 and you have a $25,000 homestead exemption, you only pay tax on $275,000. Many states offer additional exemptions for seniors, veterans, or people with disabilities.
The calculator gives a reliable estimate based on the inputs you provide. Real tax bills may also include special assessments, school levies, bond measures, or municipal fees that vary by location. Always verify your final tax amount with your county assessor or tax authority.