Loan Tax CalculatorProperty Tax Calculator
Estimate annual and monthly property tax payments based on home value, local assessment rates, and millage rates. Includes state-specific tax calculations.
Estimated annual property tax
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- Monthly escrow
- —
- Effective rate
- —
- Tax per $100k value
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Uses the state average effective rate. County and municipal rates vary — this is a planning estimate, not a parcel-level quote.
Read the assumptions
Results are planning estimates based on the formula shown below. They are not a quote, a loan approval, or tax advice.
Worked example
- Home Value
- $350,000
- Assessment Rate
- 100%
- Millage Rate
- $12.50 per $1,000
- Annual Tax
- $4,375
- Monthly Tax
- $365
How it works
Annual Property Tax = (Property Value × Assessment Rate) × (Millage Rate / 100); Monthly = Annual / 12. Assessment rates vary by state (10-100% of market value). Millage rates vary by jurisdiction (typically $5-$20 per $1,000 of assessed value).