Property Tax Calculator

Estimate annual and monthly property taxes from an assessed value, exemption, and local tax rate.

Property Tax Inputs

Property Market Value ($)Assessment Ratio (%)Assessed Value Exemption ($)Property Tax Rate (% of Taxable Value)Estimated Next-Year Tax Increase (%)

Estimated Property Taxes

Assessed Property Value: $350,000.00

Taxable Value After Exemption: $325,000.00

Estimated Annual Property Tax: $3,900.00

Estimated Monthly Property Tax: $325.00

Projected Next-Year Annual Tax: $4,017.00

Enter the effective local tax rate as a percentage of taxable assessed value (for example, 12 mills = 1.2%). Local assessments, exemptions, special levies, and billing rules vary; verify rates with the local taxing authority. The next-year estimate changes the tax bill, not the underlying assessed value.