Property Tax Calculator

Estimate the yearly and monthly property tax on a home from its assessed value and local rate.

Your details

Assessed value$Your local assessor's value, which may differ from market price.Property tax rate%Effective annual rate. US average is around 1.1%.

Annual property tax

$4,400.00

Monthly (escrow): $366.67

Annual property tax$4,400.00

Formula

Property tax = assessed value × tax rate. The monthly figure is that amount divided by 12 (what a lender escrows).

Sources & methodology

Uses an effective rate on assessed value. Local exemptions and assessment ratios vary.

•Tax Foundation — property taxes — Tax Foundation

Last updated: 2026-07-20

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By state

State-specific versions with local tax rates prefilled.

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