Property Tax Calculator
Estimate annual property taxes by state
Property Details
Current market value of your property
Percentage of market value used for taxes (varies by location)
Annual tax rate as percentage of assessed value
Homestead, senior, veteran exemptions (if applicable)
Tax Calculation
Enter property details and click Calculate
Estimate your property taxes
Understanding Property Taxes
How Property Tax is Calculated
Tax = (Market Value × Assessment Ratio - Exemptions) × Tax Rate
Key Terms
- Market Value: What your home would sell for
- Assessed Value: Value used for tax purposes (often lower)
- Mill Rate: Tax per $1,000 of assessed value (1 mill = 0.1%)
- Exemptions: Reductions for homeowners, seniors, veterans, etc.
Common Exemptions
- Homestead: Primary residence exemption
- Senior Citizen: Age 65+ exemptions
- Veteran: Military service exemptions
- Disability: Disabled homeowner exemptions
Property Tax by State (Highest to Lowest)
Rates vary dramatically: New Jersey averages 2.49% while Hawaii averages 0.28%. High-tax states often have lower sales or income taxes, and vice versa.
Appealing Your Assessment
- Review your assessment notice carefully
- Compare to similar recently sold homes
- Check for errors in property details
- File an appeal within the deadline (usually 30-90 days)
- Gather evidence: sales data, photos, appraisals
Disclaimer: This calculator is for informational purposes only and should not be considered financial, tax, or legal advice. Results are estimates based on the information provided and current tax laws. Consult a qualified professional for advice specific to your situation.
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