Property Tax Calculator
Estimate annual property tax from your home value, assessment ratio and local tax rate, with exemptions and special assessments. Enter your own rate — no local rate is assumed.
Written and reviewed by the CalcBundle editorial team. Transparent formulas · results are estimates, not advice.
Estimated annual property tax
Enter a property value and tax rate greater than zero.
Assessed value
Property tax is usually based on an assessed value, not the market price: assessed value = market value × assessment ratio. Some areas assess at 100%, others at a lower fraction.
The property tax formula
- Assessed value = property value × assessment ratio
- Taxable assessed value = assessed value − exemptions
- Property tax = taxable assessed value × tax rate + additional levies
Exemptions and planning
Homestead and other exemptions reduce the taxable base. Property tax is a major cost of ownership — factor it into the house affordability calculator and, for rentals, the rental property ROI calculator.
Frequently asked questions
How is property tax calculated?
Assessed value = market value × assessment ratio. Property tax = (assessed value − exemptions) × tax rate, plus any additional local levies or special assessments.
What is an assessment ratio?
Many jurisdictions tax a percentage of market value rather than the full value. The assessment ratio is that percentage; set it to 100% if your area assesses at full value.
Does this use my local tax rate?
No — you enter the rate. Property tax rates and assessment rules vary by locality, so CalcBundle does not assume a rate. Check your assessor or tax bill for the exact figures.
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Disclaimer. This calculator provides estimates for informational purposes only. Results are based on the information you enter and the assumptions used by the calculator. Actual financial, tax, business valuation, lending, marketplace or investment outcomes may differ. Consider consulting a qualified professional for decisions involving significant amounts of money. Actual property taxes depend on local assessment rules, exemptions and levies. Results are estimates based on the values you enter.