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HomeFinanceLoan CalculatorsProperty Tax Calculator
Mortgage & Home Finance

Property Tax Calculator

Estimate your annual and monthly property tax liability based on your home's assessed value and the local tax rate. Includes a breakdown of how property taxes affect your total housing cost.

Updated 2024-12-15 8 min read Calzyra Financial Team

CalculatorFree Tool

$

Assessed value of your property as determined by the local authority

%

Annual property tax rate as a percentage of assessed value

$

Dollar amount deducted from assessed value before taxes are applied (varies by state)

Property Tax Calculator - Formula

Annual Tax = Assessed Value × Tax Rate; Monthly Tax = Annual Tax / 12

Property tax is calculated by multiplying the assessed value of the property by the annual millage or tax rate. The annual figure is then divided by 12 to show the monthly escrow contribution typically added to a mortgage payment.

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