Property Tax Calculator
Enter your assessed property value and local mill rate to estimate your annual property tax, with optional exemptions.
Use the Property Tax Calculator
Property Details
$
Check your county assessor's notice for this figure.
1 mill = $1 per $1,000 of taxable value. Typical range: 5–50 mills.
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$
Tax Estimate
Assessed Value
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Total Exemptions
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Taxable Value
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Mill Rate
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Annual Tax
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Payment Breakdown
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Per Month
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Per Quarter
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Per Day
Effective Tax Rate
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of assessed value
0%
5%
Enter your property details to see an estimate.
Summary
The Property Tax Calculator estimates your annual property tax bill using your assessed property value and the local mill rate (also called millage rate). A mill equals $1 of tax per $1,000 of assessed value, so a 20-mill rate on a $300,000 assessed home means $6,000 per year. You can also subtract common exemptions — such as a homestead exemption — to see your net taxable value and the resulting tax owed.
How it works
- Enter the assessed value of your property (often different from market value).
- Enter your local mill rate — check your county assessor's website for the current rate.
- Optionally enter any exemption amounts (e.g., homestead, senior, veteran exemptions).
- The calculator subtracts exemptions from the assessed value to get taxable value.
- Annual tax = (Taxable Value ÷ 1,000) × Mill Rate.
- Monthly and daily breakdowns are shown for budgeting purposes.
Use cases
- Estimate property taxes before buying a home.
- Budget monthly escrow payments for your mortgage.
- Compare tax burden across municipalities with different mill rates.
- Calculate savings from homestead or senior exemptions.
- Understand how an assessment increase will affect your tax bill.
- Verify your tax bill matches your county's published mill rate.
Frequently Asked Questions
Last updated: 2026-10-05 ·
Reviewed by Nham Vu