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Property Tax Calculator 2025

Estimate your annual and monthly property tax from your home's assessed value and local tax rate. Enter a custom rate or pick a US state to use its typical effective rate. Works for any property worldwide.

Property Tax Calculator
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%  →  Assessed value: $400,000
Most states assess at 100%. Some assess at 80%, 50%, etc. Check your local authority.
% per year  (or enter mill rate ÷ 10)
1 mill = $1 per $1,000 of assessed value. A 10 mill rate = 1.0%.
Annual Property Tax
$0
Annual Tax
$0
Monthly Tax
$0
Assessed Value
$0
Effective Rate
0%
Tax per $1,000 Value
$0
Tax as % of Market Value
0%

Median Property Tax Rates by US State (2025)

Effective property tax rates vary widely — from under 0.6% in Hawaii to over 2.2% in New Jersey and Illinois. Your actual bill depends on your local county/municipality rate, not just the state average.

StateMedian Effective RateTax on $400k Home
Hawaii0.57%$2,280
California0.93%$3,720
Florida1.02%$4,080
New York1.90%$7,600
Texas2.08%$8,320
New Jersey2.23%$8,920

Frequently Asked Questions

Property tax = Assessed Value × Tax Rate. The assessed value is often a percentage of your home's market value (the assessment ratio — typically 80–100% depending on your jurisdiction). The tax rate is set by your local government and is often expressed as a mill rate (1 mill = $1 per $1,000 assessed value = 0.1%). So a 10 mill rate on a $300,000 assessed value = $3,000 per year.
Market value is what your property would sell for. Assessed value is the value your local tax authority uses to calculate your tax bill — it may be the full market value or a set percentage of it (e.g. 80% in some counties). Your property tax notice will show your assessed value. If you think it's too high you can typically appeal the assessment.
Yes — common ways include: (1) Homestead exemptions — many states offer a reduction for primary residences; (2) Senior/veteran exemptions — age or service-based reductions; (3) Appealing your assessment — if your assessed value is higher than comparable sales in your area, you may be able to appeal; (4) Agricultural or conservation exemptions for qualifying land uses. Contact your local assessor's office for available programmes.