Property Tax Calculator | Annual Property Tax

Calculate Annual Property Tax

Annual Property Tax

Monthly Property Tax

Tax as % of Home Value

⚠️ Property tax rates vary by county/state. This is an estimate—check your county assessor's office for exact rates. Rates may be lower for owner-occupied homes or if exemptions apply.

Last updated: April 19, 2026

📋 What to Do Next:

Check your county assessor: Website has exact tax rate and assessment value
Factor into budget: Add property tax to mortgage payment for true housing cost
Appeal if overassessed: If home value decreases, request assessment reduction
Look for exemptions: Homestead exemptions, senior exemptions may reduce taxes
Budget for increases: Property tax rises 2-3% annually; plan ahead

Frequently Asked Questions

What's the average property tax rate in the US?

Average is ~0.85% of home value, ranging 0.3% (Hawaii) to 2.5% (New Jersey, Illinois). Texas averages 1.6%, Florida 0.91%, California 0.7%. States with high property taxes often have lower income/sales taxes (trade-off). Check your specific county for exact rate.

Can I deduct property taxes from my income?

Yes, if you itemize deductions and have a mortgage. SALT deduction cap is $10,000 annually (includes state income tax, sales tax, property tax combined). Most homeowners benefit from standard deduction instead. Consult tax professional for your situation.

Do property taxes go up every year?

Usually, yes. Average annual increase is 2-3%. Some states cap increases (Proposition 13 in California limits to 2% unless property changes hands). Check your state's property tax cap laws. Budget for 3% annual increase when planning long-term homeownership costs.

What if I disagree with my home's assessed value?

File a formal appeal with your county assessor. Provide evidence: recent appraisals, comparable sales, photos showing condition issues. If successful, reassessed value lowers tax bill. Appeals are usually free and deadlines are tight (30-60 days), so act quickly if assessed value seems high.

Are property taxes paid from escrow?

Yes, typically. Mortgage lenders require escrow account for property tax and insurance. Monthly payment includes: principal, interest, tax, insurance (PITI). Lender holds money, pays taxes/insurance on your behalf. Ensures taxes get paid, protecting lender's investment.

Do rental properties have different property tax rates?

Generally no—tax rate is same. However, rental income may trigger additional taxes. Owner-occupied homes may qualify for homestead exemption (lower rate). Some areas offer agricultural exemptions for farms. Check your county for exemptions applicable to your situation.