Property Tax Calculator 2026
Calculate real estate taxes, property tax rates, and annual property tax amounts. Essential tool for homeowners, buyers, and real estate investors.
Property Tax Calculator
Percentage of market value used for tax assessment
Current Tax Rates
Quick Examples
Assessment Factors
Property Tax Rates by County
High Tax Counties (2.5%+)
Medium Tax Counties (1.5-2.5%)
Low Tax Counties (<1.5%)
Property Tax Planning Tips
For Homeowners
- • Apply for homestead exemptions
- • Appeal assessments if too high
- • Consider tax implications when buying
- • Plan for annual increases
- • Research local tax rates
For Investors
- • Factor taxes into ROI calculations
- • Consider tax-advantaged locations
- • Plan for tax increases over time
- • Research local tax policies
- • Include taxes in cash flow analysis
Understanding Property Taxes
How Property Tax Works
Property tax is an ad valorem tax based on the assessed value of your real estate. Local governments use these taxes to fund schools, roads, police, and other services.
The tax amount is calculated by multiplying the assessed value by the local tax rate, which varies significantly by location.
Assessment Process
Property values are typically assessed annually by local assessors. They consider factors like market value, property improvements, and comparable sales.
Some jurisdictions use a percentage of market value (e.g., 80% of fair market value) as the assessed value for tax purposes.
Tax Rates & Millage
Property tax rates are often expressed in mills (1 mill = 0.1% or $1 per $1,000 of assessed value). Rates vary by county, city, school district, and special districts.
Total tax rate is the sum of all applicable rates in your area.
Property Tax Rate Examples by State
High Tax States
States with higher property tax rates typically have lower income taxes.
Average Tax States
Most states fall in this middle range for property tax rates.
Low Tax States
States with lower property tax rates often have higher income taxes.
Property Tax Deductions & Exemptions
Common Deductions
- •Homestead Exemption: Reduces assessed value for primary residences
- •Senior Citizen Exemption: Additional reductions for elderly homeowners
- •Veteran Exemption: Special benefits for military veterans
- •Disability Exemption: Reductions for disabled homeowners
Tax Planning Tips
- •Apply for all eligible exemptions and deductions
- •Review property assessments for accuracy
- •Consider property tax implications when buying
- •Factor taxes into total homeownership costs