PT

Property Tax Calculator

Works out yearly property tax from a property's value and the local rate you enter.

Business & TaxRuns in your browser

Result…

$
%

The share of market value that is taxed; 100% if the assessed value is the market value.

$

Amounts taken off the assessed value (homestead and similar).

Rate given as
%

Your local rate; we do not assume any area's tax.

 

…

How it's calculated

Assessed = market value × assessment ratio
Tax = (assessed − exemptions) × rate (or × mills ÷ 1,000)

Property tax is set locally and the assessed value is often not the price the home would sell for. Use the assessed value and rate on your tax bill for an exact figure; this estimate helps compare places or budget for a purchase.

Your numbers, step by step

    More in Business & Tax

    TXSales TaxAdds sales tax at the rate you enter to a price before tax.Top 100 · #15VATVATAdds VAT to a net price or takes it out of a gross price, at the rate you enter.Top 100 · #16ITIncome TaxWorks out income tax on progressive brackets you enter, with your effective and marginal rates.Top 100 · #17M%Profit MarginWorks out the share of a sale price that is profit, from what it cost and what it sold for.Top 100 · #18−%DiscountWorks out the price after a discount and how much you save.Top 100 · #19$/hSalary to HourlyTurns a yearly salary into the hourly rate it works out to.Top 100 · #20