Common question
How much is property tax?
Property tax here is the value you enter, minus any exemption you enter, times the rate you enter. The page also divides the annual bill by 12 so you can see a monthly set-aside.
The rate is yours to type. This site does not look up a county rate. A real bill can include local assessments that a single rate does not show. The result is an estimate from the numbers you enter.
About $4,950.00.
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How we calculated this
Annual tax is the home value minus any exemption you enter, multiplied by the tax rate. Monthly is that amount divided by 12. Rates here are something you enter; county data is not connected.
What does this mean?
At 1.10%, set aside about $412.50 a month for property tax. Your bill can also include local assessments this rate does not show.
Your assumptions
Edit assumptions- Home value
- $450,000
- Tax rate
- 1.10%
- Exemption
- $0
This calculator multiplies the value and rate you enter. It does not look up a county bill. Actual taxes, exemptions, and assessments may vary.
How the estimate is calculated
Taxable value is the home value minus the exemption, and it does not go below zero. Annual tax is that taxable value times the rate.
The monthly figure is the annual tax divided by 12. It is a planning set-aside, not the way every county bills.
Open the Property Tax Calculator · How this calculator works
Questions
Where do I find the rate?
A tax bill or the local assessor usually shows it. Enter the percent, not a mill count, unless you convert it. One mill is 0.1%.
Should I use the purchase price or the assessed value?
Use the value the tax is based on if you know it. A purchase price can differ from the assessed value.
What is the exemption field for?
Some owners subtract a homestead or similar exemption before the rate is applied. Enter that dollar amount if it applies. Otherwise leave it at zero.
Why show a monthly number?
Mortgage escrows often collect about one twelfth of the annual bill each month. Your county may bill on a different schedule.