🏠

US Property Tax Calculator 2023

Calculate property taxes with assessment ratios, exemptions, and payment schedules

🏡 Property Information

Property Value ($)

Assessment Ratio (%) Typically 80-100%

Payment Period

📊 Tax Rates

Local Tax Rate (%)

State Tax Rate (%) Optional

County Tax Rate (%) Optional

School District Tax (%) Optional

Other/Special District Tax (%) Optional

🎁 Tax Exemptions

Homestead Exemption ($)

Senior Exemption ($)

Veteran Exemption ($)

Other Exemptions ($)

💰 Tax Summary

Enter property details and calculate to see tax estimate

Understanding Property Tax

📋 How Property Tax is Calculated

Property tax is based on the assessed value of your property and the combined tax rates in your area:

Assessed Value = Property Value × Assessment Ratio

Taxable Value = Assessed Value - Exemptions

Annual Tax = Taxable Value × Total Tax Rate

🏘️ Tax Rate Components

Local/City Tax

Funds city services, infrastructure, and local government operations.

County Tax

Supports county services, courts, and county-level infrastructure.

School District Tax

Funds public schools, teachers, and educational programs.

Special Districts

Water districts, fire protection, parks, and other special services.

💡 Common Exemptions

•

Homestead Exemption: Available to primary residence owners, reduces taxable value

•

Senior Exemption: Additional reduction for homeowners over 65 years old

•

Veteran Exemption: Available to qualifying military veterans

•

Disability Exemption: For disabled homeowners (enter in "Other Exemptions")

📅 Payment Information

Property taxes can typically be paid:

Annually - One payment per year (common in many states)
Semi-Annually - Two payments per year (e.g., June and December)
Quarterly - Four payments per year
Monthly - Often through mortgage escrow accounts

Average Property Tax Rates by State (2023)

Note: These are approximate average effective rates. Actual rates vary significantly by county and city.

Highest Tax States

• New Jersey (~2.46%)
• Illinois (~2.23%)
• New Hampshire (~1.93%)
• Vermont (~1.82%)
• Connecticut (~1.76%)

Lowest Tax States

• Hawaii (~0.28%)
• Alabama (~0.41%)
• Louisiana (~0.55%)
• Delaware (~0.57%)
• West Virginia (~0.58%)

Popular States

• California (~0.73%)
• Texas (~1.60%)
• Florida (~0.83%)
• New York (~1.40%)
• Pennsylvania (~1.49%)

Disclaimer: This calculator provides estimates based on 2023 data only. Actual property tax amounts may vary based on local assessments, millage rates, exemption eligibility, and special assessments. Contact your local tax assessor's office for precise tax amounts and payment deadlines. Property values and tax rates are subject to change.