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36topcalcnow ← Taxes
🏠 Taxes

Property Tax Calculator

Estimate your annual real estate property tax. Supports any millage rate, assessment ratio and homestead exemption.

📋 Data Entry

% of market value used for tax
Or enter mills ÷ 10
State avg rate quick-set:
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📄 Result

Annual Property Tax
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⚠️ Estimate only. Actual tax depends on local millage, special assessments, exemptions, and property classification. Check your county assessor's office for exact figures.
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📊 Highest & lowest US states

Highest:
New Jersey 2.49% · Illinois 2.27% · New Hampshire 2.18%

Lowest:
Hawaii 0.32% · Alabama 0.42% · Colorado 0.55%

Rates shown are effective rates (annual tax ÷ market value).

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How property tax is calculated

Property tax in the US works in 3 steps: (1) the local assessor determines a market value for your property, (2) an assessment ratio is applied (often 100%, but can be lower in some states), and (3) the local millage rate is multiplied by the assessed value.

A "mill" equals $1 per $1,000 of assessed value. So a 25-mill rate equals 2.5%. Many jurisdictions express the rate this way, while others publish percentages.

Homestead exemption is a fixed amount subtracted from the assessed value for owner-occupied primary residences. It can dramatically reduce the bill — Florida and Texas, for example, offer significant exemptions.

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