Property Tax Calculator — Annual & Monthly Tax by State
Estimate annual and monthly property taxes from home value and local tax rates. Property taxes fund schools, counties, cities, and special districts, so effective rates vary widely even within the same metro area. Select your state to apply configured local property tax benchmarks.
Property Details
Property Tax Estimate
Annual Property Tax
$2,520
$210/month escrow estimate
Methodology and limitations
Last reviewed:
Methodology
Uses configured property tax rate benchmarks by state and county applied to entered home value for annual and monthly escrow estimates.
Limitations
Does not replace county assessor records, exemptions, or parcel-specific district stacks.
Official sources
How to Use the Property Tax Calculator — Annual & Monthly Tax by State
Estimate annual and monthly property taxes from home value and local tax rates. Property taxes fund schools, counties, cities, and special districts, so effective rates vary widely even within the same metro area. Select your state to apply configured local property tax benchmarks.
Frequently Asked Questions
How is property tax calculated on a home?
Most jurisdictions multiply a taxable assessed value by a combined local tax rate expressed in mills or percent. Assessed value may equal market value, a fraction of market value, or a capped value under rules like California Proposition 13. The combined rate includes county, school, city, and special district levies. This calculator uses configured effective rate benchmarks by state and county so you can estimate annual tax and monthly escrow without running a full mortgage amortization.
What is a typical monthly property tax payment?
Divide the annual property tax bill by twelve for a monthly escrow estimate. On a $400,000 home with a 1.2% effective rate, annual tax is about $4,800 or $400 per month in escrow. High-tax states like New Jersey, Illinois, and Texas metro areas can exceed $700 per month on the same home value, while lower-tax states may run $200 to $350. County and district stacks matter — two homes at the same price in one ZIP code can have different bills.
Does this property tax calculator use my exact address?
No. This is a planning calculator using configured statewide or countywide effective rate benchmarks from our mortgage geo data layer. Your actual bill depends on assessed value, exemptions, homestead status, and the exact district stack for the parcel. For a precise figure, use your county assessor or tax collector lookup for the specific property address before closing.
How do property taxes affect my mortgage payment?
Lenders typically collect one-twelfth of the estimated annual property tax each month in an escrow account along with homeowners insurance and pay the tax bill on your behalf. Higher property tax directly raises PITI even when your interest rate and loan amount stay the same. Use this calculator for the tax portion, then open the Mortgage Calculator for the same state to see full principal, interest, tax, insurance, and PMI together.
Which states have the highest property taxes?
New Jersey, Illinois, New Hampshire, Connecticut, and Texas often rank among the highest effective property tax burdens, though Texas offsets with no state income tax. California uses Proposition 13 caps that keep many long-term owners at lower effective rates than newcomers. Select your state page for a configured benchmark and compare neighboring counties when choosing a suburb or school district.