Property Tax Calculator
Estimate your annual property tax based on home value and local tax rates
How Property Taxes Work
Property taxes are annual taxes paid by property owners to local governments, based on the assessed value of their property. These taxes fund public services like schools, roads, and emergency services.
1. Assessment
Local assessors determine your property's market value, then apply an assessment rate (often less than 100%) to calculate the assessed value.
2. Exemptions
Many jurisdictions offer exemptions (like homestead exemptions) that reduce your taxable value, especially for primary residences.
3. Millage Rates
Taxing authorities set millage rates (tax rates per $1,000 of value) that are applied to your taxable value to calculate the tax amount.
4. Special Assessments
Additional charges may be added for local improvements like sidewalks, sewers, or neighborhood enhancements.
Note: Property tax systems vary significantly by location. This calculator provides estimates based on typical rates. For exact figures, consult your local tax assessor's office.
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