property tax calculatorproperty tax estimatormillage rate calculatorassessed valuehomestead exemption
//// Personal Finance · Real Estate
Property Tax Estimator
Enter your home value, millage rate, and exemptions to get your annual tax bill, monthly escrow amount, and effective rate — with state comparison built in.
Where this fits
This tool lives inside Home Buying and is most useful for homeowners and households.
30yr Fixed Avg~6.8%
Standard Down20%
DTI Limit (QM)43%
Annual Tax
$7,000
Monthly Escrow
$583
Effective Rate
2.00%
Property Details
Assessed value: $350,000 · Taxable value: $350,000
State Effective Rate Reference
StateAvg RateNotes
New Jersey2.23%Highest in US
Illinois2.08%High industrial base
New Hampshire1.93%No income tax trade-off
Vermont1.82%Rural areas vary widely
Texas1.60%No income tax
Wisconsin1.51%Above national avg
Ohio1.41%County-level variation
Pennsylvania1.36%School district driven
Iowa1.29%Farm exemptions common
Michigan1.25%Capped assessment gains
National Average0.99%Median owner-occupied
Florida0.83%Homestead exemption available
Arizona0.62%Assessment ratio ~10%
Colorado0.55%Assessed at 6.95% of value
Hawaii0.29%Lowest rate, highest values
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