Property Tax Calculator
Property taxes add hundreds of dollars to your monthly housing cost. Estimate your bill by state and see how it changes with home value — then include it in your full mortgage payment.
1 Property Details
Annual Property Tax
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Enter home value and state above
Monthly Tax
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Effective Rate
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% of Income
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At $80k income
Tax by Home Value
| Scenario | Home Value | Annual Tax | Monthly |
|---|---|---|---|
| Select a state above | |||
State Tax Comparison
At your current home value
How Property Taxes Work in the US
Property taxes are levied by local governments (counties and municipalities) and are a major source of funding for public schools, emergency services, and infrastructure. The tax is calculated as a percentage of your home's assessed value — which may differ from market value.
Tax rates vary enormously by location. States like New Jersey (avg ~2.5%) and Texas (~1.7%) have high effective rates, while Hawaii (~0.3%) and Alabama (~0.4%) have some of the lowest. Even within a state, rates vary by county.
Property Tax and Your Mortgage
If you have a mortgage, your lender typically requires you to pay property taxes through an escrow account — 1/12 of the annual bill is collected each month alongside your principal and interest. This is the "T" in PITI (Principal, Interest, Taxes, Insurance).
Use the Mortgage Calculator to see your full PITI payment with property tax included, or the Affordability Calculator to factor tax into your maximum home price.