US Property Tax Calculator | State Property Tax Estimator

What is US Property Tax Calculator | State Property Tax Estimator?

A property tax calculator estimates annual property taxes based on home value and location, using state and local tax rates that vary dramatically across US: New Jersey 2.47% (highest), Hawaii 0.31% (lowest), national average 1.03%. Property taxes fund schools, roads, police, fire departments, local services. Calculated as: Assessed Value × Tax Rate = Annual Tax. Assessed value often differs from market value based on local assessment ratios. Essential for homebuyers budgeting ownership costs, homeowners appealing assessments, and anyone comparing cost of living between locations.

Key Benefits & Use Cases

Budget accurately for homeownership costs—property taxes are largest recurring expense after mortgage, ranging $3,000-15,000+ annually depending on location and home value. Make informed buying decisions by comparing total housing costs: $300k home in Texas (2.26% rate) costs $6,780 annually in property tax, while same home in Hawaii (0.31%) costs only $930, difference of $5,850 yearly or $117k over 20 years. Evaluate relocation options considering tax burden: high property tax areas often have no income tax (Texas, New Hampshire) while low property tax states may have high income tax (California). Understand SALT deduction limits: federal tax deduction capped at $10,000 for state/local taxes, reducing tax benefit in high-tax states. Appeal assessments effectively by knowing comparable property values and assessment calculation methods.

How to Use This Calculator

Enter home market value or purchase price and select state/county or enter property tax rate if known. Calculator shows estimated annual property tax, monthly amount (for PITI calculations), effective tax rate percentage, and comparison to state/national averages. Most accurate using actual local tax rate: find on county assessor website, recent property tax bill, or comparable neighborhood property records. Remember assessed value may differ from market value: some localities assess at 80% or 100% of market value. Calculate impact of home improvements: $50k addition increasing value from $300k to $350k adds $515 annual tax in 1% rate area. For buyers: add monthly property tax to mortgage payment to determine true housing budget—$1,500 mortgage + $400 property tax = $1,900 total monthly housing cost.