US Property Tax Calculator (Average Per State)
Estimate your annual and monthly property taxes based on market value and average state rates.
Estimated Monthly Property Tax
Performance Forecast
US Property Tax Distribution
Detailed analysis based on market value, typical homestead exemptions, and average state-effective tax rates.
| Item | Value | Notes |
|---|---|---|
| 1 Market Property Value | $500,000 | 100% |
| 2 Homestead Exemptions | -$0 | Non-taxable |
| 3 Taxable Base Value | $500,000 | - |
| 4 Annual Tax Rate | 1.1% | Effective Avg |
| 5 Total Annual Property Tax | $5,500 | Estimated |
| 6 Monthly Escrow Amount | $458 | Pre-Tax |
β» INFO: Property taxes are primarily determined at the county and local municipal level. These estimates use statewide averages and may differ from your actual tax bill based on local bond measures and school district rates.
Understanding Property Taxes
Property taxes are one of the primary sources of funding for local governments, supporting schools, roads, and emergency services.Unlike income tax, property tax is based on the assessed value of your home or land.π How it's Calculated
1. Assessed Value : Many local governments assess homes at a percentage of their market value. 2. Millage Rate : Expressed in "mills"(one - thousandth of a dollar), this is the rate applied to your taxable value. 3. Exemptions : Many states offer "Homestead Exemptions" for primary residences, which lowers the taxable value of the home.State Variation
Rates vary wildly across the US.New Jersey and Illinois have some of the highest effective rates(over 2 %), while Hawaii and Alabama are among the lowest(under 0.5 %).Our calculator uses the statewide effective average to give you a quick estimate.Results US Property Tax Calculator (Average Per State)
This is a powerful online tool designed to help you calculate your Tax metrics instantly. We are dedicated to providing accurate and easy-to-use financial and life tools.
Community Feedback
"The state rates seem very accurate. Helped me estimate my escrow payments for my new house!"
"Essential tool for anyone comparing property taxes across different states before moving."
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