Property Tax Calculator
Estimate annual and monthly-escrow property tax from assessed value and tax rate.
Amortization schedule
| # | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
Showing first 12 of months.
Growth over time
| Year | Invested | Value |
|---|---|---|
Introduction
Property Tax Calculator — Estimate annual and monthly-escrow property tax from assessed value and tax rate. Enter Assessed value, Tax rate (%) to get an instant, accurate result.
Formula
Annual property tax = assessed value × tax rate% / 100. Monthly escrow = annual tax / 12.
Step-by-step
- Enter the Assessed value.
- Enter the Tax rate (%).
- Click Calculate to see your result instantly.
Real-world example
Example: With Assessed value = 300000, Tax rate (%) = 1.2, the Property Tax Calculator gives Annual Tax: 3600, Monthly Escrow: 300.
Frequently Asked Questions
Is assessed value the same as market value?
Not always — many counties assess at a percentage of market value or reassess only periodically, so your assessed value can lag behind what the home would actually sell for.
Why does my lender collect property tax monthly?
Most lenders escrow 1/12 of the estimated annual tax bill with each mortgage payment so the lump-sum bill is covered when it comes due.
What inputs does the Property Tax Calculator need?
You'll need to provide: Assessed value, Tax rate (%). All fields use sensible defaults, so you can see a working example immediately and then adjust the values to match your own numbers.
How accurate is the Property Tax Calculator?
The Property Tax Calculator applies the formula exactly as calculated — Annual property tax = assessed value × tax rate% / 100. Monthly escrow = annual tax / 12. — so results are precise for the inputs you provide. Accuracy depends on entering correct, realistic input values.
Is the Property Tax Calculator free to use?
Yes, the Property Tax Calculator is completely free, requires no signup, and runs instantly in your browser.
About the Property Tax Calculator
The Property Tax Calculator uses a real, verifiable formula — Annual property tax = assessed value × tax rate% / 100. Monthly escrow = annual tax / 12. — so results are accurate every time, not an approximation.