To calculate your property taxes, start by typing the county and state where the property is located and then enter the home value. Press calculate to see the average property tax rate, along with an estimate of the monthly and yearly property tax costs. Keep in mind, property tax rates are sourced from publicly available data and can fluctuate each year. Your actual property taxes may vary from the estimate provided.
Your property tax estimate is:
Annual property taxes
Monthly property taxes
Property taxes are billed bi-annually
The Zestimate is Zillow's best estimate of a property's market value.
Compare your property tax rate against rates in the top 50 metros.
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See how your property tax rates compare to the top 50 metropolitan areas in the United States. We used publicly available county property tax rate data from 2021 and compared taxes paid to the local Zestimate to calculate the effective property tax rate in each location.
| Location | Rate | Annual Property Tax | Monthly Property Tax |
|---|---|---|---|
| United States | 0.88 % | $2,561 | $213 |
| New York, NY | 1.90 % | $10,311 | $859 |
| Los Angeles, CA | 0.69 % | $5,425 | $452 |
| Chicago, IL | 1.97 % | $5,241 | $437 |
| Dallas, TX | 1.49 % | $4,669 | $389 |
| Houston, TX | 1.35 % | $3,478 | $290 |
| Washington, DC | 0.87 % | $4,280 | $357 |
| Philadelphia, PA | 1.35 % | $3,944 | $329 |
| Miami, FL | 1.12 % | $3,903 | $325 |
| Atlanta, GA | 0.88 % | $2,681 | $223 |
| Show More |
To estimate your property taxes, we multiply the home value you provide by the county's effective property tax rate. The specific process and formula used to calculate property taxes can vary based on where the property is located and regulations set by the local governing authority there. To give you a general idea of the math involved, here is the calculation we used:
Annual property tax = Property value * (Property tax rate % / 100)
Monthly property tax = Annual property tax / 12
Your governing authority should notify you of any changes to your property tax liability. Sometimes, the amount of taxes you owe will change as a result of your property's value increasing or decreasing. Our property tax calculator provides an estimate of your real estate taxes based on the information you provide. For the most up-to-date property tax information, check your state’s website.
Property taxes are unique to the property location and value. Some property taxes can be two to four times higher than a mortgage payment, and others may be less than one month’s mortgage payment. Here are a few of the factors that may impact how much you pay in property taxes.
The assessment rate is the percentage of a property’s market value (up to 100%) that is taxable. Homes in Washington State, for example, are assessed at 100% of the market value as of 2022, while properties in Wyoming have an assessment ratio of 9.5% of the market value. A $150,000 home in Wyoming would then have a taxed assessed value of $14,250, while the same home in Washington would have a taxed assessed value of $150,000.
This is the price a home would sell for under normal conditions given there is a willing seller and able buyer. Some tax authorities use the market value of a home as the tax assessed property value, others may multiply the market value by the assessment rate to determine the property’s taxable value.
The assessed property value is the assigned dollar amount for a property according to the county tax assessor. The assessment is usually based on the market value and the current assessment rate for the state. Assessments are typically done every one to five years.
For example, a home in Nevada with a market value of $200,000 and an assessment rate of 35% would have an assessed value of $70,000 (200,000 x 0.35 = 70,000). This means you’d pay property taxes on the assessed $70,000 property value.
The amount of tax that a property owner has to pay per $1,000 of assessed property value. The mill levy is calculated by dividing the total amount of revenue needed to be raised from property taxes by the total assessed property value in a given area.
As an example, say your local government needs to raise $10 million in revenue and the total assessed property value in the area is $100 million, the mill levy would be 100 mills. The mill levy is then converted to a percentage (the mill rate) to determine your property tax liability.
The percentage at which you’re taxed is the mill rate — often referred to as the millage or property tax. One mill is equal to one-thousandth of a dollar ($0.001), meaning you’re taxed $1 for every $1,000 of your property’s assessed value.
Say the mill rate in your area is 0.02 or 2%. You’d then owe $20 for every $1,000 of assessed property value. On a $300,000 house assessed at 100%, property taxes would equal $600 for the year (not including any excess levies or exemptions).
Excess levies are additional taxes applied to the property tax rate. The levies are usually voter-approved. One example of a voter-approved levy is passing a vote to fund programs for the school district. While some states limit the amount of property taxes a government may levy, voter-approved levies are in excess and not limited.
You may already be aware of property tax exemptions for religious properties, government-owned properties and properties owned by nonprofit organizations and charities. In addition, residential homeowners can also qualify for property tax exemptions that can reduce or negate their property tax liability. While the exemptions offered might vary somewhat by state, here are four of the most common:
Senior citizens exemption: The minimum age required to qualify varies by location but is typically available to homeowners over the age of 65. In addition, you may be required to meet income restrictions or residency requirements in order to qualify for this exemption.
Veterans exemption: The veterans who qualify and the amount they qualify for varies heavily by state. Some states only qualify veterans with a disability status, others may qualify veterans regardless of disability status. In states like Iowa and Florida, disabled veterans may receive a 100% property tax exemption, while a veteran in New Jersey may only receive a $250 exemption.
Persons with disabilities exemption: Those who are permanently disabled can expect to qualify for some portion of property tax relief. Depending on the state and property value, the relief may be a few hundred dollars off your property taxes or a few thousand.
Homestead exemption: Most states offer a homestead exemption, except for New Jersey and Pennsylvania. Homestead exemptions reduce state property taxes by decreasing the taxable value of a primary residence. Instead of being taxed on the home’s assessed value, a portion of the home’s equity is protected, limiting the taxable amount.
While some states fund all county services through property taxes, other states allow counties to use property tax funds at their own discretion. The revenue from property taxes is generally used to fund public service projects that support the community you live in, such as:
Your property tax liability may be a few hundred dollars to a few thousand depending on your properties value and where it’s located. If you qualify for a property tax exemption, you may owe nothing in property tax or less than someone living in a comparable home. Property taxes are not a set dollar amount. Property tax rates, exemptions and assessments are unique to each state and local governing authority. You can use our calculator to get an estimate or contact your state’s department of revenue and taxation directly.
Which state has the lowest property tax rate?According to the Census Bureau’s 2021 1-year American Community Survey (ACS), Hawaii has the lowest property tax rate in the U.S. at 0.27%. On the opposite end of the spectrum, New Jersey has the highest effective property tax rate at 2.26%.
How do I find my property tax rate?You can find your property tax rate and property tax information on your county’s or state’s department of revenue and taxation website. We’ve included a helpful list of websites where you can find property tax information by state.
Where does Zillow's property tax rate data come from?Zillow’s average tax rate data is compiled from both the American Community Survey (ACS) and the California State Board of Equalization. For counties with a population of 65,000 or more, the ACS 1-year estimate from 2021 is used. For counties with a population of less than 65,000, the 5-year estimate from 2017-2021 is used. Counties in California have a unique tax rate system, so their tax rate data is gathered separately.
How do I pay property taxes?Property taxes can usually be paid online, through the mail, by phone or in person. Check your state’s department of revenue and taxation website to verify the acceptable payment methods. In some cases, homeowners may pay their property taxes as part of their monthly mortgage payment. Your loan officer can confirm if this applies to you. If so, a portion of your mortgage payment is collected for property taxes and held in an escrow account then applied to your tax bill when due.
How often are property taxes collected?Property taxes are typically collected annually or bi-annually by your local government. Mortgage borrowers who pay for property taxes through their mortgage servicer usually have property taxes collected in monthly installments as part of their mortgage payment. You can estimate your mortgage costs, including property taxes, using Zillow’s Mortgage Calculator.
What can I do if my property tax assessment looks wrong?You may be able to appeal your property tax bill with your local government agency. You can ask them to look at the assessed value of your property again, check exemptions were applied or confirm the tax rate is correct based on your property and location. Speak with a local tax professional to learn more about the options available to you.
How can I claim property tax exemptions?Start by checking with your state and local tax authorities to make sure you meet all the qualifications for the exemption you’re interested in. You can usually find this information on your state’s department of revenue and taxation website.
Once you’ve confirmed eligibility, you may need to provide documentation, like proof of residency, income statements and application forms. Documentation requirements may vary depending on the exemption you’re claiming and in what location. If your state or local government requires it, you may need to apply for the exemption. Some states may automatically apply the reduction to your property tax bill.
Property tax information is available through your state’s department of revenue and taxation website. We've compiled a list of each website below. Click on a state to find the most current information about property tax rates, exemptions, collection dates and assessments.
