Calculate your property tax instantly for 2025–2026 based on home value, location, and local tax rates.
This free tax calculator helps U.S. homeowners estimate annual and monthly property taxes using current assessment logic used by counties and municipalities.
Property Tax Calculator (2025–2026)
Use this calculator to estimate your annual property tax based on assessed value and local tax rate.
Property Tax Calculator 2025–2026
Calculate your estimated property tax instantly
What Is Property Tax?
Property tax is a local tax imposed by counties, cities, and school districts on real estate.
It is calculated annually based on your property’s assessed value and the local tax rate.
How Property Tax Is Calculated (2025–2026)
Most U.S. jurisdictions follow this formula:
Property Tax = Assessed Value × Property Tax Rate
Example
- Home value: $400,000
- Local tax rate: 1.5%
Annual property tax:
$400,000 × 1.5% = $6,000
Property Tax Rates by State (Average)
| State | Avg Property Tax Rate |
|---|---|
| New Jersey | ~2.23% |
| Illinois | ~2.08% |
| Texas | ~1.60% |
| California | ~0.75% |
| Florida | ~0.98% |
| New York | ~1.62% |
⚠️ Actual tax rates vary by county, city, and school district. Always use your local assessor’s rate for accuracy.
Factors That Affect Your Property Tax
1. Assessed Value
Counties reassess properties annually or biannually based on market trends.
2. Local Tax Rate
Set by:
- County government
- City or municipality
- School district
3. Exemptions & Deductions
Common exemptions:
- Homestead exemption
- Senior citizen exemption
- Veteran or disability exemptions
Exemptions reduce taxable value, not the tax rate.
Property Tax vs Mortgage Payment
Property tax is not included in your loan principal, but many lenders collect it monthly via escrow.
Monthly Property Tax Formula
Annual Property Tax ÷ 12
How to Lower Your Property Tax Legally
- Appeal your property assessment
- Apply for homestead exemption
- Verify assessed value accuracy
- Compare similar properties (comps)
Property Tax Due Dates (General)
| Payment Type | Common Due Dates |
|---|---|
| Annual | Nov–Dec |
| Semi-Annual | June & December |
| Quarterly | Varies by state |
Always confirm with your county tax collector.
Is Property Tax Deductible in 2025–2026?
Yes, but with limits.
- Deductible under SALT deduction
- Federal cap: $10,000 (combined property + state/local income taxes)
Who Should Use This Calculator?
- Homeowners
- First-time buyers
- Real estate investors
- Landlords
- Mortgage planners
Frequently Asked Questions (FAQ)
How accurate is this property tax calculator?
This calculator provides estimates based on user-entered tax rates. Accuracy depends on using the correct local rate.
Does this include exemptions?
No. Apply exemptions by reducing the property value before calculation.
Are property tax rates changing in 2026?
Rates may change yearly based on local budgets. Always check county updates.
Is property tax paid monthly or yearly?
Most homeowners pay monthly via escrow, but taxes are billed annually or semi-annually.