Property Tax Calculator
Enter your home value and choose your state to estimate your annual and monthly property tax.
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Estimate US property tax by state.
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How property tax is calculated
Property tax is charged by local governments on the value of your home. A quick estimate is annual property tax = home value × effective tax rate. The effective rate is the share of a home’s value that owners actually pay each year, and it varies a lot by state: the US average is 0.90%, from 0.29% in Hawaii to 1.88% in New Jersey and Illinois. For a $350,000 home that is about $1,015 a year in Hawaii and $6,580 in New Jersey. The rates below are the Tax Foundation’s 2024 figures for owner-occupied housing, based on US Census Bureau data.
Effective property tax rate by state
| State | Effective rate | Tax on a $350,000 home |
|---|---|---|
| Alabama | 0.37% | $1,295 |
| Alaska | 0.94% | $3,290 |
| Arizona | 0.48% | $1,680 |
| Arkansas | 0.56% | $1,960 |
| California | 0.70% | $2,450 |
| Colorado | 0.50% | $1,750 |
| Connecticut | 1.54% | $5,390 |
| Delaware | 0.54% | $1,890 |
| District of Columbia | 0.60% | $2,100 |
| Florida | 0.78% | $2,730 |
| Georgia | 0.79% | $2,765 |
| Hawaii | 0.29% | $1,015 |
| Idaho | 0.50% | $1,750 |
| Illinois | 1.88% | $6,580 |
| Indiana | 0.76% | $2,660 |
| Iowa | 1.33% | $4,655 |
| Kansas | 1.21% | $4,235 |
| Kentucky | 0.74% | $2,590 |
| Louisiana | 0.55% | $1,925 |
| Maine | 0.98% | $3,430 |
| Maryland | 0.92% | $3,220 |
| Massachusetts | 1.00% | $3,500 |
| Michigan | 1.19% | $4,165 |
| Minnesota | 1.00% | $3,500 |
| Mississippi | 0.58% | $2,030 |
| Missouri | 0.89% | $3,115 |
| Montana | 0.61% | $2,135 |
| Nebraska | 1.44% | $5,040 |
| Nevada | 0.50% | $1,750 |
| New Hampshire | 1.50% | $5,250 |
| New Jersey | 1.88% | $6,580 |
| New Mexico | 0.63% | $2,205 |
| New York | 1.30% | $4,550 |
| North Carolina | 0.66% | $2,310 |
| North Dakota | 0.92% | $3,220 |
| Ohio | 1.36% | $4,760 |
| Oklahoma | 0.79% | $2,765 |
| Oregon | 0.81% | $2,835 |
| Pennsylvania | 1.26% | $4,410 |
| Rhode Island | 1.12% | $3,920 |
| South Carolina | 0.49% | $1,715 |
| South Dakota | 1.00% | $3,500 |
| Tennessee | 0.52% | $1,820 |
| Texas | 1.40% | $4,900 |
| Utah | 0.48% | $1,680 |
| Vermont | 1.51% | $5,285 |
| Virginia | 0.78% | $2,730 |
| Washington | 0.75% | $2,625 |
| West Virginia | 0.51% | $1,785 |
| Wisconsin | 1.32% | $4,620 |
| Wyoming | 0.53% | $1,855 |
What changes your bill
- Assessed value: many places tax an assessed value that can be lower or higher than the market price, and some limit how fast it can rise.
- Local rates: counties, cities and school districts each set rates, often written as mills (dollars per $1,000 of assessed value).
- Exemptions: homestead, senior or veteran exemptions can lower the tax.
This is an estimate and not tax advice. See also the mortgage calculator, the mortgage affordability calculator and the sales tax calculator.
How to use the property tax calculator
- Enter the home value and choose your state; the average effective rate fills in.
- Edit the rate if you know your county or city rate.
- Read the estimated annual and monthly property tax.
Frequently asked questions
How do I calculate property tax?
Multiply the home value by the effective property tax rate. At 1% on a $400,000 home the tax is about $4,000 a year.
Which state has the highest property tax?
New Jersey and Illinois have the highest effective rates in the Tax Foundation’s 2024 data, at 1.88%. Hawaii has the lowest at 0.29%.
What is the average property tax rate in the US?
About 0.90% of owner-occupied home value, according to the Tax Foundation (2024).
Is the result exact?
No. It uses the statewide average effective rate. Your exact bill depends on your county, school district, assessed value and exemptions.
Does property tax go into my mortgage payment?
Often yes. Many lenders collect property tax in escrow and add it to your monthly payment on top of principal and interest.
Related tools: US sales tax calculator · Mortgage calculator · Down payment calculator