Loan Lyze

Local tax planning

Property Tax Calculator

Estimate annual tax and monthly escrow from assessed value, exemptions, millage, and special assessments.

Estimate assessed property tax

Current estimated value.

Assessed value as a percentage of market value.

Homestead or other value reductions.

Tax dollars per $1,000 of taxable assessed value.

Fixed charges outside the millage calculation.

Projection assumption.

Whole years.

Estimated annual tax

$7,500

1.9% of market value.

Monthly escrow estimate

$625

Assessed value before exemptions$320,000
Taxable assessed value$280,000
Base property tax$7,000
Projected tax in 5 years$8,774

Assessment rules, caps, exemptions, reassessment timing, millage, and special districts are local. Use the latest assessor and tax-authority records.

How the estimate works

Market value is multiplied by the assessment ratio, then exemptions are subtracted. Each mill charges $1 per $1,000 of taxable assessed value. Special assessments are added separately.

Limitations

Property taxation is local. Reassessment timing, caps, classifications, exemptions, appeals, and district levies are not inferred; enter the rules for the property.