Property Tax Estimator
Calculate your estimated property taxes based on home value and location. Compare rates across all 50 states.
Property Details
Enter your property information
Most states assess at 100% of market value
Check your county for available exemptions
How Property Taxes Work
Property taxes are calculated by multiplying your property's assessed value by the local tax rate (mill rate). Rates vary significantly by state and even by county, making location a major factor in your total housing costs.
States with Lowest Property Taxes
- Hawaii: 0.28% - Lowest in the nation
- Alabama: 0.41% - Low taxes, low cost of living
- Colorado: 0.51% - TABOR limits tax increases
- Louisiana: 0.55% - Generous homestead exemptions
States with Highest Property Taxes
- New Jersey: 2.49% - Highest in the nation
- Illinois: 2.27% - High rates, especially in Chicago area
- New Hampshire: 2.18% - No income tax, relies on property tax
- Connecticut: 2.14% - High taxes, high home values
How to Lower Your Property Taxes
- Homestead Exemption: Many states offer exemptions for primary residences
- Appeal Your Assessment: Challenge your property valuation if it seems too high
- Senior Exemptions: Many states offer additional breaks for seniors 65+
- Veteran Exemptions: Special exemptions available for military veterans
Property Tax FAQs
What is an assessment ratio?
The assessment ratio determines what percentage of your home's market value is subject to taxation. Most states assess at 100%, but some like South Carolina assess at 4% for owner-occupied homes.
When are property taxes due?
Property tax due dates vary by county but are typically paid annually or semi-annually. Many homeowners pay through their mortgage escrow account.
Are property taxes tax deductible?
Yes, property taxes are deductible on federal income taxes, subject to the $10,000 SALT (State and Local Tax) deduction cap.