Property Tax Calculator
Calculate annual property taxes based on your home value and local tax rate.
US avg: 1.1%, UK: 0.4-0.8%, Canada: 0.5-1.5%
Percentage of market value used for tax (usually 100%)
Frequently Asked Questions
How is property tax calculated?
Property tax = Assessed Value × Tax Rate. The assessed value is typically a percentage of market value (50-100%), and the tax rate varies by location (0.3-2.5% in the US).
What is the average property tax rate in the US?
The average US property tax rate is about 1.1% of home value. Rates vary widely: New Jersey (2.5%), Texas (1.8%), Hawaii (0.3%). Check your local rate for accuracy.
Are property taxes deductible?
Yes, in the US you can deduct up to $10,000 ($5,000 if married filing separately) in state and local taxes (SALT), including property taxes, on your federal return.