Property Tax Calculator 2026
Estimate your annual property tax based on home value, assessment ratio, and local mill rate.
🏠 Calculate Property Tax
Annual Property Tax
Assessed Value
Monthly Tax
Effective Tax Rate0%
Property Tax by State — Highest & Lowest
Property tax rates vary dramatically by location. Here are the states with the highest and lowest effective rates:
| Highest | Rate | Lowest | Rate |
|---|---|---|---|
| New Jersey | 2.23% | Hawaii | 0.27% |
| Illinois | 2.07% | Alabama | 0.39% |
| New Hampshire | 1.93% | Colorado | 0.51% |
| Connecticut | 1.79% | West Virginia | 0.53% |
| Vermont | 1.76% | Wyoming | 0.55% |
💡 SALT Deduction
Property taxes are deductible on your federal return as part of the SALT deduction, but capped at ,000 total (including state income tax). This cap significantly affects homeowners in high-tax states.