Property tax calculator

Annual and monthly property tax estimate for any U.S. home.

Property tax rates vary 10x across the U.S. Hawaii's effective rate is 0.27%. New Jersey's is 2.49%. On a $400,000 home that's the difference between $1,080 and $9,960 per year - and it lasts forever. A house in a high-tax state with a lower price tag often costs more to own than a more expensive house in a low-tax state.

Worked examples

Real numbers for common scenarios. These are estimates - your final closing disclosure will reflect the exact fees your specific loan and property require.

Scenario

$425,000 home, 1.1% effective rate (FL)

Inputs

Sale price: $425,000

Estimate

Annual property tax: $4,675
Monthly portion: $390

Scenario

$425,000 home, 2.49% effective rate (NJ)

Inputs

Sale price: $425,000

Estimate

Annual property tax: $10,583
Monthly portion: $882

New Jersey has the highest property tax rate in the U.S. - over 9x Hawaii's.

Run your own numbers

The calculator gives you the same itemized breakdown for any price, down payment, loan type, and location.

Open the calculator

Frequently asked questions

Which states have the lowest property tax?+

Hawaii (0.27%), Alabama (0.39%), Louisiana (0.55%), Wyoming (0.58%), Colorado (0.55%), and South Carolina (0.56%) all sit well below the national average of 1.10%.

Which states have the highest property tax?+

New Jersey (2.49%), Illinois (2.27%), New Hampshire (2.18%), Connecticut (2.14%), and Vermont (1.90%) top the list. Texas (1.80%) and New York (1.72%) are next.

Why did my property tax go up after I bought?+

Most counties reassess at sale price. If you bought a home that was previously assessed at $250,000 but you paid $425,000, the next year's tax bill is likely based on $425,000. In states like California (Prop 13) and Florida (Save Our Homes) the cap on year-over-year increases resets to the new sale price for new buyers.

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All numbers shown are estimates for planning purposes. Closing costs, taxes, and fees vary by lender, title company, county, and individual transaction. LoanElk is not a lender, broker, or financial advisor. Your final Loan Estimate and Closing Disclosure are the authoritative figures.