Ownership guide

Property Tax Planning Basics

Estimate annual and monthly property taxes and pressure-test affordability against local rates.

Quick answer: A small difference in local tax rate can significantly change monthly carrying cost and affordability.

Intent: property tax estimate by home value

How to run the numbers

Enter assessed home value and local tax rate assumptions.
Optionally include exemptions for a more realistic estimate.
Compare monthly result against your housing budget and DTI target.

Common mistakes

Using listing price instead of assessed value may misstate tax estimate.
Exemption rules vary by jurisdiction and ownership status.
Millage and reassessment cycles can change over time.

Calculators to open now

Open primary calculator

Primary

Property Tax

Estimate annual and monthly property tax with optional exemptions.

Ownership / Taxes / HOA

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Tax Appeal Savings

Estimate annual property tax savings and appeal-cost payback if assessed value is reduced.

Related guides

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Estimate total ownership cost over 5, 10, and 30 years with taxes, maintenance, insurance, and utilities.

HOA Fees and Your Housing Budget

Measure how HOA dues change total monthly housing cost and percent of your payment stack.

FAQs

Why does tax estimate differ from listing portal?

Assessed value basis, exemptions, and timing of reassessment can differ across sources.

Can taxes go down after appeal?

Potentially, but outcomes vary and may include filing costs or limited savings.

Should taxes be escrowed?

Many lenders require escrow; that affects monthly cash flow even if annual tax is unchanged.

This calculator provides planning estimates for educational purposes only. Verify all assumptions with licensed professionals before making financial, legal, tax, insurance, or construction decisions.

Want a sequence instead of a single tool? Open Start Here: Buying a Home.