Latest Property Taxes

Our Property Tax data is derived from the latest U.S. Census data released On December 7th, 2022.

Average Property Tax Rate Rates by state

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States(51)

Overseas Territories (1)

Property Taxes Tables

National Average Property Taxes

Breaking Down Property Taxes

Property taxes account for the entire value of the buildings and the land on the plot.

What is a Mill Rate?

The mill levy is also known as the millage tax or mill rate. Tax Assessors use the mill levy to calculate property tax rates. Each school and city district near the property determine the mill levy. Each entity has its own boundaries. If a property is in multiple boundaries, the sum of the rates are the millage rate.

Mill rates represent $1 per $1000 dollars of the assessed Assessed Value.

How to Calculate Property Taxes Property Tax Rate?

Property taxes equal the assessed Assessed Value multiplied by the local tax rate. To find the assessed Assessed Value contact your local tax office or look on your property tax bill. If you qualify for any tax exemptions or deductions these can lower your tax value. These exemptions include:

• Senior Citizens
• Veteran Status
• Disability
• Home improvement
• Green energy
• Energy Efficiency

How to Calculate Property Taxes Based on Mill Rate?

Millage Rate represents one-tenth of a percentage paid on a property as property tax. For example a mill of 20 means that you must pay 2.0% of the property's assessed value as property tax. Property tax rate times ten equals mill rate

You can find property tax rate for your area by clicking on the map above.

Property Tax due = Property Tax Rate × (Assessed Assessed Value - Deductions)

How we Calculate Property Tax Rates From Census Data

The U.S. Census gathers cumulative property tax data over a five year period. We calculate our Property Taxes based on Assessed Value and Property Tax from this Census Data.

We use two U.S. Census data sources containing data for each area. One containing median home values and the other containing property Property Tax. Property Property Tax divided by Assessed Value approximates property tax rate.

$2,000 ÷ $200,000 = 0.01 = 1% Property Tax

How are Property Taxes Established?

All areas in the United States base their property taxes on a percentage of assessed home value. Our data is based on U.S. Census data gathered over a five year period.

How are Property Taxes Assessed?

County or Municipality tax assessors value properties every one to five years. The owner pays a tax rate based on the standards set by local taxing authorities.

Property Taxes vary within every state and county. Read on to learn more about how property taxes are established and used.

Who Establishes Property Taxes?

Property taxes are levied by local entities including:

• Counties
• Cities
• School Districts

Learn about the history of property taxes.

How are Property Taxes Used By Communities?

Property taxes are one of the most important income sources for communities.

School districts and County/City boards meet to determine the needed mill rates. They also determine how the money from property taxes is used.

Property Taxes cover services including:

• Public Schools
• Emergency services
• Public Transportation
• Parks and maintenance
• Libraries

Learn how property taxes affect home price.

Property Tax History (2010 - 2022)

The graph shows minimum and maximum Property Taxes in each year since 2010.

Want to Learn More?

• Loan Limits to learn about conventional loans
• Fair Market Rents to learn about FMRs
• Income Limits to learn about income assistance
• Housing Authorites to learn about Housing Authorities

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