Millage calculation
Inputs: $100,000 taxable value and 20 mills
Illustrative result: An estimated $2,000 annual tax before special assessments
Confirm whether the displayed local rate already combines every taxing authority.
Vacant land carrying-cost estimate
Property Tax Calculator
Estimate annual and monthly property tax using the local value, assessment ratio, exemption, rate format and special assessments you enter.
Annual carrying-cost estimate
Property tax from local assessment inputsHow the result works
The assumptions stay visible.
Taxable valueEntered market or assessed value is multiplied by the assessment ratio and reduced by the entered exemption.
Rate formatThe tool accepts either a percentage or mills, where one mill equals one dollar per $1,000 of taxable value.
Special assessmentsEntered annual district or assessment charges are added after the ad valorem estimate.
Worked examples
See how the inputs change the decision.
Current-use valuation
Inputs: A reduced assessed value with an agricultural or other current-use classification
Illustrative result: A lower current bill that may carry qualification and rollback conditions
Review eligibility and the cost of changing use before treating the current bill as permanent.
Learn before you estimate
Guides connected to this calculation
Questions
Before you rely on the estimate
What is a millage rate?
One mill is $1 of tax for every $1,000 of taxable value. A 20-mill rate equals 2% of taxable value.
Is market value the same as taxable value?
Not always. Assessment ratios, exemptions, classifications, caps and local rules can produce a different taxable value.
Can land taxes increase after purchase?
Yes. A sale, change of use, loss of an exemption or classification, new assessment or local rate change may alter the bill.
What are rollback taxes?
Some current-use or agricultural programs can recapture prior tax savings when qualification ends or use changes. The rules are jurisdiction-specific.
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