Property taxes are calculated as: mill rate × assessed value. The "assessed value" is often a percentage of market value — the assessment ratio — which varies by municipality. This tool calculates your estimated annual and monthly tax burden.
| State | Avg. Rate | Rank |
|---|---|---|
| New Jersey | 2.23% | Highest |
| Illinois | 2.08% | #2 |
| Connecticut | 1.92% | #3 |
| New York | 1.62% | Mid-high |
| Texas | 1.60% | Mid-high |
| California | 0.73% | Low |
| Florida | 0.82% | Low-mid |
| Hawaii | 0.28% | Lowest |
Rates are statewide averages. Local rates vary significantly within states.