Property Tax Rate Comparison Calculator
Convert millage rates and assessment ratios to annual tax and compare effective rates between two tax districts.
Compare Your Options And Get Clear Answers
Convert millage rates and assessment ratios to annual tax and compare effective rates between two tax districts.
Property Tax Rate Comparison Estimator
Enter your numbers below for an instant estimate.
How It Works
Key concepts behind this calculator
Assessed Value
Market value × assessment ratio.
Tax
Assessed value × mills ÷ 1,000.
Effective Rate
Tax ÷ market value.
Use As A Guide
Results are estimates based on your inputs. Check real quotes, rates and professional advice before deciding.
Mills Conversion Guide
Tax on a $300,000 assessed property.
| Mills | Rate | Tax on $300,000 | Per Month |
|---|---|---|---|
| 10 mills | 1.0% | $3,000 | $250 |
| 20 mills | 2.0% | $6,000 | $500 |
| 30 mills | 3.0% | $9,000 | $750 |
| 40 mills | 4.0% | $12,000 | $1,000 |
| Rule of Thumb | 1 mill = 0.1% | Compare effective rates | Check exemptions |
Property Tax Rate Calculator FAQ
Answers to common questions about this calculator.
One mill is one-thousandth of a dollar, or $1 of tax for each $1,000 of assessed value.
The percentage of market value that is taxed. Some places tax only a fraction.
Different assessment ratios and millage rates make posted rates misleading.
No. Check your local assessor.