Estimate your property tax using mill rate and assessed value. Includes homestead exemption, monthly escrow, effective rate, and a 10-year tax growth projection.
Mill rate is the tax per $1,000 of taxable assessed value. A 20-mill rate on a $300,000 taxable value = $6,000/year. Assessment ratios vary by state — some assess at 100% of market value, others at 50–80%. The homestead exemption reduces the taxable base for primary residences. Check your county assessor for exact figures.