Property Tax Calculator

Percentage of value that is assessed. Leave at 100 if the figure above is already the assessed value.
Homestead or other exemption subtracted before the main rate.
For a second levy — a school district, say — that recognises a different exemption.
In the same units as the rate above. Leave at zero if there is only one levy.
Annual property tax
5,000.00
Property Tax Calculator
Monthly amount to set aside
416.67
Taxable value
250,000.00
First levy
5,000.00
Second levy
0.00
Effective rate on the full value
1.6667 %
Saved by the exemptions
1,000.00
Worked out from New York State Department of Taxation and Finance, How property taxes are calculated and 1 other source.
Rates and exemptions are set locally and change each year. Take both from the current assessor’s notice rather than last year’s bill.
An estimate from the figures entered. Rates, exemptions and assessment practice are local and change yearly; check the assessor’s notice for your own.

How this is worked out

4 steps
  1. Assessed value = 300000
  2. Taxable value = 300000 − 50000 = 250000
  3. First levy = 250000 ÷ 1,000 × 20 mills = 5000
  4. Annual tax = 5000, or 416.67 a month

Results are general information, not financial, tax, legal, medical or engineering advice.