Single-Family Home Property Tax Calculator
Calculate annual property tax liability and monthly escrow requirements for single-family homes across US states and EU countries.
Annual Tax Bill
$0
Monthly Escrow
$0
Add to mortgage paymentOver 5 Years
$0
Total accumulationAbout
For most single-family homeowners, property tax is the largest carrying cost after the mortgage interest. This calculator determines the annual tax liability based on state-level effective tax rates and estimates the monthly amount required for a mortgage escrow account.
Lenders typically require an escrow buffer (often 2 months of payments). This tool helps forecast the actual cash flow impact of purchasing a home in high-tax jurisdictions like New Jersey versus low-tax areas like Hawaii.
property tax
mortgage escrow
homeowner tax
real estate
housing expenses
Formulas
The calculator uses the effective tax rate formula:
Tannual = Vhome × reff100
Escrow calculation:
Pmonthly = Tannual12
Reference Data
| State / Country | Avg. Effective Rate | Annual Tax on $400k |
|---|---|---|
| New Jersey, USA | 2.49% | $9,960 |
| Illinois, USA | 2.27% | $9,080 |
| New Hampshire, USA | 2.18% | $8,720 |
| Texas, USA | 1.80% | $7,200 |
| Florida, USA | 0.89% | $3,560 |
| California, USA | 0.76% | $3,040 |
| Hawaii, USA | 0.28% | $1,120 |
| United Kingdom | Band D Avg | ~£1,966 |
| Germany | 0.25% - 1.0% | Varies by Hebesatz |
Frequently Asked Questions
It is the total tax paid divided by the home's market value. Since assessed values often differ from market values, the "effective" rate is the best way to compare tax burdens across different states.
They are benchmarks. Within a state like Texas, rates can vary from 1.5% to 3.0% depending on the specific school district and county levies. Always check the specific county tax assessor's website for exact millage.
If your property taxes increase, your lender will increase your monthly payment to cover the new bill and replenish any shortage in the escrow account buffer.
In the US, the SALT (State and Local Tax) deduction allows you to deduct property taxes, but it is currently capped at $10,000 per year (combined with income tax) for federal returns.