Real Estate Tax Calculator

Property taxes are based on assessed value, which may differ from market value

Transfer taxes are typically one-time costs when buying or selling property

Recording fees cover the cost of filing documents with your local government

Special assessments are charges for local improvements like roads or sewers

Effective tax rate shows your total tax burden as a percentage of property value

Property tax rates vary significantly by state, county, and municipality

Some states offer homestead exemptions that can reduce your property taxes

Appeal your property assessment if you believe it's too high

Budget for annual increases in property taxes when planning finances

Consider escrow accounts to spread tax payments throughout the year