What is the average property tax rate in the US?

National average is approximately 1.1% of assessed value annually. New Jersey: 2.23%. Illinois: 1.97%. Alabama: 0.41%. Hawaii: 0.27%. Rates vary significantly by county within each state.

How is property tax assessed?

Assessed value (often 80-100% of market value) x mill rate. If your home is assessed at $300,000 in a 1.2% rate jurisdiction: $3,600/year or $300/month in escrow.

Can I appeal my property tax assessment?

Yes — typically within 30-90 days of the assessment notice. Grounds include incorrect property data, comparable sales evidence, or unequal assessment vs similar properties. Success rates are approximately 30-40%.

Monthly Property Tax Calculator

Convert annual property tax to monthly escrow amount and calculate effective tax rate. Compare your property tax rate to national averages by state.

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Frequently Asked Questions

What is the average property tax rate in the US?

How is property tax assessed?

Can I appeal my property tax assessment?