Property Tax Calculator

Property Tax Calculator
Assessed Value: $
Tax Rate: %
Annual Increase: %
Number of Years:
Starting Year:
Answer:
Tax
Year
Assessment
Value
Property
Tax
2015 $ 225,000 $ 2,250.00
2016 $ 229,500 $ 2,295.00
2017 $ 234,090 $ 2,340.90
2018 $ 238,772 $ 2,387.72
2019 $ 243,547 $ 2,435.47
2020 $ 248,418 $ 2,484.18
2021 $ 253,387 $ 2,533.87
2022 $ 258,454 $ 2,584.54
2023 $ 263,623 $ 2,636.23
2024 $ 268,896 $ 2,688.96
2025 $ 274,274 $ 2,742.74
2026 $ 279,759 $ 2,797.59
2027 $ 285,354 $ 2,853.54
2028 $ 291,061 $ 2,910.61
2029 $ 296,883 $ 2,968.83
2030 $ 302,820 $ 3,028.20
2031 $ 308,877 $ 3,088.77
2032 $ 315,054 $ 3,150.54
2033 $ 321,355 $ 3,213.55
2034 $ 327,783 $ 3,277.83
  Total Taxes $ 54,669.07

Calculator Use

Calculate property taxes including California property taxes.  Most annual property taxes include a computation based on a percentage of the assessed value.  States such as California increase the assessment value by up to 2% per year.  This calculator is an estimating tool does not include all taxes that may be included in your bill.

Assessed Value
The tax assessors value of your property.  This could be listed on your tax bill and in some cases this starts at the most recent purchase price.
Tax Rate
The annual tax rate used to compute your property taxes
Annual Increase
If the assessed value is automatically increased and taxed on the increased value then enter that percentage here.  For example, California increases the assessed value each year at the rate of inflation up to 2% maximum.
Number of Years
Enter the number of years you want to calculate property taxes.  A schedule will be created listing each year and a total tax amount.
Starting Year
The starting year of the years you want to calculate.  The assessed value in this year is the value you entered above.

Property Tax Calculation

For example, a property with an initially assessed value of $225,000 is taxed at 1% per year and the assessed value is automatically increased by 2% per year.

  • Year 1 :
    • Assessed Value * Tax Rate = Property Tax
    • Property Tax : 225,000 * 0.01 = $2,250.00
  • In subsequent years the assessed value increases by 2%
  • Year 2 :
    • Assessed Value = 225,000 * 1.02 = 229,500
    • Property Tax : 229,500 * 0.01 = $2,295.00
  • Year 3 :
    • Assessed Value = 229,500 * 1.02 = 234,090
    • Property Tax : 234,090 * 0.01 = $2,340.90
  • Etc ...

References

Understanding California’s Property Taxes : Last accessed 20 May 2013
http://www.lao.ca.gov/reports/2012/tax/property-tax-primer-112912.aspx

 

Cite this content, page or calculator as:

Furey, Edward "Property Tax Calculator" From http://www.CalculatorSoup.com - Online Calculator Resource.