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Vacancy Rate
Property Insurance Rate
Single Input Expense Metrics

Property Tax Rate

The annual property tax rate as a percentage of property value.

Example Result

Sample Data
1.50%

Based on a sample $385,000 property with $2,850/month rent, 20% down, 7% interest rate.

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40-Year Projection Chart

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Property Tax Rate Formula

User Input (%)
User Input (%)
1.50%

Where to Find This Value

Here's where you can find the value for Property Tax Rate:

County Assessor Website

Your county assessor publishes the property tax rate (mill rate) online

Annual Tax Bill

Your property tax bill shows the annual amount; divide by property value for the rate

Calculations That Use Property Tax Rate

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Why It Matters

Property taxes are usually the largest single operating expense for rental properties. A difference of just 0.5% on a $400,000 property means $2,000/year in additional expense. Always verify the actual tax rate and recent assessment history — not just the listing agent's estimate — before buying.

Detailed Explanation

Property Tax Rate is the annual tax assessed by local government as a percentage of the property's assessed value. Rates vary dramatically by location — from under 0.5% in some states to over 2.5% in others. The annual tax amount equals Property Value × Property Tax Rate. Property taxes typically increase over time as assessed values rise and local tax rates change.

Example

Sample Result
1.50%

Based on a sample $385,000 property with $2,850/month rent, 20% down, 7% interest rate.

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