Enter the annual property tax ($) and the property value ($) into the Property Tax Rate Calculator. The calculator will evaluate the Property Tax Rate.

## Property Tax Rate Formula

The following two example problems outline the steps and information needed to calculate the Property Tax Rate.

**PTR = PT / V *100**

- Where PTR is the Property Tax Rate (%)
- PT is the annual property tax ($)
- V is the property value ($)

## How to Calculate Property Tax Rate?

The following example problems outline how to calculate Property Tax Rate.

Example Problem #1:

- First, determine the annual property tax ($).
- The annual property tax ($) is given as: 5000.

- Next, determine the property value ($).
- The property value ($) is provided as: 450,000.

- Finally, calculate the Property Tax Rate using the equation above:

PTR = PT / V *100

The values provided above are inserted into the equation below and computed.

PTR = 5,000 / 450,000 *100 = 1.11 (%)

Example Problem #2:** **

For this problem, the variables required are provided below:

annual property tax ($) = 6,000

property value ($) = 700,000

Test your knowledge using the equation and check your answer with the calculator..

PTR = PT / V *100** = ?**