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:

1. First, determine the annual property tax ($). • The annual property tax ($) is given as: 5000.
2. Next, determine the property value ($). • The property value ($) is provided as: 450,000.
3. 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