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