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Calcimator

Property Tax Revenue Calculator

Calculate municipal property tax revenue from assessed values, mill rates, and collection rates.

Inputs

Results

Gross Tax Levy

$12,500,000.00

≈ 30 average U.S. homes

Net Tax Revenue

$12,000,000.00

≈ 29 average U.S. homes

Per Capita (est. 50k pop)$240.00
How to Use This Calculator
  1. Enter Total Assessed Property Value in millions and the Mill Rate (1 mill = $1 per $1,000 of value).
  2. Enter the Collection Rate percentage (typical range: 94–98%).
  3. Review Gross Tax Levy and Net Tax Revenue after accounting for uncollected amounts.
  4. Check Per Capita revenue estimate to compare with peer jurisdictions.
  5. Use the analysis to set mill rates that achieve the desired revenue target for the budget.

How the result changes with Total Assessed Value ($M)

Total Assessed Value ($M)Gross Tax LevyNet Tax Revenue
100,000$2,500,000,000.00$2,400,000,000.00
350,000$8,750,000,000.00$8,400,000,000.00
650,000$16,250,000,000.00$15,600,000,000.00
900,000$22,500,000,000.00$21,600,000,000.00

What each input means

Total Assessed Value ($M)
Total assessed property value in millions of dollars
Mill Rate
Tax rate in mills (1 mill = $1 per $1,000 of assessed value)
Collection Rate (%)
Percentage of levied taxes actually collected. Typical: 94-98%.

How this is calculated

Worked example, using the default values

  1. Identify Input Parameters
    Total Assessed Value ($M) = 500, Mill Rate = 25, Collection Rate (%) = 96 = 3 input(s) provided
  2. Calculate Gross Tax Levy
    Gross Tax Levy
    12500000 = $12,500,000
  3. Calculate Net Tax Revenue
    Net Tax Revenue
    12000000 = $12,000,000
  4. Calculate Per Capita
    Per Capita
    240 = $240

Engine last updated . Checked against 3 independently-derived tests — how we verify calculators.

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