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Calcimator

Tax Rate Calculator

Calculate the required property tax mill rate to fund a municipal budget given assessed values and other revenue.

Inputs

$
$
$

Results

Required Mill Rate

16

Avg Home Tax ($250k value)

$4,000.00

≈ 4 smartphones

Tax Per $1,000 Value$16.00
How to Use This Calculator
  1. Enter the Total Budget Needed to fund all services and the Total Assessed Property Value.
  2. Enter Non-Tax Revenue (fees, grants, state aid) to determine how much must come from taxes.
  3. Review the Required Mill Rate calculated to balance the budget.
  4. Check Tax Per $1,000 of Value and Average Home Tax for a $250,000 property.
  5. Use the rate to communicate the property tax impact to residents and prepare budget presentations.

How the result changes with Total Budget Needed ($)

Total Budget Needed ($)Required Mill RateAvg Home Tax ($250k value)
$10,000,000,000.0019,996$4,999,000.00
$35,000,000,000.0069,996$17,499,000.00
$65,000,000,000.00129,996$32,499,000.00
$90,000,000,000.00179,996$44,999,000.00

What each input means

Total Budget Needed ($)
Total revenue needed from all sources to fund the budget
Total Assessed Value ($)
Total assessed property value in the taxing jurisdiction
Non-Tax Revenue ($)
Revenue from fees, grants, intergovernmental transfers, etc.

How this is calculated

Worked example, using the default values

  1. Identify Input Parameters
    Total Budget Needed ($) = 10000000, Total Assessed Value ($) = 500000000, Non-Tax Revenue ($) = 2000000 = 3 input(s) provided
  2. Calculate Required Mill Rate
    Required Mill Rate
    16 = 16
  3. Calculate Avg Home Tax
    Avg Home Tax
    4000 = $4,000
  4. Calculate Tax Per $1,000 Value
    Tax Per $1,000 Value
    16 = $16

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

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