Tax Rate Calculator

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

Total Budget Needed ($)

Total Assessed Value ($)

Non-Tax Revenue ($)

Tab to move between fields

Required Mill Rate

Avg Home Tax ($250k value)

$4,000

Tax Per $1,000 Value$16

How to Use This Calculator

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

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