Estimate Property Taxes on a 39k Home

Calculate property taxes on a 39,000 home purchase.
About Property Taxes
Property taxes are assessed by local municipalities to pay for things such as local public schools, parks, and other municipal expenses. It can be confusing to estimate your new property taxes when buying a home.

When you buy a home, the property taxes are typically assessed based on the purchase price. You could end up paying significantly higher property taxes than the previous owner, especially if the previous owner has lived in the home for years and the taxable value is less than the purchase price.

For example, let's say that the previous owner has owned the house for 20 years and the taxable value is $15,600. However, the house is worth much more, and you pay $39,000. In this scenario, your new taxable value could be $39,000, and if the tax rate is 2%, the new tax bill could be $780/year even though the previous owner paid just $312.
Previous Owner New Owner
Taxable Value $15,600 $39,000
Tax Rate 2% 2%
Property Taxes $312 $780
Estimate Property Taxes on a 39,000 Home Purchase
Use this calculator to determine the new tax bill on a home purchase. The results will update as you type. Your local government should have data about the tax rates and millage rates. You'll need to find out how the taxable value is calculated. Many times, the accessed and taxable values are 50% of the actual purchase price of the home.
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Property Taxes
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Property Taxes
Taxes Using 100% Value
Value Tax Rate Property Taxes
39,000 0.1% $39
39,000 0.2% $78
39,000 0.3% $117
39,000 0.4% $156
39,000 0.5% $195
39,000 0.6% $234
39,000 0.7% $273
39,000 0.8% $312
39,000 0.9% $351
39,000 1% $390
39,000 1.1% $429
39,000 1.2% $468
39,000 1.3% $507
39,000 1.4% $546
39,000 1.5% $585
39,000 1.6% $624
39,000 1.7% $663
39,000 1.8% $702
39,000 1.9% $741
39,000 2% $780
39,000 2.1% $819
39,000 2.2% $858
39,000 2.3% $897
39,000 2.4% $936
39,000 2.5% $975
39,000 2.6% $1,014
39,000 2.7% $1,053
39,000 2.8% $1,092
39,000 2.9% $1,131
39,000 3% $1,170
Taxes Using 50% Value and Mills
Taxable Value Millage Rate (per $1,000) Property Taxes
19,500 $2 per $1,000 $39
19,500 $4 per $1,000 $78
19,500 $6 per $1,000 $117
19,500 $8 per $1,000 $156
19,500 $10 per $1,000 $195
19,500 $12 per $1,000 $234
19,500 $14 per $1,000 $273
19,500 $16 per $1,000 $312
19,500 $18 per $1,000 $351
19,500 $20 per $1,000 $390
19,500 $22 per $1,000 $429
19,500 $24 per $1,000 $468
19,500 $26 per $1,000 $507
19,500 $28 per $1,000 $546
19,500 $30 per $1,000 $585
19,500 $32 per $1,000 $624
19,500 $34 per $1,000 $663
19,500 $36 per $1,000 $702
19,500 $38 per $1,000 $741
19,500 $40 per $1,000 $780
19,500 $42 per $1,000 $819
19,500 $44 per $1,000 $858
19,500 $46 per $1,000 $897
19,500 $48 per $1,000 $936
19,500 $50 per $1,000 $975
19,500 $52 per $1,000 $1,014
19,500 $54 per $1,000 $1,053
19,500 $56 per $1,000 $1,092
19,500 $58 per $1,000 $1,131
19,500 $60 per $1,000 $1,170
Understanding the Tax Bill
Many times, a property is accessed at 50% of the value of a property. The taxable value often has a cap on the amount that it can increase but this depends on the municipality. This is why long time home owners often have taxable values much less than assessed values.

The millage rate is a number used by local governments to assess taxes. It is expressed as a dollar amount for every $1,000 in taxable value. For example, 40 mills would equal $40 in property taxes for every $1,000 of taxable value. So for a home with a taxable value of $19,500, a rate of 40 mills would have property taxes of $780.
Assessed Value Value that the assessor gives to the property. This is usually less than the actual value of the home.
Taxable Value The value that is used to calculate property taxes.
Mills or Millage Rate Expressed as dollars per $1,000 of taxable value.
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