Use the free Ad Valorem Tax Calculator on ToolVexa to estimate a property tax amount from an assessed value and an ad valorem tax rate.
How to Use
Enter the assessed property value and the ad valorem tax rate as a percentage, then press Calculate.
Formula in Plain Words
Multiply the assessed value by the tax rate and divide by 100. The rate is a percentage, so 1.2% means $1.20 of tax for every $100 of assessed value.
Worked Example
With an assessed value of $250,000 and a rate of 1.2%, the tax is $250,000 x 1.2 / 100 = $3,000.
FAQs
What does ad valorem mean?
Ad valorem means according to value: the tax amount is based on the value of the property.
Is the assessed value the same as the market value?
Not always. The assessed value used for tax may be set by a local authority and can differ from a sale price.
Does this include other charges?
No. It estimates only the ad valorem tax from the rate you enter, not other fees or special assessments.