{
  "$schema": "https://json-schema.org/draft/2020-12/schema",
  "$id": "https://askcalculators.com/calculator/property-tax-calculator/schema.json",
  "title": "Property Tax Calculator inputs",
  "description": "Estimate annual and periodic property tax from assessed value, exemptions, and either a percent rate or millage rate.",
  "type": "object",
  "properties": {
    "assessedValue": {
      "title": "Assessed property value",
      "type": "number",
      "default": 450000,
      "minimum": 0,
      "x-step": 1000,
      "multipleOf": 1000,
      "x-unit": "currency"
    },
    "exemptions": {
      "title": "Taxable-value exemptions",
      "type": "number",
      "default": 50000,
      "minimum": 0,
      "x-step": 1000,
      "multipleOf": 1000,
      "x-unit": "currency"
    },
    "rateType": {
      "title": "Tax-rate format",
      "type": "string",
      "default": "percent",
      "enum": [
        "percent",
        "mills"
      ],
      "x-optionLabels": {
        "percent": "Percent of taxable value",
        "mills": "Mills per $1,000"
      }
    },
    "taxRate": {
      "title": "Tax rate",
      "type": "number",
      "default": 1.25,
      "minimum": 0,
      "maximum": 1000,
      "x-step": 0.001
    }
  },
  "required": [
    "assessedValue",
    "exemptions",
    "rateType",
    "taxRate"
  ],
  "additionalProperties": false,
  "x-askcalculators": {
    "version": "1.0.0",
    "calculatorUrl": "https://askcalculators.com/calculator/property-tax-calculator/",
    "queryExample": "https://askcalculators.com/calculator/property-tax-calculator/?assessedValue=450000&exemptions=50000&rateType=percent&taxRate=1.25",
    "migrationStatus": "new",
    "reviewStatus": "pending",
    "pageStatus": "live",
    "workStatus": "pending",
    "formula": {
      "expression": "taxable value = max(assessed value − exemptions, 0); tax = taxable value × rate"
    },
    "quality": {
      "availability": "live",
      "technicalReviewRecord": "/reviews/property-tax-calculator.json",
      "qualifiedReview": "pending",
      "qualifiedReviewer": null,
      "qualifiedReviewDate": null,
      "formulaVersion": "1.0.0",
      "referenceCoverage": "references-pending",
      "releaseTestScope": "Catalog and regression checks are not a professional formula audit; consult release evidence.",
      "historicalMetadataDate": "2026-09-01",
      "historicalMetadataNotice": "The imported date is not evidence of a completed human review."
    },
    "outputs": {
      "annualPropertyTax": {
        "title": "Estimated annual property tax",
        "type": "number",
        "x-format": "currency",
        "x-primary": true
      },
      "monthlyEquivalent": {
        "title": "Monthly equivalent",
        "type": "number",
        "x-format": "currency"
      },
      "quarterlyEquivalent": {
        "title": "Quarterly equivalent",
        "type": "number",
        "x-format": "currency"
      },
      "taxableAssessedValue": {
        "title": "Taxable assessed value",
        "type": "number",
        "x-format": "currency"
      },
      "effectiveRate": {
        "title": "Effective rate on assessed value",
        "type": "number",
        "x-format": "percent",
        "x-digits": 6
      }
    }
  }
}