California Homeowners Tax
Estimate annual property-tax and mortgage-interest burden on a home in California.
About California Homeowners Tax
Combines estimated California property tax (reference effective rate ~0.72%) with first-year mortgage interest to show the homeownership tax burden. Interest may be deductible on itemized returns.
Formula
Burden
Property tax + mortgage interest
Worked example
With the default values below, California Homeowners Tax returns Annual Tax Burden of $24,864.00. Change any input above and every figure here is recalculated in your browser.
Inputs used
- Home valueminimum 0
- 420,000
- Mortgage balanceminimum 0
- 336,000
- Interest rateaccepts 0–30
- 6.5
Results
- Annual Tax Burden
- $24,864.00
- Property Tax
- $3,024.00
- Mortgage Interest
- $21,840.00
- Monthly Equivalent
- $2,072.00
Step by step
- 1Values used
- 2Burden
- 3Annual Tax Burden= 24,864.00
- 4Property Tax= 3,024.00
- 5Mortgage Interest= 21,840.00
- 6Monthly Equivalent= 2,072.00
Assumptions and limits
- The result is derived only from the 3 inputs listed above. Anything not among them is not part of the calculation.
- In particular, this calculator does not take inflation, tax, fees or charges or compounding frequency into account.
- Figures are rounded for display to 2 decimal places, so totals built from several rounded parts can differ slightly from the unrounded arithmetic.
- Approximate estimate.
- This is an estimate for general information and not professional financial, tax or legal advice. See the full disclaimer for the limits that apply to this kind of calculator.
How these calculators are built and tested is described on the Methodology page. If a figure looks wrong, please report it.
Approximate estimate.
Frequently Asked Questions
How is property value assessed?
Assessors value at or below market; many states cap year-over-year increases.
How accurate is this estimate?
Rates are approximate reference values. Local rates, exemptions and rules can differ, so treat the output as a planning figure only.