See your real monthly escrow — taxes & insurance
See exactly how much property tax and homeowners insurance add to your mortgage payment each month — with real state-by-state averages. The average buyer underestimates this by $300/month.
Averages based on statewide effective rates. Estimates only based on national averages. Always confirm with a licensed lender.
Monthly breakdown
Why lenders collect this
Most mortgage lenders bundle taxes and insurance into your payment through an “escrow account” and pay the bills for you when they come due.
Budget for the costs buyers forget
Property tax and homeowners insurance can significantly change your real monthly payment. Estimate both before you buy.
See your full monthly payment
After estimating taxes and insurance, plug the numbers into your mortgage payment to get a more realistic budget.
Escrow is where budgets go to die
New buyers see the mortgage quote and forget about property tax and insurance. Then the lender’s escrow analysis adds $250–$500/month on top, and the payment they planned for is suddenly out of reach.
Use this estimator before you commit to a price. If you’re in a high-tax state or hurricane-prone area, your escrow can be a third of your total payment.
Three ways to push back
- Appeal your assessment. If comparable homes sold for less than your assessed value, file a protest. 40% of appeals win.
- Claim every exemption. Homestead, senior, veteran, disability — apply for all you qualify for.
- Shop insurance every renewal. Loyalty rarely pays; bundled quotes from 3 carriers can save 20%.
Property tax & insurance rates by state
Effective annual rates and estimated monthly escrow on a $350,000 home. Click a column to sort.
| New Jersey | 2.23% | 0.35% | 2.58% | $753 |
| Connecticut | 2.15% | 0.45% | 2.60% | $758 |
| Illinois | 2.08% | 0.55% | 2.63% | $767 |
| New Hampshire | 1.93% | 0.35% | 2.28% | $665 |
| Vermont | 1.83% | 0.30% | 2.13% | $621 |
| Texas | 1.68% | 0.95% | 2.63% | $767 |
| Nebraska | 1.63% | 1.30% | 2.93% | $855 |
| Wisconsin | 1.61% | 0.35% | 1.96% | $572 |
| Michigan | 1.54% | 0.55% | 2.09% | $610 |
| Ohio | 1.53% | 0.45% | 1.98% | $578 |
| Iowa | 1.52% | 0.70% | 2.22% | $648 |
| Pennsylvania | 1.49% | 0.40% | 1.89% | $551 |
| New York | 1.40% | 0.40% | 1.80% | $525 |
| Rhode Island | 1.40% | 0.45% | 1.85% | $540 |
| Kansas | 1.34% | 1.20% | 2.54% | $741 |
| Maine | 1.24% | 0.35% | 1.59% | $464 |
| Alaska | 1.19% | 0.35% | 1.54% | $449 |
| South Dakota | 1.17% | 1.05% | 2.22% | $648 |
| Massachusetts | 1.14% | 0.40% | 1.54% | $449 |
| Minnesota | 1.11% | 0.65% | 1.76% | $513 |
| Maryland | 1.05% | 0.40% | 1.45% | $423 |
| Missouri | 0.97% | 0.85% | 1.82% | $531 |
| North Dakota | 0.94% | 0.90% | 1.84% | $537 |
| Washington | 0.94% | 0.35% | 1.29% | $376 |
| Georgia | 0.90% | 0.65% | 1.55% | $452 |
| Oklahoma | 0.89% | 1.45% | 2.34% | $683 |
| Oregon | 0.87% | 0.25% | 1.12% | $327 |
| Florida | 0.86% | 1.30% | 2.16% | $630 |
| Indiana | 0.84% | 0.55% | 1.39% | $405 |
| Montana | 0.84% | 0.70% | 1.54% | $449 |
| Kentucky | 0.83% | 0.70% | 1.53% | $446 |
| Virginia | 0.82% | 0.40% | 1.22% | $356 |
| Mississippi | 0.79% | 0.90% | 1.69% | $493 |
| California | 0.75% | 0.45% | 1.20% | $350 |
| New Mexico | 0.73% | 0.55% | 1.28% | $373 |
| North Carolina | 0.70% | 0.55% | 1.25% | $365 |
| Idaho | 0.67% | 0.35% | 1.02% | $298 |
| Tennessee | 0.67% | 0.70% | 1.37% | $400 |
| Arkansas | 0.64% | 0.85% | 1.49% | $435 |
| Arizona | 0.63% | 0.55% | 1.18% | $344 |
| Delaware | 0.58% | 0.40% | 0.98% | $286 |
| District of Columbia | 0.57% | 0.45% | 1.02% | $298 |
| Utah | 0.57% | 0.30% | 0.87% | $254 |
| South Carolina | 0.56% | 0.65% | 1.21% | $353 |
| Louisiana | 0.55% | 1.40% | 1.95% | $569 |
| Nevada | 0.55% | 0.35% | 0.90% | $263 |
| West Virginia | 0.55% | 0.45% | 1.00% | $292 |
| Wyoming | 0.55% | 0.50% | 1.05% | $306 |
| Colorado | 0.51% | 0.70% | 1.21% | $353 |
| Alabama | 0.41% | 0.65% | 1.06% | $309 |
| Hawaii | 0.28% | 0.30% | 0.58% | $169 |
Related tools
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Property tax & insurance by state
Tap a state for local averages and tailored estimates.