The Property Tax Calculator helps property owners estimate the annual tax they owe based on the property’s assessed value and the local tax rate. Users simply enter the total assessed property value and the percentage tax rate to get the tax amount instantly. It applies the formula Property Tax=(Property Value×Tax Rate)/100\text{Property Tax} = (\text{Property Value} \times \text{Tax Rate}) / 100Property Tax=(Property Value×Tax Rate)/100, clearly showing the substituted values for accuracy. This tool is ideal for homeowners, real estate investors, and financial planners to calculate yearly property expenses and budget accordingly.