California Mortgage Calculator
Calculate your monthly payment in California, with property tax included using the state's effective rate of 0.70%. See your full amortization schedule and analyze your loan structure.
Pick a state to use its property tax rate. With a keyboard, use the arrow keys and press Enter.
Estimated Monthly Payment
Estimates only. Does not include homeowners insurance, mortgage insurance (PMI), or HOA fees. Property tax uses the state's average effective rate and your actual bill may differ.
Yearly Amortization Schedule
| Year | Principal Paid | Interest Paid | Remaining Balance |
|---|---|---|---|
| 1 | $3,577 | $20,695 | $316,423 |
| 2 | $3,816 | $20,455 | $312,607 |
| 3 | $4,072 | $20,200 | $308,535 |
| 4 | $4,345 | $19,927 | $304,191 |
| 5 | $4,636 | $19,636 | $299,555 |
| 6 | $4,946 | $19,325 | $294,609 |
| 7 | $5,277 | $18,994 | $289,332 |
| 8 | $5,631 | $18,641 | $283,701 |
| 9 | $6,008 | $18,264 | $277,694 |
| 10 | $6,410 | $17,861 | $271,284 |
| 11 | $6,839 | $17,432 | $264,444 |
| 12 | $7,297 | $16,974 | $257,147 |
| 13 | $7,786 | $16,485 | $249,361 |
| 14 | $8,308 | $15,964 | $241,053 |
| 15 | $8,864 | $15,407 | $232,189 |
| 16 | $9,458 | $14,814 | $222,732 |
| 17 | $10,091 | $14,180 | $212,641 |
| 18 | $10,767 | $13,505 | $201,874 |
| 19 | $11,488 | $12,784 | $190,386 |
| 20 | $12,257 | $12,014 | $178,129 |
| 21 | $13,078 | $11,193 | $165,051 |
| 22 | $13,954 | $10,317 | $151,097 |
| 23 | $14,888 | $9,383 | $136,208 |
| 24 | $15,886 | $8,386 | $120,323 |
| 25 | $16,949 | $7,322 | $103,373 |
| 26 | $18,085 | $6,187 | $85,289 |
| 27 | $19,296 | $4,976 | $65,993 |
| 28 | $20,588 | $3,683 | $45,405 |
| 29 | $21,967 | $2,305 | $23,438 |
| 30 | $23,438 | $833 | $0 |
Property tax in California: the numbers
Property tax in California runs lower than the national picture. The effective rate of 0.70% compares with 0.92% nationally, a difference of 24%, and California shares 34th place with New Mexico when the 50 states are ranked from highest rate to lowest.
Looking at the median home in California ($734,700), the median annual property tax is $5,124. Divided by twelve, that is about $427 each month.
| Effective property tax rate | 0.70% |
|---|---|
| Median home value | $734,700 |
| Median annual property tax | $5,124 |
| Rank by rate (1 = highest of 50) | 34 (tied with New Mexico) |
| Difference vs 0.92% national average | 0.22 points below (24% below) |
What this means for your monthly payment
Two worked examples for California, using the figures above:
Example 1: the median home
$5,124 per year ÷ 12 = about $427 per month in property tax (median home value: $734,700).
Example 2: a $300,000 home
$300,000 × 0.70% ÷ 12 = about $175 per month, or $2,100 per year.
At the 0.92% national average rate, a $300,000 home would have about $2,760 in property tax per year. In California it is about $2,100, which is $660 less per year (about $55 less per month).
Compare with similar states
States ranked just above and just below California by effective property tax rate (1 = highest). States with the same rate are ordered by median annual tax.
Ranked just above (higher rate)
- Kentucky — 0.75% (rank 29)
- Indiana — 0.74% (rank 30)
- Virginia — 0.73% (rank 31)
- Montana — 0.72% (rank 32)
- Mississippi — 0.72% (rank 32)
Ranked just below (lower rate)
- New Mexico — 0.70% (rank 34)
- North Carolina — 0.66% (rank 36)
- Wyoming — 0.57% (rank 37)
- Louisiana — 0.55% (rank 38)
- Arkansas — 0.55% (rank 38)
California property tax FAQ
What is the property tax rate in California?
The effective property tax rate in California is 0.70%. That is 24% below the 0.92% national average, and the state shares 34th place with New Mexico when the 50 states are ranked from highest rate to lowest.
How much is property tax on a $300,000 home in California?
At California's effective rate of 0.70%, property tax on a $300,000 home works out to about $2,100 per year, or about $175 per month. At the 0.92% national average, the same home would be about $2,760 per year, so California is about $660 less per year.
How much is property tax on the median home in California?
The median home value in California is $734,700, and the median annual property tax is $5,124, which is about $427 per month.
Does the property tax rate vary inside California?
Yes. Property taxes are set locally, so actual bills depend on your county, city, and exemptions. The 0.70% figure is a state-level estimate based on medians, not a rate that applies to every home.
Figures are estimates based on Census data and are not tax or financial advice. Actual bills depend on your local rates, assessed value and exemptions.
Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates, as compiled by PropertyShark and PropertyTaxByState.