How do you calculate home taxes and insurance?

January 8, 2024

I’m trying to calculate how much I owe in property taxes and homeowner’s insurance on top of my monthly mortgage payment. How are property taxes and insurance determined?

The cost of insurance (monthly or annual premium) depends on many factors, including your location, credit score, claim history, marital status, type of house, and many more.

The amount of property tax depends on the appraised or market value of your home and your state and local property tax rate.

How do you calculate home taxes and insurance? 1

Oleksandr Rohovnin is a Content Marketer at and an expert contributor to CoverExplore. His passion is digital marketing, innovative technologies, tech industries, and – above all – distilling vast amounts of complex information into engrossing narratives anyone can relate to. At CoverExplore, Oleksandr stokes passion for auto insurance and the automotive industry in general in every story he curates.