Prt Calculator
Calculate the PRT (Property Rental Tax) based on property value, annual rent, and applicable tax rate.
Published by:
isCalculator Editorial Team
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How to Use the PRT Calculator
This calculator computes the Property Rental Tax (PRT) based on your annual rental income and a given tax rate. Follow these steps:
- Enter Property Value ($): Input the total market value of the property (e.g., 300000). Must be greater than zero.
- Enter Annual Rent ($): Input the total rent collected per year (e.g., 24000). Must be greater than zero.
- Enter Tax Rate (%): Input the applicable tax percentage (e.g., 10). Must be between 0 and 100.
- Click "Calculate PRT": The result shows the tax amount owed, calculated as: PRT = Annual Rent × (Tax Rate / 100).
Note: All values must be positive numbers. The property value is required but not used in the PRT formula—it is included for context. The result is displayed in US dollars ($).
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Frequently Asked Questions
PRT stands for Property Rental Tax, a tax levied on rental income from real estate properties.
PRT is calculated by multiplying the annual rent by the applicable tax rate (as a percentage). For example, if annual rent is $24,000 and tax rate is 10%, PRT = $24,000 × 0.10 = $2,400.
You need the property value (for reference), the annual rent amount, and the tax rate percentage. The calculator uses the annual rent and tax rate to compute the tax.