Clinton, Michigan Property Taxes
The median property tax rate in Clinton, MI is 1.07%, aligning with the Michigan state median but still higher than the national median of 0.99%. With a median home value of $201,200 in Clinton, the typical annual property tax bill amounts to $2,175, which is below the national median of $2,690. Property taxes in Clinton are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Clinton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Clinton or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clinton, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$2,153
Ownwell’s Clinton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clinton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clinton to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Clinton, Michigan
Property taxes in Clinton, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clinton is 1.07%, which is higher than the U.S. national median of 0.99%. Local government entities within Clinton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clinton estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Clinton's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49236 zip code has both the highest and lowest median property tax rate of 1.07%. Understanding how these areas compare with Clinton provides valuable insights into the varying tax landscape across Lenawee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clinton Tax Rate
1.07%
Average Lenawee County Tax Rate
1.14%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clinton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49236 | 0.78% | 0.92% | 1.07% | 1.19% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Clinton, Michigan
In Clinton, Michigan, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Lenawee County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Clinton, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Clinton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 49236, both standing at $2,175.
Average Clinton Assessed Value
$201,200
Average Lenawee County Assessed Value
$168,800
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clinton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49236 | $124,840 | $156,000 | $201,200 | $275,600 | $368,880 |
Source: Ownwell
Property Tax Bills Across Clinton, Michigan
In Clinton, MI, property tax bills are calculated based on the assessed value of a home, which is typically 50% of its market value. For a median home price of $201,200, the assessed value would be around $100,600. The property tax rate in Clinton is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including local tax rates, any applicable exemptions, and the specific characteristics of the property. For instance, homeowners in Clinton can expect tax bills ranging from $1,709 at the 25th percentile to $2,837 at the 75th percentile, with the 90th percentile reaching up to $3,600. Compared to the national median property tax rate of 0.99%, Clinton's tax rates reflect the local economic and governmental needs. These property taxes significantly impact homeowners, contributing to local services such as schools, infrastructure, and emergency services. Understanding how these taxes are calculated helps homeowners budget effectively and take advantage of any potential exemptions to reduce their financial burden.
Average Clinton Tax Bill
$2,175
Average Lenawee County Tax Bill
$2,184
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Clinton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49236 | $1,358 | $1,709 | $2,175 | $2,837 | $3,600 |
Source: Ownwell