Utica, Michigan Property Taxes
The median property tax rate in Utica, Michigan is 1.23%, noticeably higher than both the national median of 0.99% and Michigan's state median of 1.07%. With a median home value of $244,100, the typical annual property tax bill in Utica reaches $3,374, surpassing the national median of $2,690. Property taxes in Utica are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Utica'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 Utica 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
Utica, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$3,002
Ownwell’s Utica Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Utica with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Utica 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 Utica, Michigan
Property taxes in Utica, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Utica is 1.23%, higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Utica set these rates annually, and they can vary significantly across different neighborhoods. Each year, Utica 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 Utica's effective property tax rate to other areas in Michigan and the national median. For comparison, the 48317 zip code has the highest median property tax rate of 1.33%, while the 48316 zip code has the lowest median tax rate of 0.89%. Understanding how these areas compare with Utica provides valuable insights into the varying tax landscape across Macomb County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Utica Tax Rate
1.23%
Average Macomb County Tax Rate
1.19%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Utica, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48315 | 0.79% | 0.91% | 1.04% | 1.36% | 1.73% |
| 48316 | 0.76% | 0.84% | 0.89% | 0.91% | 1.32% |
| 48317 | 0.82% | 1.18% | 1.33% | 1.75% | 1.91% |
Source: Ownwell
Property Tax Assessment Values Across Utica, Michigan
In Utica, 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 Macomb 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 Utica, 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 Utica helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $4,900 in the 48316 zip code, while the lowest is $3,099 in the 48317 zip code.
Average Utica Assessed Value
$244,100
Average Macomb County Assessed Value
$209,990
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Utica, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48315 | $183,560 | $212,800 | $231,000 | $466,300 | $643,040 |
| 48316 | $368,480 | $478,000 | $550,400 | $609,200 | $666,280 |
| 48317 | $94,840 | $175,850 | $221,100 | $298,950 | $423,440 |
Source: Ownwell
Property Tax Bills Across Utica, Michigan
In Utica, MI, property tax bills are calculated based on the assessed value of the home, which is determined by the local assessor. The assessed value typically represents 50% of the property's market value. For instance, with a median home price of $244,100, the assessed value would be around $122,050. The tax rate is then applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including local tax rates, any applicable exemptions, and special assessments. In Macomb County, where Utica is located, the median property tax bill ranges significantly. For example, the 25th percentile tax bill is $2,645, while the 75th percentile tax bill is $4,445, and the 90th percentile tax bill can reach up to $5,579. For homeowners, these property taxes fund essential services such as schools, public safety, and infrastructure. Understanding how these factors come together can help homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Utica Tax Bill
$3,374
Average Macomb County Tax Bill
$2,603
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Utica, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48315 | $2,204 | $2,691 | $3,433 | $4,402 | $5,798 |
| 48316 | $3,133 | $4,254 | $4,900 | $5,499 | $6,413 |
| 48317 | $1,757 | $2,500 | $3,099 | $3,877 | $4,810 |
Source: Ownwell