Flushing, Michigan Property Taxes
The median property tax rate in Flushing, MI is 1.03%, slightly higher than the national median of 0.99% but lower than the Michigan state median of 1.07%. With a median home value of $211,200 in Flushing, the typical annual property tax bill amounts to $2,104, which is below the national median of $2,690. Property taxes in Flushing are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Flushing'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 Flushing 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
Flushing, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$2,175
Ownwell’s Flushing Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Flushing with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Flushing 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 Flushing, Michigan
Property taxes in Flushing, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Flushing is 1.03%, which is higher than the U.S. national median of 0.99%. Local government entities within Flushing set these rates annually, and they can vary significantly across different neighborhoods. Each year, Flushing 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 Flushing's effective property tax rate to other areas in Shiawassee County and the national median. For comparison, the zip code 48433 has the highest median property tax rate of 1.03%, while the lowest median tax rate is also 1.03%. Understanding how these cities compare with Flushing provides valuable insights into the varying tax landscape across Shiawassee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Flushing Tax Rate
1.03%
Average Shiawassee County Tax Rate
1.23%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Flushing, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48433 | 0.80% | 0.84% | 1.03% | 1.12% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Flushing, Michigan
In Flushing, 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 Shiawassee 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 Flushing, 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 Flushing helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Flushing is $2104 in the 48433 zip code. The lowest median tax bill is also $2104, indicating uniformity in tax assessments across the area.
Average Flushing Assessed Value
$211,200
Average Shiawassee County Assessed Value
$142,800
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Flushing, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48433 | $93,560 | $120,000 | $211,200 | $268,800 | $304,080 |
Source: Ownwell
Property Tax Bills Across Flushing, Michigan
Property tax bills in Flushing, located in Shiawassee County, MI, are calculated based on the assessed value of a property, which is typically a percentage of its market value. Homeowners in this area experience a median home price of $211,200. The tax rate is applied to the assessed value to determine the annual tax bill. For instance, residents in the 25th percentile pay around $1,254, while those in the 75th percentile see bills closer to $2,940. The 90th percentile faces even higher bills, reaching up to $3,387. Several factors influence these amounts, including the property's location, size, and any applicable exemptions or deductions. Comparatively, the national median property tax rate stands at 0.99%, providing a benchmark for understanding local rates. For homeowners, these taxes fund essential public services like schools, roads, and emergency services, directly impacting community quality and property values. Understanding how these elements interplay can help homeowners better anticipate their financial obligations and plan accordingly.
Average Flushing Tax Bill
$2,104
Average Shiawassee County Tax Bill
$1,816
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Flushing, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48433 | $759 | $1,254 | $2,104 | $2,940 | $3,387 |
Source: Ownwell