Dexter, Michigan Property Taxes
The median property tax rate in Dexter, MI is 0.47%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $382,200 in Dexter, the typical annual property tax bill amounts to $2,043, which is below the national median of $2,690. Property taxes in Dexter are based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Navigating Dexter's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Dexter 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
Dexter, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$1,796
Ownwell’s Dexter Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dexter with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dexter 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 Dexter, Michigan
Property taxes in Dexter, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dexter is 0.47%, which is lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Dexter set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dexter 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 Dexter's effective property tax rate to other areas in Michigan and the national median. For comparison, the zip code 48130 has both the highest and lowest median property tax rate of 0.47%. Understanding how these cities compare with Dexter provides valuable insights into the varying tax landscape across Washtenaw County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dexter Tax Rate
0.47%
Average Washtenaw County Tax Rate
1.22%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dexter, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48130 | 0.34% | 0.39% | 0.47% | 0.77% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Dexter, Michigan
In Dexter, 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 Washtenaw 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 Dexter, 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 Dexter helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Dexter are both $2,043 in the 48130 zip code.
Average Dexter Assessed Value
$382,200
Average Washtenaw County Assessed Value
$319,000
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dexter, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48130 | $206,760 | $293,800 | $382,200 | $500,200 | $632,320 |
Source: Ownwell
Property Tax Bills Across Dexter, Michigan
Property tax bills in Dexter, Washtenaw County, MI, are calculated based on the assessed value of a property, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. In Dexter, the median home price is $382,200. Homeowners can expect their property tax bills to vary, with the 25th percentile at $1,358 and the 75th percentile reaching $3,156. For those in the 90th percentile, tax bills can be as high as $4,508. Several factors influence the tax bill, including the property's location within the city, any applicable exemptions, and changes in local tax rates. Comparatively, Dexter's median tax bill of $2,043 is above the national median property tax rate of 0.99%, reflecting the area's higher property values and tax rates. These taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners.
Average Dexter Tax Bill
$2,043
Average Washtenaw County Tax Bill
$4,022
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Dexter, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48130 | $930 | $1,358 | $2,043 | $3,156 | $4,508 |
Source: Ownwell