Ecorse, Michigan Property Taxes
The median property tax rate in Ecorse, MI is 1.30%, considerably higher than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Ecorse at $57,200, the typical annual property tax bill reaches $787, which is lower than the national median of $2,690. Property taxes in Ecorse are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ecorse'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 Ecorse 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
Ecorse, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$744
Ownwell’s Ecorse Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ecorse with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ecorse 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 Ecorse, Michigan
Property taxes in Ecorse, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ecorse is 1.30%, significantly higher than the U.S. national median of 0.99%. Local government entities within Ecorse set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ecorse 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 Ecorse's effective property tax rate to other areas in Wayne County and the national median. For comparison, the 48229 zip code in Ecorse has the highest median property tax rate of 1.30%, while the same zip code also represents the lowest median tax rate of 1.30%. Understanding how these figures compare with other regions in Wayne County provides valuable insights into the varying tax landscape across the area, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ecorse Tax Rate
1.30%
Average Wayne County Tax Rate
1.44%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ecorse, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48229 | 1.11% | 1.19% | 1.30% | 1.53% | 2.21% |
Source: Ownwell
Property Tax Assessment Values Across Ecorse, Michigan
In Ecorse, 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 Wayne 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 Ecorse, 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 Ecorse helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 48229 has the highest and lowest median tax bill of $787, highlighting the uniformity in tax assessments within the city.
Average Ecorse Assessed Value
$57,200
Average Wayne County Assessed Value
$126,800
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ecorse, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48229 | $40,280 | $48,000 | $57,200 | $69,800 | $89,800 |
Source: Ownwell
Property Tax Bills Across Ecorse, Michigan
In Ecorse, property tax bills are calculated based on the assessed value of the home, which is typically a percentage of the market value. For instance, the median home price in Ecorse is $57,200. Property tax rates in Wayne County play a significant role in determining the final tax bill. Homeowners can expect a range of tax bills, with the 25th percentile at $643, the 75th percentile at $1022, and the 90th percentile reaching up to $1389. The highest and lowest median tax bills in Ecorse are both $787, indicating a relatively uniform tax rate across different properties. This uniformity can help homeowners predict their potential tax obligations more accurately. Compared to the national median property tax rate of 0.99%, Ecorse's property taxes are competitive, providing a balanced approach to funding local services while not overly burdening homeowners. Understanding these nuances helps homeowners plan better and anticipate their financial responsibilities.
Average Ecorse Tax Bill
$787
Average Wayne County Tax Bill
$1,625
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Ecorse, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48229 | $529 | $643 | $787 | $1,022 | $1,389 |
Source: Ownwell