Grosse Ile, Michigan Property Taxes
The median property tax rate in Grosse Ile, MI is 0.76%, which is notably lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $323,100, the typical annual property tax bill in Grosse Ile reaches $2,475, falling below the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Grosse Ile'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 Grosse Ile 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
Grosse Ile, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$2,456
Ownwell’s Grosse Ile Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grosse Ile with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grosse Ile 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 Grosse Ile, Michigan
Property taxes in Grosse Ile, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grosse Ile is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Grosse Ile set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grosse Ile 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 Grosse Ile's effective property tax rate to other areas in Michigan and the national median. For comparison, the zip code 48138 has the highest median property tax rate of 0.76%, while the same zip code also has the lowest median tax rate of 0.76%. Understanding how these cities compare with Grosse Ile provides valuable insights into the varying tax landscape across Wayne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grosse Ile Tax Rate
0.76%
Average Wayne County Tax Rate
1.44%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grosse Ile, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48138 | 0.64% | 0.70% | 0.76% | 0.84% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Grosse Ile, Michigan
In Grosse Ile, 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 Grosse Ile, 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 Grosse Ile helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Grosse Ile are both $2,475, specifically in the 48138 zip code.
Average Grosse Ile Assessed Value
$323,100
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 Grosse Ile, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48138 | $146,120 | $231,000 | $323,100 | $467,750 | $629,400 |
Source: Ownwell
Property Tax Bills Across Grosse Ile, Michigan
In Grosse Ile, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is typically a percentage of the property's market value, and this percentage can vary. For instance, in Wayne County, where Grosse Ile is located, the tax rate is applied to the assessed value to determine the annual tax bill. Several factors influence the final tax bill, including property size, location, and any improvements made. For a median home price of $323,100, homeowners in Grosse Ile can expect a tax bill ranging significantly. The 25th percentile tax bill is around $1,742, while the 75th percentile reaches approximately $3,619. Those in the 90th percentile might see bills as high as $5,038. These property taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, making it essential for residents to understand how their tax bills are calculated and allocated.
Average Grosse Ile Tax Bill
$2,475
Average Wayne County Tax Bill
$1,625
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Grosse Ile, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48138 | $1,191 | $1,742 | $2,475 | $3,619 | $5,038 |
Source: Ownwell