Flint, Michigan Property Taxes
The median property tax rate in Flint, MI is 2.10%, considerably higher than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Flint at $36,800, the typical annual property tax bill reaches $837, which is below the national median of $2,690. Property taxes in Flint 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 Flint'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 Flint 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
Flint, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.1%
Estimate Property Tax Bill
$773
Ownwell’s Flint Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Flint with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Flint 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 Flint, Michigan
Property taxes in Flint, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Flint is 2.10%, significantly higher than the U.S. national median of 0.99%. Local government entities within Flint set these rates annually, and they can vary significantly across different neighborhoods. Each year, Flint 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 Flint's effective property tax rate to other areas in Genesee County and the national median. For comparison, the 48503 zip code has the highest median property tax rate of 2.40%, while the 48532 zip code has the lowest median tax rate of 0.97%. Understanding how these areas compare with Flint provides valuable insights into the varying tax landscape across Genesee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Flint Tax Rate
2.10%
Average Genesee County Tax Rate
0.93%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Flint, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48502 | N/A | N/A | N/A | N/A | N/A |
| 48503 | 1.36% | 1.79% | 2.40% | 3.08% | 3.72% |
| 48504 | N/A | N/A | N/A | N/A | N/A |
| 48505 | N/A | N/A | N/A | N/A | N/A |
| 48506 | 0.31% | 0.36% | 1.86% | 2.87% | 3.67% |
| 48507 | 0.70% | 0.98% | 1.69% | 2.54% | 3.29% |
| 48532 | 0.63% | 0.73% | 0.97% | 1.47% | 2.46% |
Source: Ownwell
Property Tax Assessment Values Across Flint, Michigan
In Flint, 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 Genesee 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 Flint, 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 Flint helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Flint, the zip code 48532 has the highest median tax bill at $1,120, while the zip code 48506 has the lowest median tax bill at $667.
Average Flint Assessed Value
$36,800
Average Genesee County Assessed Value
$139,200
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Flint, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48502 | N/A | N/A | N/A | N/A | N/A |
| 48503 | $18,080 | $26,600 | $42,400 | $72,800 | $120,120 |
| 48504 | N/A | N/A | N/A | N/A | N/A |
| 48505 | N/A | N/A | N/A | N/A | N/A |
| 48506 | $11,600 | $22,600 | $43,600 | $119,800 | $166,000 |
| 48507 | $23,800 | $35,600 | $64,000 | $131,800 | $175,200 |
| 48532 | $34,480 | $65,000 | $123,400 | $181,400 | $252,600 |
Source: Ownwell
Property Tax Bills Across Flint, Michigan
In Flint, Genesee County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is typically a percentage of the home's market value. For example, a home with a median market price of $36,800 in Flint would have its assessed value calculated as a fraction of this amount. The tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors influence the property tax bill, including the property's location, size, and any applicable exemptions. In Flint, property tax bills can vary significantly. Homeowners in the 25th percentile pay around $588 annually, while those in the 75th percentile face bills of approximately $1,162. The highest median tax bill in the area reaches $1,120 in the 48532 zip code, contrasting with the lowest median tax bill of $667 in the 48506 zip code. These variations can significantly impact homeowners, influencing their overall housing costs and financial planning.
Average Flint Tax Bill
$837
Average Genesee County Tax Bill
$1,090
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Flint, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48502 | N/A | N/A | N/A | N/A | N/A |
| 48503 | $594 | $796 | $1,083 | $1,497 | $2,193 |
| 48504 | N/A | N/A | N/A | N/A | N/A |
| 48505 | N/A | N/A | N/A | N/A | N/A |
| 48506 | $346 | $475 | $667 | $886 | $1,107 |
| 48507 | $668 | $838 | $1,065 | $1,430 | $1,909 |
| 48532 | $594 | $828 | $1,120 | $1,654 | $2,333 |
Source: Ownwell