Clayton, Michigan Property Taxes
The median property tax rate in Clayton, MI is 1.03%, slightly higher than the national median of 0.99% but lower than Michigan's state median of 1.07%. With a median home value of $156,200 in Clayton, the typical annual property tax bill comes to $1,544, which is below the national median of $2,690. Property taxes in Clayton are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Clayton'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 Clayton 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
Clayton, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$1,609
Ownwell’s Clayton Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Clayton with ease. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Clayton to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities, offering peace of mind and financial clarity. For those interested in more detailed trends on a neighborhood level, additional localized information is available below. Remember, your property's assessed value is the figure assigned by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Clayton, Michigan
Property taxes in Clayton, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clayton is 1.03%, higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Clayton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clayton 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 Clayton's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49235 zip code has the highest median property tax rate of 1.03%, while the same zip code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with Clayton provides valuable insights into the varying tax landscape across Lenawee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clayton Tax Rate
1.03%
Average Lenawee County Tax Rate
1.14%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clayton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49235 | 0.55% | 0.81% | 1.03% | 1.24% | 1.73% |
Source: Ownwell
Property Tax Assessment Values Across Clayton, Michigan
In Clayton, 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 Lenawee 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 Clayton, 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. Clayton's median home price is $156,200, with the 25th percentile tax bill at $986 and the 75th percentile tax bill at $2,376. The highest and lowest median tax bill in Clayton is $1,544 in zip code 49235. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Clayton Assessed Value
$156,200
Average Lenawee County Assessed Value
$168,800
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clayton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49235 | $38,920 | $93,600 | $156,200 | $237,800 | $409,720 |
Source: Ownwell
Property Tax Bills Across Clayton, Michigan
In Clayton, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property, and this figure is then multiplied by the local tax rate. For homeowners in Clayton, the median home price is $156,200. Property tax bills can vary significantly, with the 25th percentile paying around $986 and the 75th percentile facing bills of about $2,376. The top 10% of property tax bills can reach as high as $3,413. These tax bills are influenced by factors such as property size, location, and any improvements made to the home. The property tax rate in Clayton is higher than the national median of 0.99%, which can place a financial burden on homeowners but also contributes to local services and infrastructure. Understanding how these factors affect your property tax bill can help homeowners plan and manage their finances more effectively.
Average Clayton Tax Bill
$1,544
Average Lenawee County Tax Bill
$2,184
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Clayton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49235 | $503 | $986 | $1,544 | $2,376 | $3,413 |
Source: Ownwell