Roseville, Michigan Property Taxes
The median property tax rate in Roseville, MI is 0.98%, slightly below the state median of 1.07% but close to the national median of 0.99%. With a median home value of $132,400, the typical annual property tax bill in Roseville amounts to $1,286, which is lower than the national median of $2,690. Property taxes in Roseville are calculated based on the tax assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Roseville'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 Roseville 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
Roseville, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$1,298
Ownwell’s Roseville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roseville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roseville 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 Roseville, Michigan
Property taxes in Roseville, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roseville is 0.98%, which is slightly below the U.S. national median of 0.99%. Local government entities within Roseville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roseville 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 Roseville's effective property tax rate to other areas in Macomb County and the national median. For comparison, the 48066 zip code has both the highest and lowest median property tax rate of 0.98%. Understanding how these cities compare with Roseville provides valuable insights into the varying tax landscape across Macomb County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roseville Tax Rate
0.98%
Average Macomb County Tax Rate
1.19%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roseville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48066 | 0.76% | 0.81% | 0.98% | 1.32% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Roseville, Michigan
In Roseville, 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 Macomb 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 Roseville, 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 Roseville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 48066 has the highest and lowest median tax bill at $1,286.
Average Roseville Assessed Value
$132,400
Average Macomb County Assessed Value
$209,990
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Roseville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48066 | $80,800 | $103,000 | $132,400 | $155,000 | $178,400 |
Source: Ownwell
Property Tax Bills Across Roseville, Michigan
In Roseville, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Roseville is $132,400. The local tax rate is applied to this assessed value to determine the annual tax bill. For instance, homeowners in the 25th percentile can expect tax bills around $1,024, while those in the 75th percentile might see bills closer to $1,672. At the 90th percentile, tax bills can reach up to $2,181. Factors influencing the tax bill include the home's location within Macomb County, its assessed value, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Roseville's tax rates can vary, impacting homeowners' financial planning. Understanding these factors helps homeowners anticipate their annual obligations and manage their budgets effectively. The highest and lowest median tax bills in Roseville both stand at $1,286, reflecting the uniformity within the 48066 zip code.
Average Roseville Tax Bill
$1,286
Average Macomb County Tax Bill
$2,603
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Roseville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48066 | $824 | $1,024 | $1,286 | $1,672 | $2,181 |
Source: Ownwell