Shelby Township, Michigan Property Taxes
The median property tax rate in Shelby Township, MI is 0.70%, considerably lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Shelby Township at $301,200, the typical annual property tax bill reaches $2,256, which is below the national median of $2,690. Property taxes in Shelby Township 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 Shelby Township'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 Shelby Township or another part of Macomb County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Shelby Township, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$2,108
Ownwell’s Shelby Township Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shelby Township with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shelby Township 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 Shelby Township, Michigan
Property taxes in Shelby Township, Michigan, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Shelby Township is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Shelby Township set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shelby Township 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 Shelby Township's effective property tax rate to other areas in Macomb County and the national median. For comparison, the 48315 zip code has the highest median property tax rate of 0.71%, while the 48317 zip code has the lowest median tax rate of 0.69%. Understanding how these areas compare with Shelby Township 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 Shelby Township Tax Rate
0.70%
Average Macomb County Tax Rate
1.19%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shelby Township, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48315 | 0.55% | 0.64% | 0.71% | 0.85% | 1.03% |
| 48316 | 0.54% | 0.61% | 0.69% | 0.85% | 0.93% |
| 48317 | 0.49% | 0.56% | 0.69% | 0.83% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Shelby Township, Michigan
In Shelby Township, 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 Assessment Office 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 Shelby Township, 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 Shelby Township helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2701 in zip code 48315, while the lowest is $1645 in zip code 48317.
Property Tax Assessment Values Across Shelby Township, Michigan
Source: Ownwell
$78,140
$314,270
$550,400
Average Shelby Township Assessed Value
$301,200
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 Shelby Township, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48315 | $1,200 | $207,600 | $358,600 | $451,200 | $550,520 |
| 48316 | $192,800 | $252,800 | $315,800 | $451,650 | $565,200 |
| 48317 | $147,260 | $186,350 | $231,400 | $301,800 | $407,800 |
Source: Ownwell
Property Tax Bills Across Shelby Township, Michigan
Property tax bills in Shelby Township, located in Macomb County, MI, are calculated based on the assessed value of a property, which is typically a percentage of its market value. The median home price in this area is $301,200. Local tax rates are applied to this assessed value to determine the annual tax bill. For instance, the 25th percentile tax bill is $1,538, while the 75th percentile tax bill reaches $3,198. The 90th percentile tax bill can go up to $4,242. Various factors influence the tax bill, including property location, market trends, and local government budgets. Homeowners in the highest median tax bill zip code, 48315, pay around $2,701, whereas those in the lowest median tax bill zip code, 48317, pay approximately $1,645. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Comparing these figures to the national median property tax rate of 0.99%, Shelby Township's tax rates reflect a moderate range, affecting the overall affordability and desirability of homeownership in the area.
Average Shelby Township Tax Bill
$2,256
Average Macomb County Tax Bill
$2,603
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Shelby Township, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48315 | $1,101 | $1,806 | $2,701 | $3,518 | $4,458 |
| 48316 | $1,329 | $1,690 | $2,311 | $3,361 | $4,502 |
| 48317 | $947 | $1,219 | $1,645 | $2,344 | $3,162 |
Source: Ownwell