Sterling Heights, Michigan Property Taxes
The median property tax rate in Sterling Heights, MI is 1.27%, considerably higher than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Sterling Heights at $248,000, the typical annual property tax bill reaches $3,253, exceeding the national median of $2,690. Property taxes in Sterling Heights 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 Sterling Heights' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Sterling Heights 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
Sterling Heights, Michigan Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$2,140
Ownwell’s Sterling Heights Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sterling Heights with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sterling Heights 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 Sterling Heights, Michigan
Property taxes in Sterling Heights, Michigan, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Sterling Heights is 1.27%, higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Sterling Heights set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sterling Heights 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 Sterling Heights' effective property tax rate to other areas in Macomb County and the national median. For comparison, the 48312 zip code has the highest median property tax rate of 1.32%, while the 48313 zip code has the lowest median tax rate of 1.17%. Understanding how these cities compare with Sterling Heights 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 Sterling Heights Tax Rate
1.27%
Average Macomb County Tax Rate
1.19%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sterling Heights, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48310 | 1.06% | 1.20% | 1.31% | 1.71% | 1.97% |
| 48312 | 1.02% | 1.14% | 1.32% | 1.66% | 1.95% |
| 48313 | 0.98% | 1.05% | 1.17% | 1.50% | 1.68% |
| 48314 | 0.98% | 1.11% | 1.24% | 1.56% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Sterling Heights, Michigan
In Sterling Heights, 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 Sterling Heights, 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 Sterling Heights helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Sterling Heights is $3,891 in the 48314 zip code, while the lowest median tax bill is $2,945 in the 48313 zip code.
Property Tax Assessment Values Across Sterling Heights, Michigan
Source: Ownwell
$78,140
$314,270
$550,400
Average Sterling Heights Assessed Value
$248,000
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 Sterling Heights, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48310 | $196,000 | $233,000 | $258,200 | $282,600 | $321,000 |
| 48312 | $127,440 | $203,200 | $236,000 | $263,800 | $311,560 |
| 48313 | $153,000 | $200,600 | $237,600 | $285,600 | $334,000 |
| 48314 | $174,800 | $213,400 | $288,000 | $409,200 | $485,540 |
Source: Ownwell
Property Tax Bills Across Sterling Heights, Michigan
In Sterling Heights, located in Macomb County, MI, property tax bills are determined based on the assessed value of a home, which is typically half of its market value. For instance, with a median home price of $248,000, the assessed value would be around $124,000. The local tax rate is then applied to this assessed value to calculate the tax bill. Factors such as property location, improvements, and local levies also influence the final amount. Homeowners in Sterling Heights experience a range of tax bills. For example, the 25th percentile tax bill is approximately $2,617, while the 75th percentile reaches up to $4,235. The 90th percentile can be as high as $5,341. Notably, the highest median tax bill in the area is $3,891 in the 48314 zip code, contrasting with the lowest median tax bill of $2,945 in the 48313 zip code. These variations significantly impact homeowners, affecting their annual financial planning and property affordability.
Average Sterling Heights Tax Bill
$3,253
Average Macomb County Tax Bill
$2,603
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Sterling Heights, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48310 | $2,569 | $2,954 | $3,472 | $4,420 | $5,318 |
| 48312 | $1,898 | $2,532 | $3,099 | $3,965 | $4,970 |
| 48313 | $1,842 | $2,323 | $2,945 | $3,720 | $4,629 |
| 48314 | $2,025 | $2,632 | $3,891 | $5,322 | $6,840 |
Source: Ownwell