Grand Blanc, Michigan Property Taxes
The median property tax rate in Grand Blanc, MI is 1.02%, 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 $237,740 in Grand Blanc, the typical annual property tax bill amounts to $2,668, just below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence exemption. Understanding Grand Blanc'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 Grand Blanc 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
Grand Blanc, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$2,425
Ownwell’s Grand Blanc Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Grand Blanc with just two simple inputs. By entering your property's estimated assessed value, the calculator utilizes the median tax rate in Grand Blanc to provide an accurate estimate of your property tax bill. This valuable tool helps you grasp potential tax liabilities effectively. For those interested in more granular data, localized neighborhood trends are also available for further insights. Your property’s assessed value is determined by the county for property tax purposes and includes any applicable exemptions, ensuring a comprehensive understanding of your potential tax obligations.
Property Tax Rates Across Grand Blanc, Michigan
Property taxes in Grand Blanc, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grand Blanc is 1.02%, higher than the U.S. national median of 0.99%. Local government entities within Grand Blanc set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grand Blanc 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 Grand Blanc's effective property tax rate to other counties in Michigan and the national median. For comparison, the zip code 48439 has the highest median property tax rate of 1.02%, while the same zip code also has the lowest median tax rate of 1.02%. Understanding how these cities compare with Grand Blanc provides valuable insights into the varying tax landscape across Oakland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grand Blanc Tax Rate
1.02%
Average Oakland County Tax Rate
1.37%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grand Blanc, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48439 | 0.86% | 0.90% | 1.02% | 1.35% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Grand Blanc, Michigan
In Grand Blanc, 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 Oakland 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 Grand Blanc, 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. The highest median tax bill in the area is $2,668 in the 48439 zip code, while the lowest median tax bill is also $2,668 in the same zip code. Being aware of these valuation processes in Grand Blanc helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Grand Blanc Assessed Value
$237,740
Average Oakland County Assessed Value
$273,320
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grand Blanc, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48439 | $215,872 | $224,460 | $237,740 | $276,160 | $296,348 |
Source: Ownwell
Property Tax Bills Across Grand Blanc, Michigan
In Grand Blanc, located in Oakland County, 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 Grand Blanc is $237,740. Property taxes are influenced by several factors, including the local tax rate and the assessed value of the property. The tax bill can vary significantly, with the 25th percentile at $2,138, the 75th percentile at $3,164, and the 90th percentile reaching $3,866. This variation is due to differences in property values and the specific tax rates applied. Homeowners in Grand Blanc can expect their tax bills to be influenced by these factors, affecting their annual financial planning. Comparatively, the national median property tax rate stands at 0.99%, which provides a benchmark for understanding how local tax rates compare. Homeowners should be aware of these details to better manage their property-related expenses and anticipate changes in their tax obligations.
Average Grand Blanc Tax Bill
$2,668
Average Oakland County Tax Bill
$3,833
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Grand Blanc, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48439 | $1,947 | $2,138 | $2,668 | $3,164 | $3,866 |
Source: Ownwell