Grant Township, Michigan Property Taxes
The median property tax rate in Grant Township, MI is 0.67%, considerably lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Grant Township at $219,500, the typical annual property tax bill reaches $1,468, which is significantly below the national median of $2,690. Property taxes in Grant 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 Grant 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 Grant Township 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
Grant Township, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$1,471
Ownwell’s Grant Township Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grant Township with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grant 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 Grant Township, Michigan
Property taxes in Grant Township, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grant Township is 1.44%, higher than both the Michigan state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Grant Township set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grant 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 Grant Township's effective property tax rate to other counties in Michigan and the national median. For comparison, the zip code 48032 has the highest median property tax rate of 1.44%, while the zip code 48032 also has the lowest median tax rate of 1.44%. Understanding how these cities compare with Grant Township provides valuable insights into the varying tax landscape across Sanilac County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grant Township Tax Rate
0.67%
Average Sanilac County Tax Rate
1.15%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grant Township, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48032 | 0.64% | 0.65% | 0.67% | 0.70% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Grant Township, Michigan
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Grant Township, Michigan. 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 local 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 Grant 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 Grant Township helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,468, found in the 48032 zip code.
Property Tax Assessment Values Across Grant Township, Michigan
Source: Ownwell
$57,800
$142,200
$226,600
Average Grant Township Assessed Value
$219,500
Average Sanilac County Assessed Value
$107,600
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grant Township, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48032 | $199,100 | $206,750 | $219,500 | $232,250 | $239,900 |
Source: Ownwell
Property Tax Bills Across Grant Township, Michigan
In Grant Township, located in Sanilac County, MI, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of the market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in Grant Township is $219,500, and the property tax rate in the region is influenced by various factors, including local government budgets and public service funding needs. Homeowners in Grant Township can expect tax bills that vary depending on the assessed value of their homes. For instance, the 25th percentile tax bill is around $1,433, while the 75th percentile tax bill is approximately $1,503. At the 90th percentile, the tax bill reaches about $1,524. These figures illustrate the range of property tax burdens that homeowners might face. Compared to the national median property tax rate of 0.99%, Grant Township's property tax bills are relatively moderate, providing a balanced financial obligation for local homeowners.
Average Grant Township Tax Bill
$1,468
Average Sanilac County Tax Bill
$1,234
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Grant Township, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48032 | $1,413 | $1,433 | $1,468 | $1,503 | $1,524 |
Source: Ownwell