Plymouth, Michigan Property Taxes
The median property tax rate in Plymouth, MI is 1.04%, slightly higher than the national median of 0.99% but lower than the Michigan state median of 1.07%. With a median home value of $471,650, the typical annual property tax bill in Plymouth reaches $4,850, significantly surpassing the national median of $2,690. Property taxes in Plymouth are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Plymouth's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Plymouth 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
Plymouth, 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 Plymouth Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Plymouth with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Plymouth 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 Plymouth, Michigan
Property taxes in Plymouth, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Plymouth is 1.04%, which is higher than the U.S. national median of 0.99%. Local government entities within Plymouth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Plymouth 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 Plymouth's effective property tax rate to other areas in Michigan and the national median. For comparison, the zip code 48170 has the highest median property tax rate of 1.04%, while the lowest median tax rate is also 1.04% in the same zip code. Understanding how these figures compare with Plymouth provides valuable insights into the varying tax landscape across Washtenaw County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Plymouth Tax Rate
1.04%
Average Washtenaw County Tax Rate
1.22%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Plymouth, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48170 | 0.79% | 0.90% | 1.04% | 1.16% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Plymouth, Michigan
In Plymouth, 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 Washtenaw 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 Plymouth, 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 Plymouth helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Plymouth is $471,650, with tax bills ranging from $3,493 at the 25th percentile to $9,516 at the 90th percentile. The zip code 48170 has the highest and lowest median tax bill, both at $4,850.
Average Plymouth Assessed Value
$471,650
Average Washtenaw County Assessed Value
$319,000
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Plymouth, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48170 | $259,710 | $340,325 | $471,650 | $667,350 | $875,680 |
Source: Ownwell
Property Tax Bills Across Plymouth, Michigan
In Plymouth, located in Washtenaw County, MI, property tax bills are determined based on the assessed value of a home, which is typically a percentage of its market value. Homeowners can expect varying tax bills depending on their property's value and the local tax rate. For instance, the median home price in Plymouth stands at $471,650, and the property tax rate is influenced by both local government needs and school funding requirements. Several factors contribute to the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. Homeowners in Plymouth can see tax bills ranging from $3,493 at the 25th percentile to $9,516 at the 90th percentile, with the median tax bill being $4,850. This is significantly higher than the national median property tax rate of 0.99%, reflecting the area's higher property values and local tax policies. These taxes fund essential services like schools, public safety, and infrastructure, impacting homeowners by contributing to the overall quality of life in the community.
Average Plymouth Tax Bill
$4,850
Average Washtenaw County Tax Bill
$4,022
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Plymouth, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48170 | $2,737 | $3,493 | $4,850 | $6,970 | $9,516 |
Source: Ownwell