Garden City, Michigan Property Taxes
The median property tax rate in Garden City, MI is 1.55%, considerably higher than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Garden City, the typical annual property tax bill reaches $2,502, which is below the national median of $2,690. Property taxes in Garden City 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 Garden City'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 Garden City 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
Garden City, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.55%
Estimate Property Tax Bill
$2,375
Ownwell’s Garden City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Garden City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Garden City 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 Garden City, Michigan
Property taxes in Garden City, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Garden City is 1.55%, significantly higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Garden City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Garden City 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. Understanding how these cities compare with Garden City provides valuable insights into the varying tax landscape across Wayne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Garden City Tax Rate
1.55%
Average Wayne County Tax Rate
1.44%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Garden City, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48135 | 1.31% | 1.39% | 1.55% | 2.06% | 2.49% |
Source: Ownwell
Property Tax Assessment Values Across Garden City, Michigan
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Garden City, MI. 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 Wayne 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 Garden City, 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. For instance, the median home price in Garden City is $153,200, with tax bills ranging from $2,096 at the 25th percentile to $3,938 at the 90th percentile. The zip code 48135 has both the highest and lowest median tax bill at $2,502. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Garden City Assessed Value
$153,200
Average Wayne County Assessed Value
$126,800
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Garden City, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48135 | $121,600 | $137,000 | $153,200 | $171,000 | $202,200 |
Source: Ownwell
Property Tax Bills Across Garden City, Michigan
In Garden City, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the Wayne County Assessor. The assessed value typically reflects 50% of the market value of the property. For example, with a median home price of $153,200, the assessed value would be around $76,600. Property tax rates in Garden City are influenced by local levies and millage rates set by various taxing authorities, including school districts and municipal services. Homeowners in Garden City experience a range of tax bills. The 25th percentile tax bill is approximately $2,096, while the 75th percentile tax bill reaches around $3,214. At the higher end, the 90th percentile tax bill can be as much as $3,938. These figures indicate the variability in property tax obligations based on home values and local tax rates. Understanding these factors can help homeowners anticipate their annual tax responsibilities and budget accordingly. The median tax bill in the highest and lowest zip codes in Garden City is $2,502, which is above the national median property tax rate of 0.99%.
Average Garden City Tax Bill
$2,502
Average Wayne County Tax Bill
$1,625
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Garden City, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48135 | $1,810 | $2,096 | $2,502 | $3,214 | $3,938 |
Source: Ownwell