Northville, Michigan Property Taxes
The median property tax rate in Northville, MI is 0.96%, slightly lower than the Michigan state median of 1.07% but close to the national median of 0.99%. With the median home value in Northville at $472,600, the typical annual property tax bill reaches $4,582, significantly higher than the national median of $2,690. Property taxes in Northville are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Northville'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 Northville 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
Northville, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$4,537
Ownwell’s Northville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Northville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Northville to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities and plan accordingly. 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 Wayne County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Northville, Michigan
Property taxes in Northville, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Northville is 0.96%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Northville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Northville 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 Northville's effective property tax rate to other areas in Michigan and the national median. For comparison, the 48167 zip code has the highest median property tax rate of 0.97%, while the 48168 zip code has the lowest median tax rate of 0.96%. Understanding how these areas compare with Northville 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 Northville Tax Rate
0.96%
Average Wayne County Tax Rate
1.44%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Northville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48167 | 0.57% | 0.79% | 0.97% | 1.33% | 1.78% |
| 48168 | 0.76% | 0.84% | 0.96% | 1.05% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Northville, Michigan
In Northville, 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 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. Assessment notices in Northville 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 highest median tax bill in Northville is $4,843 in the 48168 zip code, while the lowest is $3,820 in the 48167 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Northville Assessed Value
$472,600
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 Northville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48167 | $166,200 | $198,000 | $373,600 | $507,200 | $759,520 |
| 48168 | $349,400 | $413,000 | $504,600 | $681,200 | $859,280 |
Source: Ownwell
Property Tax Bills Across Northville, Michigan
In Northville, MI, property tax bills are calculated based on the assessed value of a home, which is typically 50% of its market value. For instance, with a median home price of $472,600, the assessed value would be approximately $236,300. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as the property’s location, improvements, and local levies can influence the final amount. Homeowners in Northville can expect varying tax bills, with the 25th percentile around $3,294 and the 75th percentile reaching $6,547. The 90th percentile can see bills as high as $8,826. The highest median tax bill in the area is $4,843 in the 48168 zip code, while the lowest is $3,820 in the 48167 zip code. These property taxes fund essential public services like schools, emergency services, and infrastructure, directly impacting the community’s quality of life.
Average Northville Tax Bill
$4,582
Average Wayne County Tax Bill
$1,625
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Northville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48167 | $1,114 | $1,757 | $3,820 | $5,972 | $9,961 |
| 48168 | $2,942 | $3,696 | $4,843 | $6,661 | $8,621 |
Source: Ownwell