Lansing, Michigan Property Taxes
The median property tax rate in Lansing, MI is 1.01%, 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 $193,000 in Lansing, the typical annual property tax bill amounts to $2,032, which is below the national median of $2,690. Property taxes in Lansing are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Lansing'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 Lansing 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
Lansing, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$1,949
$1,809
Ownwell’s Lansing Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lansing with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lansing 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 Lansing, Michigan
Property taxes in Lansing, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lansing is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within Lansing set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lansing 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 Lansing's effective property tax rate to other areas in Eaton County and the national median. For comparison, the 48911 zip code has the highest median property tax rate of 1.95%, while the 48906 zip code has the lowest median tax rate of 0.94%. Understanding how these areas compare with Lansing provides valuable insights into the varying tax landscape across Eaton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lansing Tax Rate
1.01%
Average Eaton County Tax Rate
0.81%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lansing, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48906 | 0.79% | 0.85% | 0.94% | 1.01% | 1.18% |
| 48910 | 0.91% | 0.94% | 1.02% | 1.14% | 1.27% |
| 48911 | 0.48% | 1.79% | 1.95% | 2.39% | 2.69% |
| 48917 | 0.74% | 0.83% | 1.00% | 1.14% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Lansing, Michigan
In Lansing, 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 Eaton 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 Lansing 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 example, the highest median tax bill in Lansing is $2,673 in the 48906 zip code, while the lowest median tax bill is $1,523 in the 48910 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 Lansing Assessed Value
$193,000
Average Eaton County Assessed Value
$184,400
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lansing, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48906 | $140,600 | $187,750 | $278,400 | $350,850 | $453,300 |
| 48910 | $131,120 | $132,450 | $152,600 | $159,800 | $175,720 |
| 48911 | $70,360 | $103,700 | $131,400 | $155,000 | $207,040 |
| 48917 | $125,200 | $163,000 | $198,800 | $249,400 | $314,200 |
Source: Ownwell
Property Tax Bills Across Lansing, Michigan
In Lansing, Eaton County, property tax bills are calculated based on the assessed value of a property, which is typically around 50% of its market value. For a median home priced at $193,000, homeowners can expect their tax bills to vary significantly. Factors such as property location, improvements, and local tax rates play a crucial role in determining the final amount. The tax bill for the 25th percentile is approximately $1,574, while the 75th percentile reaches around $2,612, and the 90th percentile can go up to $3,347. The highest median tax bill in the area is $2,673 in the 48906 zip code, whereas the lowest is $1,523 in the 48910 zip code. Compared to the national median property tax rate of 0.99%, Lansing's property tax rates can be a significant financial consideration for homeowners. Understanding these factors can help residents better anticipate their annual property tax obligations and plan their finances accordingly.
Average Lansing Tax Bill
$2,032
Average Eaton County Tax Bill
$1,470
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Lansing, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48906 | $1,276 | $1,771 | $2,673 | $3,454 | $4,176 |
| 48910 | $1,226 | $1,460 | $1,523 | $1,699 | $2,020 |
| 48911 | $897 | $1,932 | $2,454 | $2,945 | $3,554 |
| 48917 | $1,201 | $1,556 | $1,968 | $2,508 | $3,219 |
Source: Ownwell