Genesee, Genesee County, Michigan Property Taxes
Median Genesee, MI effective property tax rate: 0.32%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Genesee, MI home value: $114,300
Median annual Genesee, MI tax bill: $407, $1,993 lower than the national median property tax bill of $2,400.
How are property taxes in Genesee calculated?
Property taxes in Genesee, MI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Genesee’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Genesee, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Genesee, Genesee County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.32%
Estimate Property Tax Bill
$366
$339
Property Tax Rates Across Genesee, Genesee County, Michigan
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Genesee, Michigan, the effective property tax rate is a reflection of this process. When compared to other cities in Michigan and the national median, Genesee's rate offers a unique perspective. Michigan's median property tax rate is notably lower than the national median of 1.02%, which translates into a more manageable tax bill for property owners in Genesee. This can be an attractive feature for potential homeowners or investors looking for opportunities in the area. Understanding these nuances can help property owners make informed decisions about where to invest and how to manage their property tax obligations effectively.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Genesee Tax Rate
0.32%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Genesee County Tax Rate
0.93%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Genesee, Genesee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48437 | 0.23% | 0.27% | 0.32% | 0.45% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Genesee, Genesee County, Michigan
When examining property taxes in Genesee, MI, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Genesee County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices: In Genesee County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Genesee. For example, the median home price in Genesee is $114,300, with tax bills ranging significantly across the county. Zip code 48437 has the highest median home price at $114,300.
Property Tax Assessment Values Across Genesee, Genesee County, Michigan
Source: Ownwell
$42,400
$166,700
$291,000
Median Genesee Market Value
$114,300
Median Genesee County Market Value
$139,200
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Genesee, Genesee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48437 | $82,060 | $101,600 | $114,300 | $154,450 | $193,200 |
Source: Ownwell
Property Tax Bills Across Genesee, Genesee County, Michigan
Median Genesee Tax Bill
$407
Median Genesee County Tax Bill
$1,090
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Genesee, Genesee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48437 | $252 | $304 | $407 | $555 | $687 |
Source: Ownwell