Millington, Genesee County, Michigan Property Taxes
The median property tax rate in Millington, MI is 0.38%, considerably lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Millington at $204,500, the typical annual property tax bill is $775, well below the national median of $2,690. Property taxes in Millington 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 Millington'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 Millington 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
Millington, Genesee County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.38%
Estimate Property Tax Bill
$777
$721
Ownwell’s Millington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Millington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Millington 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 Millington, Genesee County, Michigan
Property taxes in Millington, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Millington is 0.38%, which is significantly lower than both the Michigan state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Millington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Millington 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 Millington's effective property tax rate to other counties in Michigan and the national median. For comparison, the highest median property tax rate in the region is 1.91%, while the lowest median tax rate is 0.38%. Understanding how these cities compare with Millington provides valuable insights into the varying tax landscape across Genesee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Millington Tax Rate
0.38%
Average Genesee County Tax Rate
0.93%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Millington, Genesee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48746 | 0.31% | 0.34% | 0.38% | 0.43% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Millington, Genesee County, Michigan
In Millington, 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 Genesee 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 Millington 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 Millington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Millington is $775 in the 48746 zip code, while the lowest median tax bill is also $775 in the same zip code.
Property Tax Assessment Values Across Millington, Genesee County, Michigan
Source: Ownwell
$42,400
$166,700
$291,000
Average Millington Assessed Value
$204,500
Average Genesee County Assessed Value
$139,200
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Millington, Genesee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48746 | $127,500 | $156,500 | $204,500 | $250,700 | $310,500 |
Source: Ownwell
Property Tax Bills Across Millington, Genesee County, Michigan
In Millington, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. The assessed value is typically a percentage of the property's market value. For instance, in Genesee County, where Millington is located, the median home price is $204,500. Property tax bills can vary significantly, with the 25th percentile tax bill around $594 and the 75th percentile tax bill reaching up to $985. These values indicate the range within which most homeowners' tax bills fall. Various factors influence the assessed value, including the property's size, location, and condition. Homeowners in Millington can expect their property taxes to impact their annual budget, with some paying as much as $1,210, which falls in the 90th percentile. Comparatively, the national median property tax rate stands at 0.99%, offering a benchmark for understanding local tax burdens. Understanding these factors can help homeowners anticipate their tax obligations and plan accordingly.
Average Millington Tax Bill
$775
Average Genesee County Tax Bill
$1,090
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Millington, Genesee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48746 | $484 | $594 | $775 | $985 | $1,210 |
Source: Ownwell