Lansing, Michigan Property Taxes
The median property tax rate in Lansing, MI is 2.26%, considerably higher than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Lansing, the typical annual property tax bill reaches $2,319, slightly below the national median of $2,690. Property taxes in Lansing 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 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
2.26%
Estimate Property Tax Bill
$2,265
$2,101
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, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Lansing is 2.26%, significantly 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 Ingham County and the national median. For comparison, the 48933 zip code has the highest median property tax rate of 2.61%, while the 48917 zip code has the lowest median tax rate of 2.08%. Understanding how these areas compare with Lansing provides valuable insights into the varying tax landscape across Ingham County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lansing Tax Rate
2.26%
Average Ingham County Tax Rate
2.06%
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 | 1.82% | 2.05% | 2.37% | 2.78% | 3.24% |
| 48910 | 1.88% | 2.06% | 2.28% | 2.61% | 2.96% |
| 48911 | 1.70% | 1.86% | 2.09% | 2.40% | 2.73% |
| 48912 | 1.92% | 2.07% | 2.35% | 2.73% | 3.10% |
| 48915 | 1.82% | 2.05% | 2.38% | 2.79% | 3.14% |
| 48917 | 1.56% | 1.80% | 2.08% | 2.29% | 2.53% |
| 48933 | 1.90% | 2.27% | 2.61% | 3.00% | 3.37% |
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 Ingham 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 Lansing, 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, zip code 48933 has the highest median tax bill at $2,958, while zip code 48906 has the lowest at $2,131. 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
$100,200
Average Ingham County Assessed Value
$152,200
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 | $52,000 | $64,600 | $85,200 | $123,000 | $169,200 |
| 48910 | $58,800 | $76,000 | $97,800 | $122,000 | $148,000 |
| 48911 | $66,800 | $89,600 | $114,200 | $155,600 | $228,320 |
| 48912 | $49,400 | $66,400 | $93,000 | $150,300 | $201,960 |
| 48915 | $56,600 | $69,200 | $89,600 | $122,550 | $160,600 |
| 48917 | $73,800 | $95,400 | $128,800 | $160,800 | $199,200 |
| 48933 | $76,360 | $91,800 | $115,000 | $163,200 | $228,040 |
Source: Ownwell
Property Tax Bills Across Lansing, Michigan
In Lansing, located in Ingham County, MI, property tax bills are calculated based on the assessed value of a property, which is typically determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the final tax bill. For homeowners in Lansing, the median home price is $100,200. The tax bill for the 25th percentile of properties is around $1,770, while for the 75th percentile, it rises to approximately $3,020. For those in the 90th percentile, the tax bill can reach up to $3,932. Several factors influence the tax bill, including property size, location, and any applicable exemptions. Homeowners in the 48933 zip code face the highest median tax bill at $2,958, whereas those in the 48906 zip code experience the lowest at $2,131. Compared to the national median property tax rate of 0.99%, Lansing's tax rates can significantly impact homeowners' annual expenses, making it essential for residents to understand their tax obligations and explore potential exemptions.
Average Lansing Tax Bill
$2,319
Average Ingham County Tax Bill
$3,019
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 | $1,251 | $1,599 | $2,131 | $2,816 | $3,639 |
| 48910 | $1,411 | $1,808 | $2,274 | $2,786 | $3,387 |
| 48911 | $1,475 | $1,954 | $2,475 | $3,236 | $4,503 |
| 48912 | $1,231 | $1,664 | $2,352 | $3,434 | $4,422 |
| 48915 | $1,373 | $1,707 | $2,180 | $2,840 | $3,696 |
| 48917 | $1,278 | $1,797 | $2,704 | $3,496 | $4,297 |
| 48933 | $1,777 | $2,290 | $2,958 | $3,807 | $4,675 |
Source: Ownwell