Flint, Michigan Property Taxes
The median property tax rate in Flint, MI is 1.48%, significantly higher than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Flint at $19,800, the typical annual property tax bill reaches $292, which is notably lower than the national median of $2,690. Property taxes in Flint are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Flint'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 Flint 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
Flint, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.48%
Estimate Property Tax Bill
$293
Ownwell’s Flint Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Flint with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Flint 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 Flint, Michigan
Property taxes in Flint, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Flint is 1.48%, significantly higher than the U.S. national median of 0.99%. Local government entities within Flint set these rates annually, and they can vary across different neighborhoods. Each year, Flint 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 Flint's effective property tax rate to other counties in Michigan and the national median. For comparison, the zip code 48506 has both the highest and lowest median property tax rate of 1.48%. Understanding how these areas compare with Flint 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 Flint Tax Rate
1.48%
Average Iron County Tax Rate
0.75%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Flint, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48506 | 1.48% | 1.48% | 1.48% | 1.48% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Flint, Michigan
In Flint, 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 Iron 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 Flint, 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. Being aware of these valuation processes in Flint helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 48506 in Flint has both the highest and lowest median tax bills, each at $292.
Average Flint Assessed Value
$19,800
Average Iron County Assessed Value
$75,910
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Flint, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48506 | $19,800 | $19,800 | $19,800 | $19,800 | $19,800 |
Source: Ownwell
Property Tax Bills Across Flint, Michigan
In Flint, Michigan, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is typically a percentage of the market value of the property. Factors such as the size of the property, location, and any improvements made to the home can influence this assessed value. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. For homeowners in Flint, the median home price is $19,800, and the property tax rate is relatively low compared to the national median property tax rate of 0.99%. This results in a median property tax bill of $292, which is consistent across various percentiles, including the 25th, 75th, and 90th percentiles. This uniform tax bill indicates a stable and predictable tax environment for homeowners. Understanding these factors can help homeowners in Flint plan their finances and anticipate their annual property tax obligations effectively.
Average Flint Tax Bill
$292
Average Iron County Tax Bill
$661
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Flint, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48506 | $292 | $292 | $292 | $292 | $292 |
Source: Ownwell