Attica, Michigan Property Taxes
The median property tax rate in Attica, MI is 0.40%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Attica at $241,400, the typical annual property tax bill is $899, which is well below the national median of $2,690. Property taxes in Attica are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Attica'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 Attica 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
Attica, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$966
$896
Ownwell’s Attica Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Attica with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Attica to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, allowing you to make informed financial decisions. For those interested in more granular trends, additional localized information is available below. Your property’s assessed value is determined by Lapeer County for tax calculations, considering any applicable exemptions.
Property Tax Rates Across Attica, Michigan
Property taxes in Attica, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Attica is 0.40%, which is lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Attica set these rates annually, and they can vary significantly across different neighborhoods. Each year, Attica 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 Attica's effective property tax rate to other counties in Michigan and the national median. For comparison, the zip code 48412 has the highest median property tax rate of 0.40%, while the same zip code also has the lowest median tax rate of 0.40%. Understanding how these cities compare with Attica provides valuable insights into the varying tax landscape across Lapeer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Attica Tax Rate
0.40%
Average Lapeer County Tax Rate
0.37%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Attica, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48412 | 0.25% | 0.28% | 0.40% | 0.50% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Attica, Michigan
In Attica, 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 Lapeer 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 Attica, 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 Attica helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 48412 has both the highest and lowest median tax bill at $899.
Average Attica Assessed Value
$241,400
Average Lapeer County Assessed Value
$215,800
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Attica, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48412 | $93,120 | $163,200 | $241,400 | $325,400 | $421,200 |
Source: Ownwell
Property Tax Bills Across Attica, Michigan
In Attica, Lapeer County, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. With a median home price of $241,400, homeowners can expect varying tax bills depending on the assessed value and the local tax rate. For instance, the 25th percentile tax bill is $591, while the 75th percentile tax bill is $1324, and the 90th percentile tax bill reaches up to $1889. These figures reflect the range of property taxes paid by homeowners in the area. Several factors influence the tax bill, including property size, location, and any applicable exemptions. The highest and lowest median tax bills in the region both stand at $899, indicating a level of uniformity in tax assessments. Compared to the national median property tax rate of 0.99%, homeowners in Attica might find their tax bills to be relatively moderate, affecting their overall cost of homeownership and potentially influencing their financial planning and real estate decisions.
Average Attica Tax Bill
$899
Average Lapeer County Tax Bill
$858
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Attica, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48412 | $350 | $591 | $899 | $1,324 | $1,889 |
Source: Ownwell