Weston, Michigan Property Taxes
The median property tax rate in Weston, MI is 0.98%, slightly below both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Weston at $69,300, the typical annual property tax bill amounts to $761, significantly lower than the national median of $2,690. Property taxes in Weston are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Weston’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 Weston 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
Weston, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$679
$630
Ownwell’s Weston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Weston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Weston 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 Weston, Michigan
Property taxes in Weston, Michigan, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Weston is 0.98%, slightly lower than the U.S. national median of 0.99%. Local government entities within Weston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Weston 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 Weston's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49289 zip code has both the highest and lowest median property tax rate of 0.98%. Understanding how these cities compare with Weston provides valuable insights into the varying tax landscape across Lenawee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Weston Tax Rate
0.98%
Average Lenawee County Tax Rate
1.14%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Weston, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49289 | 0.79% | 0.86% | 0.98% | 1.59% | 2.03% |
Source: Ownwell
Property Tax Assessment Values Across Weston, Michigan
In Weston, 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 Lenawee 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 Weston, 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 Weston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 49289 has the highest median tax bill of $761, while the same zip code also reflects the lowest median tax bill.
Average Weston Assessed Value
$69,300
Average Lenawee County Assessed Value
$168,800
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Weston, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49289 | $27,500 | $46,500 | $69,300 | $93,650 | $129,500 |
Source: Ownwell
Property Tax Bills Across Weston, Michigan
In Weston, property tax bills are determined based on the assessed value of a home, which is a percentage of the property's market value. For instance, the median home price in Weston is $69,300. The property tax rate in this area is calculated by local tax authorities, taking into account various factors such as the location, property type, and any applicable exemptions or deductions. Homeowners in Weston can expect a tax bill ranging widely, with the 25th percentile paying around $589 and the 75th percentile paying up to $948. Those in the 90th percentile may see tax bills as high as $1,195. Compared to the national median property tax rate of 0.99%, Weston's rates can be considered moderate. These taxes fund essential public services such as schools, roads, and emergency services, directly impacting the community's quality of life. Understanding how these factors interplay helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Weston Tax Bill
$761
Average Lenawee County Tax Bill
$2,184
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Weston, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49289 | $386 | $589 | $761 | $948 | $1,195 |
Source: Ownwell