Brighton, Michigan Property Taxes
The median property tax rate in Brighton, MI is 0.96%, slightly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $345,160 in Brighton, the typical annual property tax bill reaches $3,422, surpassing the national median of $2,690. Property taxes in Brighton 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 Brighton’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 Brighton 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
Brighton, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$3,314
$3,075
Ownwell’s Brighton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brighton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brighton 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 Brighton, Michigan
Property taxes in Brighton, Michigan, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Brighton is 0.96%, slightly below the U.S. national median of 0.99%. Local government entities within Brighton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brighton 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 Brighton's effective property tax rate to other areas in Livingston County and the national median. For comparison, the 48116 zip code has the highest median property tax rate of 1.02%, while the 48114 zip code has the lowest median tax rate of 0.90%. Understanding how these areas compare with Brighton provides valuable insights into the varying tax landscape across Livingston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brighton Tax Rate
0.96%
Average Livingston County Tax Rate
0.91%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brighton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48114 | 0.73% | 0.80% | 0.90% | 1.03% | 1.17% |
| 48116 | 0.75% | 0.86% | 1.02% | 1.31% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Brighton, Michigan
In Brighton, 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 Livingston 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 Brighton, 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, in Brighton, the highest median tax bill is $3,526 in the 48116 zip code, while the lowest median tax bill is $3,274 in the 48114 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brighton Assessed Value
$345,160
Average Livingston County Assessed Value
$315,781
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brighton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48114 | $224,380 | $283,400 | $369,100 | $484,400 | $616,400 |
| 48116 | $174,200 | $243,400 | $327,400 | $441,920 | $589,200 |
Source: Ownwell
Property Tax Bills Across Brighton, Michigan
Property tax bills in Brighton, located in Livingston County, MI, are calculated based on the assessed value of a property, which is often a percentage of its market value. The median home price in Brighton stands at $345,160. Tax rates are applied to this assessed value to determine the annual tax bill. Various factors influence this calculation, including property size, location, and any applicable exemptions or deductions. For homeowners in Brighton, the property tax bill can vary significantly. The 25th percentile tax bill is around $2,508, while the 75th percentile reaches approximately $4,725. At the higher end, the 90th percentile tax bill is about $6,245. The highest median tax bill in the area is $3,526 in the 48116 zip code, compared to the lowest median tax bill of $3,274 in the 48114 zip code. These property taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting the quality of life for Brighton residents.
Average Brighton Tax Bill
$3,422
Average Livingston County Tax Bill
$2,949
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Brighton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48114 | $1,866 | $2,428 | $3,274 | $4,595 | $6,041 |
| 48116 | $1,755 | $2,581 | $3,526 | $4,810 | $6,382 |
Source: Ownwell