Stockbridge, Livingston County, Michigan Property Taxes
Median STOCKBRIDGE, MI effective property tax rate: 0.86%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median STOCKBRIDGE, MI home value: $281,300
Median annual STOCKBRIDGE, MI tax bill: $2,406, $6 higher than the national median property tax bill of $2,400.
How are property taxes in Livingston calculated?
Property taxes in STOCKBRIDGE, MI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding STOCKBRIDGE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in STOCKBRIDGE, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Stockbridge, Livingston County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.86%
Estimate Property Tax Bill
$2,419
$2,245
Property Tax Rates Across Stockbridge, Livingston County, Michigan
Local government entities in Michigan set property tax rates, leading to variations across the state. Each year, counties like Livingston estimate their budgetary needs for public services and divide this by the total value of taxable property within their jurisdiction, resulting in the property tax rate. This process, influenced by votes and laws, determines how much residents will pay in property taxes.
In Stockbridge, located in Livingston County, the effective property tax rate offers a unique perspective when compared to other cities in Michigan and the national median. Stockbridge's rate is slightly below the national median property tax rate of 1.02%, which can be a significant factor for homeowners considering relocation or investment in the area. This lower rate can translate into more manageable property tax bills for residents, making Stockbridge an attractive option for those seeking to balance quality of life with financial considerations.
Understanding these rates is crucial for property owners and potential buyers, as they directly impact annual expenses. By evaluating Stockbridge’s property tax rate in the context of Michigan and the U.S., individuals can make informed decisions about their real estate investments.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Stockbridge Tax Rate
0.86%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Livingston County Tax Rate
0.91%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Stockbridge, Livingston County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49285 | 0.71% | 0.76% | 0.86% | 0.95% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Stockbridge, Livingston County, Michigan
When examining property taxes in Stockbridge, MI, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Livingston County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices: In Livingston County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Stockbridge. For example, the median home price in Stockbridge is $281,300, with tax bills ranging significantly across the county. 49285 has the highest median home price at $281,300.
Property Tax Assessment Values Across Stockbridge, Livingston County, Michigan
Source: Ownwell
$181,400
$324,900
$468,400
Median Stockbridge Market Value
$281,300
Median Livingston County Market Value
$315,781
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Stockbridge, Livingston County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49285 | $187,260 | $225,500 | $281,300 | $345,625 | $425,820 |
Source: Ownwell
Property Tax Bills Across Stockbridge, Livingston County, Michigan
Median Stockbridge Tax Bill
$2,406
Median Livingston County Tax Bill
$2,949
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Stockbridge, Livingston County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49285 | $1,443 | $1,876 | $2,406 | $3,213 | $3,876 |
Source: Ownwell