Eastpointe, Michigan Property Taxes
The median property tax rate in Eastpointe, MI is 1.88%, significantly higher than both the national median of 0.99% and Michigan's state median of 1.07%. With the median home value in Eastpointe at $121,000, the typical annual property tax bill reaches $2,304, which is just below the national median of $2,690. Property taxes in Eastpointe 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 Eastpointe'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 Eastpointe 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
Eastpointe, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.88%
Estimate Property Tax Bill
$2,275
Ownwell’s Eastpointe Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eastpointe with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eastpointe 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 Eastpointe, Michigan
Property taxes in Eastpointe, Michigan, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eastpointe is 1.88%, significantly higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Eastpointe set these rates annually, and they can vary across different neighborhoods. Each year, Eastpointe 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 Eastpointe's effective property tax rate to other counties in Michigan and the national median. For comparison, the zip code 48021 has the highest median property tax rate of 1.88%, while the same zip code also has the lowest median tax rate of 1.88%. Understanding how these cities compare with Eastpointe provides valuable insights into the varying tax landscape across Macomb County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eastpointe Tax Rate
1.88%
Average Macomb County Tax Rate
1.19%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eastpointe, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48021 | 1.39% | 1.52% | 1.88% | 2.51% | 3.01% |
Source: Ownwell
Property Tax Assessment Values Across Eastpointe, Michigan
In Eastpointe, 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 Macomb 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 Eastpointe, 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. The median home price in Eastpointe is $121,000, with tax bills ranging from $1,851 at the 25th percentile to $3,772 at the 90th percentile. The zip code 48021 has both the highest and lowest median tax bill at $2,304. By understanding 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 Eastpointe helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Eastpointe Assessed Value
$121,000
Average Macomb County Assessed Value
$209,990
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eastpointe, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48021 | $83,400 | $98,600 | $121,000 | $146,200 | $163,400 |
Source: Ownwell
Property Tax Bills Across Eastpointe, Michigan
In Eastpointe, located in Macomb County, MI, property tax bills are calculated based on the assessed value of a home, which is typically 50% of its market value. For instance, if the median home price is $121,000, the assessed value would be around $60,500. The property tax rate in this area is then applied to the assessed value to determine the tax bill. Homeowners in Eastpointe can expect their tax bills to range significantly. The 25th percentile tax bill is approximately $1,851, while the 75th percentile reaches up to $2,958. At the 90th percentile, tax bills can be as high as $3,772. These property taxes directly impact homeowners by influencing their annual housing costs. The highest and lowest median tax bills in Eastpointe both stand at $2,304, which is higher than the national median property tax rate of 0.99%. Understanding these factors helps homeowners in Eastpointe plan their finances and assess the true cost of homeownership in the region.
Average Eastpointe Tax Bill
$2,304
Average Macomb County Tax Bill
$2,603
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Eastpointe, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48021 | $1,500 | $1,851 | $2,304 | $2,958 | $3,772 |
Source: Ownwell