Macomb, Michigan Property Taxes
The median property tax rate in Macomb, MI is 0.87%, which is lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Macomb at $356,400, the typical annual property tax bill reaches $3,051, surpassing the national median of $2,690. Property taxes in Macomb are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Macomb'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 Macomb 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
Macomb, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$3,101
Ownwell’s Macomb Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Macomb with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Macomb 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 Macomb, Michigan
Property taxes in Macomb, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Macomb is 0.87%, which is below the U.S. national median of 0.99%. Local government entities within Macomb set these rates annually, and they can vary significantly across different neighborhoods. Each year, Macomb 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 Macomb's effective property tax rate to other areas in Michigan and the national median. For comparison, the 48044 zip code has the highest median property tax rate of 0.90%, while the 48042 zip code has the lowest median tax rate of 0.82%. Understanding how these areas compare with Macomb provides valuable insights into the varying tax landscape across the county, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Macomb Tax Rate
0.87%
Average Macomb County Tax Rate
1.19%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Macomb, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48042 | 0.62% | 0.67% | 0.82% | 0.93% | 1.07% |
| 48044 | 0.69% | 0.82% | 0.90% | 1.05% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Macomb, Michigan
In Macomb, 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 local 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 Macomb, 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 Macomb helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Macomb, the highest median tax bill is $3,251 in the 48044 zip code, while the lowest median tax bill is $2,799 in the 48042 zip code.
Average Macomb Assessed Value
$356,400
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 Macomb, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48042 | $216,400 | $297,800 | $357,000 | $406,800 | $459,200 |
| 48044 | $223,620 | $281,200 | $355,600 | $408,400 | $455,800 |
Source: Ownwell
Property Tax Bills Across Macomb, Michigan
Property tax bills in Macomb, MI, are calculated based on the assessed value of a property, which is typically 50% of its market value. For a median home price of $356,400, the assessed value would be approximately $178,200. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property location, improvements, and exemptions can influence this assessed value. In Macomb, the 25th percentile tax bill is around $2,301, while the 75th percentile reaches up to $3,792, and the 90th percentile can be as high as $4,502. Homeowners in the zip code 48044 experience the highest median tax bill at $3,251, whereas those in the zip code 48042 have the lowest at $2,799. These variations impact homeowners significantly, affecting their annual financial planning and the overall affordability of owning a home in different parts of Macomb.
Average Macomb Tax Bill
$3,051
Average Macomb County Tax Bill
$2,603
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Macomb, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48042 | $1,754 | $2,239 | $2,799 | $3,530 | $4,229 |
| 48044 | $1,848 | $2,357 | $3,251 | $3,946 | $4,680 |
Source: Ownwell