Mount Clemens, Michigan Property Taxes
The median property tax rate in Mount Clemens, MI is 1.89%, considerably higher than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Mount Clemens at $142,400, the typical annual property tax bill reaches $2,687, nearly matching the national median of $2,690. Property taxes in Mount Clemens 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 Mount Clemens'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 Mount Clemens 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
Mount Clemens, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.89%
Estimate Property Tax Bill
$2,691
Ownwell’s Mount Clemens Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mount Clemens with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mount Clemens 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 Mount Clemens, Michigan
Property taxes in Mount Clemens, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Clemens is 1.89%, significantly higher than the U.S. national median of 0.99%. Local government entities within Mount Clemens set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Clemens 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 Mount Clemens' effective property tax rate to other counties in Michigan and the national median. For comparison, the ZIP code 48043 has the highest median property tax rate of 1.89%, while the same ZIP code also has the lowest median tax rate of 1.89%. Understanding how these areas compare with Mount Clemens 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 Mount Clemens Tax Rate
1.89%
Average Macomb County Tax Rate
1.19%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Clemens, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48043 | 1.41% | 1.62% | 1.89% | 2.39% | 2.79% |
Source: Ownwell
Property Tax Assessment Values Across Mount Clemens, Michigan
In Mount Clemens, 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 Mount Clemens, 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 Mount Clemens helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $2687, found in the 48043 zip code.
Average Mount Clemens Assessed Value
$142,400
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 Mount Clemens, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48043 | $75,980 | $109,750 | $142,400 | $172,850 | $214,400 |
Source: Ownwell
Property Tax Bills Across Mount Clemens, Michigan
In Mount Clemens, located in Macomb County, MI, property tax bills are determined based on the assessed value of a home, which is typically a percentage of its market value. Homeowners in this area see a range of tax bills, with the 25th percentile paying around $2,012 and the 75th percentile paying approximately $3,574 annually. The 90th percentile tax bill reaches up to $4,695. These tax bills are influenced by various factors, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. The highest median tax bill in the area is $2,687, observed in the 48043 zip code, which aligns with the lowest median tax bill, indicating a consistent tax rate across the city. For homeowners, understanding these factors is crucial as they directly impact the annual financial obligation tied to their property. Compared to the national median property tax rate of 0.99%, Mount Clemens homeowners might find their tax burdens relatively comparable, depending on their property's assessed value and specific circumstances.
Average Mount Clemens Tax Bill
$2,687
Average Macomb County Tax Bill
$2,603
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Clemens, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48043 | $1,551 | $2,012 | $2,687 | $3,574 | $4,695 |
Source: Ownwell