Warren, Michigan Property Taxes
The median property tax rate in Warren, MI is 1.68%, considerably higher than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Warren, the typical annual property tax bill reaches $2,636, slightly exceeding the national median of $2,690. Property taxes in Warren 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 Warren'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 Warren 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
Warren, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.68%
Estimate Property Tax Bill
$2,823
Ownwell’s Warren Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Warren with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Warren to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. For those 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 Macomb County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Warren, Michigan
Property taxes in Warren, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Warren is 1.68%, higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Warren set these rates annually, and they can vary significantly across different neighborhoods. Each year, Warren 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 Warren's effective property tax rate to other areas in Macomb County and the national median. For comparison, the 48089 zip code has the highest median property tax rate of 1.88%, while the 48088 zip code has the lowest median tax rate of 1.51%. Understanding how these areas compare with Warren 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 Warren Tax Rate
1.68%
Average Macomb County Tax Rate
1.19%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Warren, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48088 | 1.33% | 1.39% | 1.51% | 2.09% | 2.38% |
| 48089 | 1.33% | 1.52% | 1.88% | 2.41% | 3.04% |
| 48091 | 1.21% | 1.37% | 1.66% | 2.37% | 2.93% |
| 48092 | 1.28% | 1.37% | 1.59% | 2.23% | 2.52% |
| 48093 | 1.35% | 1.43% | 1.66% | 2.15% | 2.59% |
Source: Ownwell
Property Tax Assessment Values Across Warren, Michigan
In Warren, 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 Warren, 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 Warren helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Zip code 48092 has the highest median tax bill at $3,255, while 48089 has the lowest at $1,662.
Average Warren Assessed Value
$168,040
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 Warren, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48088 | $164,802 | $182,820 | $197,540 | $215,045 | $231,018 |
| 48089 | $52,420 | $62,415 | $78,140 | $126,530 | $167,058 |
| 48091 | $58,540 | $77,080 | $130,900 | $162,040 | $182,400 |
| 48092 | $142,920 | $175,880 | $195,260 | $222,245 | $258,170 |
| 48093 | $98,480 | $147,780 | $190,660 | $226,020 | $258,832 |
Source: Ownwell
Property Tax Bills Across Warren, Michigan
In Warren, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, with a median home price of $168,040, the assessed value is determined by local assessors who consider factors such as recent sales of similar properties, improvements made to the home, and overall market conditions. Homeowners in Warren can expect their property tax bills to vary significantly. For example, residents in zip code 48092 face the highest median tax bill of $3,255, while those in zip code 48089 encounter the lowest median tax bill of $1,662. On average, property tax bills fall between $1,776 at the 25th percentile and $4,704 at the 90th percentile, highlighting the range of tax burdens. Compared to the national median property tax rate of 0.99%, Warren's rates can be higher or lower depending on the specific neighborhood and property characteristics. These taxes are crucial for funding local services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners.
Average Warren Tax Bill
$2,636
Average Macomb County Tax Bill
$2,603
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Warren, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48088 | $2,414 | $2,695 | $3,127 | $4,056 | $4,893 |
| 48089 | $929 | $1,190 | $1,662 | $2,327 | $3,186 |
| 48091 | $1,082 | $1,463 | $2,063 | $2,724 | $3,918 |
| 48092 | $2,229 | $2,602 | $3,255 | $4,335 | $5,501 |
| 48093 | $1,683 | $2,506 | $3,193 | $4,144 | $5,274 |
Source: Ownwell