South Rockwood, Monroe County, Michigan Property Taxes

Name: Property Tax Bills Across South Rockwood, Monroe County, Michigan
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median South Rockwood, MI effective property tax rate: 0.96%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median South Rockwood, MI home value: $212,600
Median annual South Rockwood, MI tax bill: $2,095, $305 lower than the national median property tax bill of $2,400.

How are property taxes in Monroe calculated?

Property taxes in South Rockwood, 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 South Rockwood’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in South Rockwood, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

South Rockwood, Monroe County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.96%

Estimate Property Tax Bill

$2,041

$1,894

Ownwell’s South Rockwood Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in South Rockwood with just two data points. By entering your property's estimated assessed value, our calculator applies South Rockwood’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Monroe County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across South Rockwood, Monroe County, Michigan

Local government entities set tax rates, which can vary widely within a state. This is because each county annually estimates its required budget to provide services. They then divide that by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and laws influence tax rates and budgets, this is essentially the annual process.

In South Rockwood, Monroe County, Michigan, the effective property tax rate is 0.96%, which is slightly below the national median of 1.02%. This indicates a relatively favorable tax environment compared to the national landscape. However, it's important to note that tax rates can differ significantly even within the same state due to varying local government needs and property values. By understanding these rates, property owners can better manage their financial planning and potentially seek opportunities for property tax appeals or exemptions. Comparing South Rockwood's rate to the median rates in Michigan and the U.S. can provide valuable insights for homeowners looking to optimize their property tax obligations.

Property Tax Rates Across South Rockwood, Monroe County, Michigan

Source: Ownwell

0.90%

1.25%

1.60%

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 South Rockwood Tax Rate

0.96%

Median Effective Monroe County Tax Rate

1.21%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across South Rockwood, Monroe County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48179	0.68%	0.77%	0.96%	1.19%	1.30%

Source: Ownwell

Property Tax Assessment Values Across South Rockwood, Monroe County, Michigan

When examining property taxes in South Rockwood, Michigan, 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 Monroe 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 Monroe County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 South Rockwood. For example, the median home price in South Rockwood is $212,600, with tax bills ranging significantly across the county. 48179 has the highest median home price at $212,600.

Property Tax Assessment Values Across South Rockwood, Monroe County, Michigan

Source: Ownwell

$112,800

$175,400

$238,000

Median South Rockwood Market Value

$212,600

Median Monroe County Market Value

$165,800

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across South Rockwood, Monroe County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48179	$120,000	$156,000	$212,600	$289,300	$384,400

Source: Ownwell

Property Tax Bills Across South Rockwood, Monroe County, Michigan

In South Rockwood, located in Monroe County, MI, property tax bills are determined by assessing the property's value, which is then multiplied by the local tax rate. The assessed value is a percentage of the market value, and this figure is crucial in calculating the tax bill. The median home price in the area is $212,600, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $1,423, while the 75th percentile reaches $2,912. At the 90th percentile, homeowners might pay as much as $3,810. These figures are below the national median property tax bill of $2,400, indicating potential savings opportunities for homeowners. Ownwell can assist homeowners in South Rockwood by providing property tax appeal and exemption services. By analyzing the assessed value and ensuring it aligns with market conditions, Ownwell helps homeowners potentially lower their tax bills. This service is particularly beneficial for those who find their property tax burdens disproportionately high compared to their property's assessed value.

Property Tax Bills Across South Rockwood, Monroe County, Michigan

Source: Ownwell

$1,658

$2,415

$3,172

Median South Rockwood Tax Bill

$2,095

Median Monroe County Tax Bill

$2,179

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across South Rockwood, Monroe County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48179	$1,088	$1,423	$2,095	$2,912	$3,810

Source: Ownwell