Clinton Township, Michigan Property Taxes
The median property tax rate in Clinton Township, MI is 2.53%, significantly higher than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $75,380 in Clinton Township, the typical annual property tax bill reaches $1,905, still below the national median of $2,690. Property taxes in Clinton Township are calculated based on the assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Clinton Township'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 Clinton Township or another part of Oakland County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clinton Township, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.53%
Estimate Property Tax Bill
$1,907
Ownwell’s Clinton Township Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clinton Township with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clinton Township 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 Clinton Township, Michigan
Property taxes in Clinton Township, Michigan, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clinton Township is 2.53%, significantly higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Clinton Township set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clinton Township 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 Clinton Township's effective property tax rate to other counties in Michigan and the national median. For comparison, the zip code 48035 has the highest median property tax rate of 2.53%, while the same zip code also has the lowest median tax rate of 2.53%. Understanding how these areas compare with Clinton Township provides valuable insights into the varying tax landscape across Macomb, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clinton Township Tax Rate
2.53%
Average Oakland County Tax Rate
1.37%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clinton Township, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48035 | 2.53% | 2.53% | 2.53% | 2.53% | 2.53% |
Source: Ownwell
Property Tax Assessment Values Across Clinton Township, Michigan
In Clinton Township, 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 county 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 Clinton Township, 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 Clinton Township helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 48035 at $1,905, which is also the lowest.
Property Tax Assessment Values Across Clinton Township, Michigan
Source: Ownwell
$64,640
$936,355
$1,808,070
Average Clinton Township Assessed Value
$75,380
Average Oakland County Assessed Value
$273,320
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clinton Township, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48035 | $75,380 | $75,380 | $75,380 | $75,380 | $75,380 |
Source: Ownwell
Property Tax Bills Across Clinton Township, Michigan
In Clinton Township, located in Oakland County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is typically a percentage of the market value of the property. For homeowners in Clinton Township, the median home price is $75,380. This value is then multiplied by the local property tax rate to determine the annual tax bill. In this region, the property tax rate results in a median tax bill of $1,905, which is significantly higher than the national median property tax rate of 0.99%. This consistent tax bill amount, seen across various percentiles, indicates a uniform application of the tax rate within the township. Homeowners should be aware that their property taxes contribute to essential local services such as schools, public safety, and infrastructure. Understanding how these taxes are calculated can help homeowners better manage their annual expenses and plan for future financial needs.
Average Clinton Township Tax Bill
$1,905
Average Oakland County Tax Bill
$3,833
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Clinton Township, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48035 | $1,905 | $1,905 | $1,905 | $1,905 | $1,905 |
Source: Ownwell