Northville, Michigan Property Taxes
The median property tax rate in Northville, MI is 1.46%, considerably higher than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Northville at $365,240, the typical annual property tax bill reaches $5,548, exceeding the national median of $2,690. Property taxes in Northville 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 Northville'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 Northville 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
Northville, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.46%
Estimate Property Tax Bill
$5,333
$4,948
Ownwell’s Northville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Northville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Northville 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 Northville, Michigan
Property taxes in Northville, Michigan, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Northville is 1.46%, significantly higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Northville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Northville 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 Northville's effective property tax rate to other counties in Michigan and the national median. For comparison, the zip code 48167 has the highest median property tax rate of 1.46%, while the same zip code also has the lowest median tax rate of 1.46%. Understanding how these cities compare with Northville provides valuable insights into the varying tax landscape across Oakland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Northville Tax Rate
1.46%
Average Oakland County Tax Rate
1.37%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Northville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48167 | 1.01% | 1.16% | 1.46% | 1.70% | 2.01% |
Source: Ownwell
Property Tax Assessment Values Across Northville, Michigan
In Northville, 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 Oakland 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 Northville, 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 Northville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Northville is $365,240, with property tax bills ranging from $3,786 at the 25th percentile to $12,036 at the 90th percentile. The zip code 48167 has the highest and lowest median tax bill, both at $5,548.
Average Northville Assessed Value
$365,240
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 Northville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48167 | $172,320 | $256,220 | $365,240 | $524,000 | $793,224 |
Source: Ownwell
Property Tax Bills Across Northville, Michigan
In Northville, located in Oakland County, MI, property tax bills are calculated based on the assessed value of a home, which is typically around 50% of its market value. For a median home price of $365,240, the assessed value would be approximately $182,620. The local tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors influence the final tax bill, including local tax rates, which can vary by municipality, and any applicable exemptions or deductions. For example, in Northville, the 25th percentile of tax bills is around $3,786, while the 75th percentile reaches up to $7,944. The highest median tax bill in the area is $5,548, found in the 48167 zip code. These property taxes significantly impact homeowners, influencing their overall cost of living and potentially affecting their decision to buy or sell property. Compared to the national median property tax rate of 0.99%, Northville's rates reflect the local economic conditions and public service funding needs.
Average Northville Tax Bill
$5,548
Average Oakland County Tax Bill
$3,833
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Northville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48167 | $2,278 | $3,786 | $5,548 | $7,944 | $12,036 |
Source: Ownwell