Macomb, Michigan Property Taxes
The median property tax rate in Macomb, MI is 0.17%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Macomb at $146,000, the typical annual property tax bill is $246, well below the national median of $2,690. Property taxes in Macomb are calculated based on the tax-assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Macomb's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Macomb or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Macomb, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.17%
Estimate Property Tax Bill
$248
$230
Ownwell’s Macomb Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Macomb with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Macomb 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 Macomb, Michigan
Property taxes in Macomb, Michigan, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Macomb is 1.52%, significantly higher than both the Michigan state median of 1.46% and the U.S. national median of 0.99%. Local government entities within Macomb set these rates annually, and they can vary considerably across different neighborhoods. Each year, Macomb 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 Macomb's effective property tax rate to other counties in Michigan and the national median. For comparison, 48042 has the highest median property tax rate of 1.92%, while 48044 has the lowest median tax rate of 1.52%. Understanding how these cities compare with Macomb 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 Macomb Tax Rate
0.17%
Average Washtenaw County Tax Rate
1.22%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Macomb, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48042 | 0.17% | 0.17% | 0.17% | 0.17% | 0.17% |
Source: Ownwell
Property Tax Assessment Values Across Macomb, Michigan
In Macomb, 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 Macomb, 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 Macomb 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 48042, which is also the same for the lowest median tax bill, both standing at $246.
Average Macomb Assessed Value
$146,000
Average Washtenaw County Assessed Value
$319,000
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Macomb, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48042 | $146,000 | $146,000 | $146,000 | $146,000 | $146,000 |
Source: Ownwell
Property Tax Bills Across Macomb, Michigan
In Macomb, MI, property tax bills are calculated based on the assessed value of a property, which is typically 50% of its market value. For a median home price of $146,000, the assessed value would be approximately $73,000. The property tax rate in Macomb is a fixed percentage applied to this assessed value, resulting in the annual tax bill. Factors such as local government budgets, school district funding, and public services influence this rate. Homeowners in Macomb can expect a median tax bill around $246, which is significantly lower than the national median property tax rate of 0.99%. This lower tax burden can make homeownership more affordable and attractive in Macomb compared to other regions. However, it's important for homeowners to stay informed about potential changes in local tax rates and reassessments that could affect their future tax bills. Understanding these factors can help homeowners better manage their expenses and plan for any financial impacts.
Average Macomb Tax Bill
$246
Average Washtenaw County Tax Bill
$4,022
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Macomb, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48042 | $246 | $246 | $246 | $246 | $246 |
Source: Ownwell