Superior Township, Michigan Property Taxes
The median property tax rate in Superior Township, MI is 1.10%, higher than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Superior Township, the typical annual property tax bill reaches $10,500, significantly exceeding the national median of $2,690. Property taxes in Superior Township 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 Superior 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 Superior Township 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
Superior Township, Michigan Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$2,140
Ownwell’s Superior Township Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Superior Township with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Superior Township to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available further down the page. Your property’s assessed value is determined by the county for tax calculations, considering any applicable exemptions.
Property Tax Rates Across Superior Township, Michigan
Property taxes in Superior Township, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Superior Township is 1.10%, higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Superior Township set these rates annually, and they can vary significantly across different neighborhoods. Each year, Superior 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 Superior Township's effective property tax rate to other areas in Michigan and the national median. For comparison, the 48198 zip code has the highest median property tax rate of 1.10%, while the same zip code also has the lowest median tax rate of 1.10%. Understanding how these areas compare with Superior Township provides valuable insights into the varying tax landscape across Washtenaw County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Superior Township Tax Rate
1.10%
Average Washtenaw County Tax Rate
1.22%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Superior Township, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48198 | 1.02% | 1.03% | 1.10% | 1.20% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Superior Township, Michigan
In Superior 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 Washtenaw 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 Superior 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 Superior 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 48198, with a median tax bill of $10,500, while the lowest median tax bill is also in 48198, at $10,500.
Property Tax Assessment Values Across Superior Township, Michigan
Source: Ownwell
$146,000
$532,800
$919,600
Average Superior Township Assessed Value
$919,600
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 Superior Township, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48198 | $728,240 | $842,800 | $919,600 | $1,040,850 | $1,229,420 |
Source: Ownwell
Property Tax Bills Across Superior Township, Michigan
In Superior Township, Washtenaw County, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in the area stands at $919,600. Homeowners can expect tax bills that vary significantly, with the 25th percentile at $8,936, the 75th percentile at $12,194, and the 90th percentile reaching up to $15,308. Several factors influence the property tax bill, including the local tax rate and any applicable exemptions. The local tax rate is applied to the assessed value to determine the annual tax obligation. Compared to the national median property tax rate of 0.99%, Superior Township's property taxes can be quite substantial, impacting homeowners' financial planning and overall housing costs. Understanding these factors is crucial for homeowners to anticipate their tax liabilities accurately and manage their finances effectively. The highest and lowest median tax bills in the area are both reported at $10,500 in the 48198 zip code, highlighting the variability within the township.
Average Superior Township Tax Bill
$10,500
Average Washtenaw County Tax Bill
$4,022
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Superior Township, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48198 | $7,972 | $8,936 | $10,500 | $12,194 | $15,308 |
Source: Ownwell