Ypsilanti, Washtenaw County, Michigan Property Taxes

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

Median Ypsilanti, MI effective property tax rate: 1.21%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Ypsilanti, MI home value: $215,000
Median annual Ypsilanti, MI tax bill: $2,974, $574 higher than the national median property tax bill of $2,400.

How are property taxes in Washtenaw calculated?

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

Last Updated March 1, 2025

Ypsilanti, Washtenaw County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.21%

Estimate Property Tax Bill

$2,602

$2,414

Ownwell’s Ypsilanti Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ypsilanti with just two data points.

By entering your property's estimated assessed value, our calculator applies Ypsilanti’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 Washtenaw County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Ypsilanti, Washtenaw County, Michigan

Local government entities determine property tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates the budget necessary to provide services and divides it by the total value of all taxable property within its jurisdiction. This process results in the property tax rate. Although votes and laws influence the setting of tax rates and budgets, this is essentially the annual process.

In Ypsilanti, located in Washtenaw County, the effective property tax rate is an example of how tax rates can differ within a state. The area has a median property tax rate of 1.21%, which is higher than the national median of 1.02%. Within Ypsilanti, the highest median tax rate can be found in the 48198 zip code at 1.24%, while the lowest is in the 48197 zip code at 1.19%. By comparing these figures, you can see how Ypsilanti's property tax rate stands in contrast to other cities in Michigan and the national median.

Property Tax Rates Across Ypsilanti, Washtenaw County, Michigan

Source: Ownwell

0.35%

1.03%

1.71%

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 Ypsilanti Tax Rate

1.21%

Median Effective Washtenaw County Tax Rate

1.22%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Ypsilanti, Washtenaw County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48197	0.84%	0.93%	1.19%	1.61%	2.34%
48198	0.72%	0.99%	1.24%	1.67%	1.94%

Source: Ownwell

Property Tax Assessment Values Across Ypsilanti, Washtenaw County, Michigan

When examining property taxes in Ypsilanti, MI, 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 Washtenaw 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.

In Washtenaw County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Ypsilanti.

For example, the median home price in Ypsilanti is $215,000, with tax bills ranging significantly across the county. Zip code 48197 has the highest median home price at $259,600.

Property Tax Assessment Values Across Ypsilanti, Washtenaw County, Michigan

Source: Ownwell

$160,400

$540,000

$919,600

Median Ypsilanti Market Value

$215,000

Median Washtenaw County Market Value

$319,000

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Ypsilanti, Washtenaw County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48197	$97,600	$197,800	$259,600	$323,200	$389,160
48198	$102,400	$127,400	$160,400	$207,000	$292,200

Source: Ownwell

Property Tax Bills Across Ypsilanti, Washtenaw County, Michigan

In Ypsilanti, located in Washtenaw County, MI, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. With a median home price of $215,000, the property tax bill can vary significantly. For instance, the 25th percentile tax bill is $2,099, while the 75th percentile tax bill reaches $4,152, and the 90th percentile hits $5,609. The highest median tax bill in the area is $3,220 in the 48197 zip code, while the lowest is $2,408 in the 48198 zip code. These figures highlight the variability in tax bills, which can impact homeowners' finances considerably. Given that the national median property tax rate is 1.02%, homeowners in Ypsilanti may find themselves paying higher than average tax bills. Ownwell can assist homeowners by appealing their property assessments, potentially lowering their tax obligations. By analyzing local market trends and comparable properties, Ownwell helps ensure that homeowners pay no more than their fair share, providing peace of mind and potential savings.

Property Tax Bills Across Ypsilanti, Washtenaw County, Michigan

Source: Ownwell

$737

$5,619

$10,500

Median Ypsilanti Tax Bill

$2,974

Median Washtenaw County Tax Bill

$4,022

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Ypsilanti, Washtenaw County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48197	$1,786	$2,410	$3,220	$4,396	$5,882
48198	$1,057	$1,575	$2,408	$3,601	$5,117

Source: Ownwell