Dearborn Heights, Michigan Property Taxes
The median property tax rate in Dearborn Heights, MI is 1.16%, which is considerably higher than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Dearborn Heights at $157,400, the typical annual property tax bill reaches $1,907, exceeding the national median of $2,690. Property taxes in Dearborn Heights 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 Dearborn Heights' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Dearborn Heights 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
Dearborn Heights, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$1,826
$1,694
Ownwell’s Dearborn Heights Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dearborn Heights with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dearborn Heights 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 Dearborn Heights, Michigan
Property taxes in Dearborn Heights, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dearborn Heights is 1.16%, higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Dearborn Heights set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dearborn Heights 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 Dearborn Heights' effective property tax rate to other areas in Wayne County and the national median. For comparison, the 48125 zip code has the highest median property tax rate of 1.25%, while the 48127 zip code has the lowest median tax rate of 1.09%. Understanding how these areas compare with Dearborn Heights provides valuable insights into the varying tax landscape across Wayne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dearborn Heights Tax Rate
1.16%
Average Wayne County Tax Rate
1.44%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dearborn Heights, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48125 | 1.00% | 1.05% | 1.25% | 1.56% | 1.96% |
| 48127 | 0.88% | 0.95% | 1.09% | 1.44% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Dearborn Heights, Michigan
In Dearborn Heights, 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 Wayne 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 Dearborn Heights, 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 Dearborn Heights helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $2,318 in the 48127 zip code, while the lowest is $1,498 in the 48125 zip code.
Property Tax Assessment Values Across Dearborn Heights, Michigan
Source: Ownwell
$7,000
$311,100
$615,200
Average Dearborn Heights Assessed Value
$157,400
Average Wayne County Assessed Value
$126,800
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dearborn Heights, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48125 | $86,600 | $98,400 | $117,000 | $140,550 | $165,820 |
| 48127 | $135,200 | $158,400 | $195,000 | $269,400 | $386,000 |
Source: Ownwell
Property Tax Bills Across Dearborn Heights, Michigan
In Dearborn Heights, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value, and this percentage can vary. Local tax rates are influenced by the funding needs of public services like schools, infrastructure, and emergency services. For instance, in Wayne County, where Dearborn Heights is located, the median home price is $157,400. Homeowners in Dearborn Heights can expect tax bills to vary significantly. The 25th percentile tax bill is around $1,457, while the 75th percentile reaches $2,813. For those in the 90th percentile, tax bills can soar to $4,109. Notably, the highest median tax bill in the city is $2,318 in the 48127 zip code, whereas the lowest median tax bill is $1,498 in the 48125 zip code. These property taxes impact homeowners by contributing to the overall cost of homeownership, influencing decisions on buying or selling property, and affecting disposable income. Compared to the national median property tax rate of 0.99%, Dearborn Heights presents a varied landscape for property tax obligations.
Average Dearborn Heights Tax Bill
$1,907
Average Wayne County Tax Bill
$1,625
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Dearborn Heights, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48125 | $1,032 | $1,215 | $1,498 | $1,973 | $2,670 |
| 48127 | $1,450 | $1,708 | $2,318 | $3,362 | $4,943 |
Source: Ownwell