Gibraltar, Wayne County, Michigan Property Taxes
Median Gibraltar, MI effective property tax rate: 1.31%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Gibraltar, MI home value: $183,800
Median annual Gibraltar, MI tax bill: $2,769, $369 higher than the national median property tax bill of $2,400.
How are property taxes in Wayne calculated?
Property taxes in Gibraltar, 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 Gibraltar’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gibraltar, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gibraltar, Wayne County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.31%
Estimate Property Tax Bill
$2,408
$2,234
Property Tax Rates Across Gibraltar, Wayne County, Michigan
Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each county estimates its necessary budget to fund services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While the process involves votes and laws, this is the annual procedure in brief.
In Gibraltar, located in Wayne County, Michigan, taxpayers encounter a property tax rate of 1.31%, which is noticeably higher than the national median of 1.02%. This rate is consistent across the county, as Gibraltar shares the same rate with other areas in the 48173 zip code. Compared to the national median property tax bill of $2400, residents in Gibraltar may find themselves paying more due to the elevated tax rate.
Understanding these rates and how they compare to both state and national figures can empower property owners to make informed decisions about appealing their property taxes or seeking exemptions. It's crucial for residents to be aware of how their local tax rates stack up against broader averages, potentially uncovering opportunities for savings.
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 Gibraltar Tax Rate
1.31%
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 Wayne County Tax Rate
1.44%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Gibraltar, Wayne County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48173 | 1.07% | 1.16% | 1.31% | 1.60% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Gibraltar, Wayne County, Michigan
When examining property taxes in Gibraltar, 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 Wayne 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 Wayne 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 Gibraltar.
For example, the median home price in Gibraltar is $183,800, with tax bills ranging significantly across the county. Zip code 48173 has the highest median home price at $183,800.
Property Tax Assessment Values Across Gibraltar, Wayne County, Michigan
Source: Ownwell
$26,200
$320,700
$615,200
Median Gibraltar Market Value
$183,800
Median Wayne County Market Value
$126,800
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Gibraltar, Wayne County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48173 | $1,660 | $127,850 | $183,800 | $288,650 | $396,600 |
Source: Ownwell
Property Tax Bills Across Gibraltar, Wayne County, Michigan
Median Gibraltar Tax Bill
$2,769
Median Wayne County Tax Bill
$1,625
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Gibraltar, Wayne County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48173 | $1,267 | $1,951 | $2,769 | $3,968 | $5,558 |
Source: Ownwell