Livonia, Michigan Property Taxes
The median property tax rate in Livonia, MI is 0.78%, which is lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $246,200 in Livonia, the typical annual property tax bill amounts to $2,023, falling below the national median of $2,690. Property taxes in Livonia are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Livonia'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 Livonia 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
Livonia, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$1,920
$1,782
Ownwell’s Livonia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Livonia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Livonia 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 Livonia, Michigan
Property taxes in Livonia, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Livonia is 0.78%, which is lower than the Michigan state median but still falls below the U.S. national median of 0.99%. Local government entities within Livonia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Livonia 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 Livonia's effective property tax rate to other areas in Wayne County and the national median. For comparison, the 48152 zip code has the highest median property tax rate of 0.81%, while the 48154 zip code has the lowest median tax rate of 0.76%. Understanding how these cities compare with Livonia 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 Livonia Tax Rate
0.78%
Average Wayne County Tax Rate
1.44%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Livonia, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48150 | 0.66% | 0.70% | 0.78% | 0.97% | 1.07% |
| 48152 | 0.61% | 0.70% | 0.81% | 0.99% | 1.11% |
| 48154 | 0.67% | 0.70% | 0.76% | 0.94% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Livonia, Michigan
In Livonia, 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 Wayne 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 Livonia, 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. For instance, the highest median tax bill in Livonia is $2,203 in the 48152 zip code, while the lowest median tax bill is $1,736 in the 48150 zip code. 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 Livonia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Livonia Assessed Value
$246,200
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 Livonia, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48150 | $162,200 | $193,000 | $215,400 | $244,000 | $291,500 |
| 48152 | $137,400 | $188,900 | $262,600 | $348,800 | $417,400 |
| 48154 | $200,600 | $232,000 | $269,000 | $313,600 | $355,800 |
Source: Ownwell
Property Tax Bills Across Livonia, Michigan
Property tax bills in Livonia, Wayne County, MI, are calculated based on the assessed value of a property, which is determined by the local assessor's office. This assessed value is a percentage of the property's market value, reflecting its worth in the current real estate market. Homeowners in Livonia can expect their property tax bills to vary significantly depending on their property's assessed value and the specific tax rate applied by local taxing authorities. Homeowners in Livonia typically see a median property tax bill around $2,203 in the 48152 zip code, with lower median bills around $1,736 in the 48150 zip code. The tax bill can range widely, with the 25th percentile paying approximately $1,577 and the 75th percentile paying about $2,613. At the 90th percentile, tax bills can reach up to $3,371. Compared to the national median property tax rate of 0.99%, Livonia's rates can have a substantial impact on homeowners' annual expenses, influencing their overall cost of living and financial planning.
Average Livonia Tax Bill
$2,023
Average Wayne County Tax Bill
$1,625
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Livonia, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48150 | $1,193 | $1,452 | $1,736 | $2,171 | $2,646 |
| 48152 | $1,028 | $1,495 | $2,203 | $3,088 | $4,037 |
| 48154 | $1,485 | $1,770 | $2,147 | $2,640 | $3,205 |
Source: Ownwell