Riverview, Wayne County, Michigan Property Taxes

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

Median Riverview, MI effective property tax rate: 1.34%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Riverview, MI home value: $188,000
Median annual Riverview, MI tax bill: $2,701, $301 higher than the national median property tax bill of $2,400.

How are property taxes in Wayne County calculated?

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

Last Updated March 1, 2025

Riverview, Wayne County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.34%

Estimate Property Tax Bill

$2,519

$2,338

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

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

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

Property Tax Rates Across Riverview, Wayne County, Michigan

Local government entities in Michigan set tax rates, which can vary widely within the state. This variation occurs because each county annually estimates the budget required to provide essential services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these tax rates and budgets, this calculation forms the core of the annual process.

In Riverview, located in Wayne County, the effective property tax rate reflects these calculations. Riverview's rate can be compared to other cities in Michigan, as well as the state's median property tax rate, which stands at 1.34%. This is notably above the national median property tax rate of 1.02%. Property owners in Riverview may find their property tax bills higher than the national median of $2,400 due to these rates. Understanding these local specifics can be crucial for property owners looking to manage their expenses effectively.

Property Tax Rates Across Riverview, Wayne County, Michigan

Source: Ownwell

0.36%

1.48%

2.59%

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 Riverview Tax Rate

1.34%

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 Riverview, Wayne County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48193	1.08%	1.15%	1.34%	1.64%	1.82%

Source: Ownwell

Property Tax Assessment Values Across Riverview, Wayne County, Michigan

When examining property taxes in Riverview, 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 appraisers estimate 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 March. 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 Riverview.

For example, the median home price in Riverview is $188,000, with tax bills ranging significantly across the county. Zip code 48193 has the highest median home price at $188,000.

Property Tax Assessment Values Across Riverview, Wayne County, Michigan

Source: Ownwell

$26,200

$320,700

$615,200

Median Riverview Market Value

$188,000

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 Riverview, Wayne County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48193	$126,400	$143,000	$188,000	$256,200	$305,720

Source: Ownwell

Property Tax Bills Across Riverview, Wayne County, Michigan

Property tax bills in Riverview, located in Wayne County, MI, are determined by assessing the property's market value and applying the local tax rate. With a median home price of $188,000, Riverview homeowners face property tax bills that can vary significantly. For instance, the 25th percentile tax bill is $1,893, while the 75th percentile reaches $3,484, and the 90th percentile can be as high as $4,442. This variation is influenced by factors such as property size, location, and improvements. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Riverview's tax bills can be relatively high, particularly at the upper percentiles. Homeowners in Riverview can benefit from appealing their property tax assessments to potentially lower their tax liability. Ownwell specializes in property tax appeal and exemption services, helping homeowners navigate the complexities of the tax system. By leveraging expert knowledge and local market insights, Ownwell aims to reduce property tax bills, providing significant savings for homeowners.

Property Tax Bills Across Riverview, Wayne County, Michigan

Source: Ownwell

$632

$6,198

$11,764

Median Riverview Tax Bill

$2,701

Median Wayne County Tax Bill

$1,625

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Riverview, Wayne County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48193	$1,518	$1,893	$2,701	$3,484	$4,442

Source: Ownwell