Romulus, Wayne County, Michigan Property Taxes

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

Median Romulus, MI effective property tax rate: 1.27%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Romulus, MI home value: $156,600
Median annual Romulus, MI tax bill: $2,071, $329 lower than the national median property tax bill of $2,400.

How are property taxes in Wayne calculated?

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

Last Updated March 1, 2025

Romulus, Wayne County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.27%

Estimate Property Tax Bill

$1,989

$1,846

Ownwell’s Romulus Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Romulus with just two data points. By entering your property's estimated assessed value, our calculator applies Romulus’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 Romulus, Wayne County, Michigan

Local government entities have the authority to set tax rates, which can vary widely within Michigan. This is because each county annually estimates its required budget to provide essential services and divides that 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 tax rates and budgets, this is essentially the annual process. In Romulus, located in Wayne County, the effective property tax rate is 1.27%. This stands out when compared to the national median property tax rate of 1.02%. The median property tax bill in Romulus is significantly impacted by this rate, especially when compared to the national median property tax bill of $2,400. Understanding these comparisons can help property owners in Romulus make informed decisions about their property taxes and explore potential savings through appeals or exemptions.

Property Tax Rates Across Romulus, 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 Romulus Tax Rate

1.27%

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 Romulus, Wayne County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48174	0.82%	1.04%	1.27%	1.66%	2.12%

Source: Ownwell

Property Tax Assessment Values Across Romulus, Wayne County, Michigan

When examining property taxes in Romulus, 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. Assessment notices: 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 Romulus. For example, the median home price in Romulus is $156,600, with tax bills ranging significantly across the county. 48174 has the highest median home price at $156,600.

Property Tax Assessment Values Across Romulus, Wayne County, Michigan

Source: Ownwell

$26,200

$320,700

$615,200

Median Romulus Market Value

$156,600

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 Romulus, Wayne County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48174	$88,000	$122,600	$156,600	$234,200	$292,400

Source: Ownwell

Property Tax Bills Across Romulus, Wayne County, Michigan

In Romulus, MI, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, and in Wayne County, this determines the homeowner's tax obligation. Factors such as the home's location, size, and improvements can influence the assessed value. The median tax bill in Romulus stands at $2,071, which is below the national median of $2,400. However, some homeowners face tax bills as high as $3,923, depending on their property's assessed value and location within the city.

High property taxes can significantly impact homeowners, increasing their monthly financial burden. This is where Ownwell steps in, offering expert property tax appeal and exemption services. By analyzing property assessments and ensuring they reflect true market values, Ownwell helps homeowners potentially reduce their tax bills. With Ownwell's assistance, homeowners in Romulus can navigate the complexities of property tax assessments and secure savings, alleviating some of the financial pressures associated with homeownership.

Property Tax Bills Across Romulus, Wayne County, Michigan

Source: Ownwell

$632

$6,198

$11,764

Median Romulus Tax Bill

$2,071

Median Wayne County Tax Bill

$1,625

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Romulus, Wayne County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48174	$1,022	$1,541	$2,071	$2,806	$3,923

Source: Ownwell