Sumpter Township, Michigan Property Taxes
The median property tax rate in Sumpter Township, MI is 0.36%, considerably lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Sumpter Township at $221,200, the typical annual property tax bill is $840, which is significantly below the national median of $2,690. Property taxes in Sumpter Township 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 Sumpter Township'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 Sumpter Township or another part of Wayne County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sumpter Township, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.36%
Estimate Property Tax Bill
$796
$739
Ownwell’s Sumpter Township Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sumpter Township with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sumpter Township 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 Sumpter Township, Michigan
Property taxes in Sumpter Township, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sumpter Township is 2.06%, significantly higher than both the Michigan state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Sumpter Township set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sumpter Township 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 Sumpter Township's effective property tax rate to other counties in Michigan and the national median. For comparison, Detroit has the highest median property tax rate of 3.81%, while Grand Rapids has the lowest median tax rate of 1.41%. Understanding how these cities compare with Sumpter Township 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 Sumpter Township Tax Rate
0.36%
Average Wayne County Tax Rate
1.44%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sumpter Township, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48111 | 0.28% | 0.32% | 0.36% | 0.46% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Sumpter Township, Michigan
In Sumpter Township, 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. 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 Sumpter Township helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 48111 has the highest and lowest median tax bill, both at $840.
Property Tax Assessment Values Across Sumpter Township, Michigan
Source: Ownwell
$7,000
$311,100
$615,200
Average Sumpter Township Assessed Value
$221,200
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 Sumpter Township, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48111 | $145,000 | $172,600 | $221,200 | $283,200 | $370,800 |
Source: Ownwell
Property Tax Bills Across Sumpter Township, Michigan
In Sumpter Township, MI, property tax bills are calculated based on the assessed value of a home, which is typically 50% of its market value. For instance, with a median home price of $221,200, the assessed value would be approximately $110,600. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the market value of the property, local tax rates, and any applicable exemptions. Homeowners in Sumpter Township can expect tax bills that vary widely. At the 25th percentile, tax bills are around $633, while at the 75th percentile, they rise to about $1,097. The 90th percentile sees tax bills reaching up to $1,625. Compared to the national median property tax rate of 0.99%, Sumpter Township’s tax rates reflect the local economic conditions and public service funding needs. These property taxes significantly impact homeowners by influencing their overall housing costs and potentially their decisions to buy or sell property in the area.
Average Sumpter Township Tax Bill
$840
Average Wayne County Tax Bill
$1,625
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Sumpter Township, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48111 | $478 | $633 | $840 | $1,097 | $1,625 |
Source: Ownwell