Taylor, Wayne County, Michigan Property Taxes
Median Taylor, 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 Taylor, MI home value: $135,400
Median annual Taylor, MI tax bill: $1,894, $506 lower than the national median property tax bill of $2,400.
How are property taxes in Wayne calculated?
Property taxes in Taylor, 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 Taylor’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Taylor, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Taylor, Wayne County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.34%
Estimate Property Tax Bill
$1,814
$1,684
Property Tax Rates Across Taylor, Wayne County, Michigan
Local government entities set tax rates, leading to significant variations within a state. Each year, counties estimate their required budget to provide services and divide this by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
For instance, in Taylor, located in Wayne County, Michigan, the effective property tax rate is 1.34%. This rate is higher than the national median property tax rate of 1.02%, indicating a more substantial property tax burden compared to the national average. The median property tax bill in Taylor is influenced by this rate, which is above the national median of $2400.
When comparing Taylor’s effective property tax rate to other cities in Michigan, it aligns with the highest median tax rate within the state. This suggests that property owners in Taylor may face higher property taxes compared to other regions. Understanding these variations can help property owners make informed decisions regarding property tax appeals and exemptions.
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 Taylor Tax Rate
1.34%
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 Taylor, Wayne County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48180 | 1.11% | 1.18% | 1.34% | 1.74% | 2.07% |
Source: Ownwell
Property Tax Assessment Values Across Taylor, Wayne County, Michigan
When examining property taxes in Taylor, 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 Taylor. For example, the median home price in Taylor is $135,400, with tax bills ranging significantly across the county. 48180 has the highest median home price at $135,400.
Property Tax Assessment Values Across Taylor, Wayne County, Michigan
Source: Ownwell
$26,200
$320,700
$615,200
Median Taylor Market Value
$135,400
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 Taylor, Wayne County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48180 | $84,400 | $105,200 | $135,400 | $167,200 | $208,200 |
Source: Ownwell
Property Tax Bills Across Taylor, Wayne County, Michigan
Median Taylor Tax Bill
$1,894
Median Wayne County Tax Bill
$1,625
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Taylor, Wayne County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48180 | $1,192 | $1,508 | $1,894 | $2,427 | $3,227 |
Source: Ownwell