Van Buren Township, Wayne County, Michigan Property Taxes

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

Median Van Buren Township, MI effective property tax rate: 0.77%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%. Median Van Buren Township, MI home value: $249,600. Median annual Van Buren Township, MI tax bill: $1,886, $514 lower than the national median property tax bill of $2,400.

How are property taxes in Wayne County calculated?

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

Last Updated March 1, 2025

Van Buren Township, Wayne County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.77%

Estimate Property Tax Bill

$1,922

$1,783

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

By entering your property's estimated assessed value, our calculator applies VAN BUREN TOWNSHIP’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 Van Buren Township, Wayne County, Michigan

Local government entities are responsible for setting tax rates, which can differ significantly within a state. Each year, counties estimate their budget needs to provide essential services and divide this by the total assessed value of all taxable property within their jurisdiction. This process determines the property tax rate. While votes and legal frameworks play a role in setting these rates and budgets, this is essentially how the annual process unfolds. In Van Buren Township, located in Wayne County, MI, the effective property tax rate is 0.77%. This rate aligns with both the highest and lowest median tax rates within the area, showcasing a uniformity not often seen in other regions. When compared to the national median property tax rate of 1.02%, Van Buren Township's rate is notably lower. This means residents generally face a lighter tax burden compared to the national average, making it an attractive location for property owners seeking affordability in property taxes.

Property Tax Rates Across Van Buren Township, 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 Van Buren Township Tax Rate

0.77%

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 Van Buren Township, Wayne County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48111	0.58%	0.66%	0.77%	0.93%	1.05%

Source: Ownwell

Property Tax Assessment Values Across Van Buren Township, Wayne County, Michigan

When examining property taxes in Van Buren Township, 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.

In Wayne County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Van Buren Township.

For example, the median home price in Van Buren Township is $249,600, with tax bills ranging significantly across the county. Zip code 48111 has the highest median home price at $249,600.

Property Tax Assessment Values Across Van Buren Township, Wayne County, Michigan

Source: Ownwell

$26,200

$320,700

$615,200

Median Van Buren Township Market Value

$249,600

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 Van Buren Township, Wayne County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48111	$124,400	$166,400	$249,600	$314,000	$380,600

Source: Ownwell

Property Tax Bills Across Van Buren Township, Wayne County, Michigan

In Van Buren Township, located in Wayne County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is typically a percentage of the property's market value. The median home price in the area is $249,600, which influences the assessed value and, consequently, the property tax bill. Homeowners in Van Buren Township can expect a median tax bill of $1,886, which is below the national median property tax bill of $2,400. However, tax bills can vary significantly, with the 25th percentile at $1,308 and the 90th percentile reaching $3,260. These variations depend on factors such as property size, location, and any applicable exemptions. For homeowners looking to reduce their property tax burden, Ownwell offers services to appeal and potentially lower assessed values, ensuring clients do not overpay. By leveraging local expertise and understanding of tax regulations, Ownwell helps homeowners achieve significant savings on their property tax bills.

Property Tax Bills Across Van Buren Township, Wayne County, Michigan

Source: Ownwell

$632

$6,198

$11,764

Median Van Buren Township Tax Bill

$1,886

Median Wayne County Tax Bill

$1,625

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Van Buren Township, Wayne County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48111	$912	$1,308	$1,886	$2,555	$3,260

Source: Ownwell