Wyandotte, Michigan Property Taxes
The median property tax rate in Wyandotte, MI is 1.42%, considerably higher than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Wyandotte at $151,600, the typical annual property tax bill reaches $2,207, which is below the national median of $2,690. Property taxes in Wyandotte 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 Wyandotte'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 Wyandotte or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wyandotte, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$2,153
$1,998
Ownwell’s Wyandotte Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wyandotte with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wyandotte 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 Wayne County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Wyandotte, Michigan
Property taxes in Wyandotte, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wyandotte is 1.42%, significantly higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Wyandotte set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wyandotte 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 Wyandotte's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48192 zip code has the highest median property tax rate of 1.42%, while the same zip code also has the lowest median tax rate of 1.42%. Understanding how these cities compare with Wyandotte 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 Wyandotte Tax Rate
1.42%
Average Wayne County Tax Rate
1.44%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wyandotte, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48192 | 1.12% | 1.25% | 1.42% | 1.74% | 2.11% |
Source: Ownwell
Property Tax Assessment Values Across Wyandotte, Michigan
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Wyandotte, Michigan. 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. In Wyandotte, 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 Wyandotte helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 48192 has the highest and lowest median tax bill at $2207.
Average Wyandotte Assessed Value
$151,600
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 Wyandotte, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48192 | $109,800 | $129,400 | $151,600 | $184,600 | $229,440 |
Source: Ownwell
Property Tax Bills Across Wyandotte, Michigan
In Wyandotte, located in Wayne County, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Wyandotte is $151,600. The local property tax rate is applied to this assessed value to determine the tax bill. Various factors, such as property improvements and neighborhood changes, can influence the assessed value. Homeowners in Wyandotte can expect their property tax bills to vary. For instance, the tax bill at the 25th percentile is around $1,776, while at the 75th percentile, it reaches approximately $2,863. Those in the 90th percentile see bills as high as $3,723. The highest median tax bill in the area is $2,207, found in the 48192 zip code, which also has the lowest median tax bill at the same amount. These taxes directly impact homeowners' annual budgets, making it crucial to understand how these values are assessed and managed.
Average Wyandotte Tax Bill
$2,207
Average Wayne County Tax Bill
$1,625
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Wyandotte, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48192 | $1,458 | $1,776 | $2,207 | $2,863 | $3,723 |
Source: Ownwell