The average effective property tax rate in Michigan is 1.25% of a home's value per year. On a Michigan home worth $240,000, that is about $3,000 in property tax a year, or $250 a month.
Estimate using Michigan's average effective rate. Your county's exact rate may differ — check your local assessor. See the full Michigan mortgage calculator for a complete PITI payment.
Property tax in Michigan is a local tax based on the assessed value of your home and land. The average effective rate — the tax actually paid as a share of market value — is about 1.25% statewide, though the real figure depends on your county, school district and any special levies. On the median Michigan home of roughly $240,000, that works out to about $3,000 a year. Most homeowners pay it monthly through an escrow account bundled into their mortgage payment.
Multiply your home's value by the effective rate. For example, a $240,000 home at 1.25% owes 240,000 × 1.25% = $3,000 per year. Enter your own home value above to get a personalised estimate, then confirm the exact local millage with your county assessor's office for budgeting.
Michigan's 1.25% effective rate sits close to the US average of about 1.1%, so the bill scales fairly predictably with home value. The table below estimates the annual and monthly bill at Michigan's 1.25% average effective rate across common home values.
| Home value | Annual property tax | Monthly |
|---|---|---|
| $200,000 | $2,500 | $208 |
| $350,000 | $4,375 | $365 |
| $500,000 | $6,250 | $521 |
| $750,000 | $9,375 | $781 |
| $1,000,000 | $12,500 | $1,042 |
Estimates at the statewide average effective rate; your county's millage, exemptions (such as a homestead exemption), and assessment ratio will change the exact figure.
Property tax is one piece of the picture. See your full housing cost with the Michigan mortgage calculator, your take-home pay with the Michigan income tax calculator, and local Michigan sales tax.
Michigan's average effective property tax rate is about 1.25% of the home's market value per year. Your exact rate depends on your county, city and local levies.
At Michigan's average rate of 1.25%, a $240,000 home owes roughly $3,000 a year (about $250 a month). Use the calculator above for your own home value.
Property tax = assessed home value × the local tax rate. Enter your home value above and we apply Michigan's average effective rate; check your county assessor for the exact local millage.
Due dates vary by county — many bill annually or semi-annually, and lenders often collect it monthly through an escrow account alongside your mortgage payment.