Property Tax Rates & Rules
Michigan has an average effective property tax rate of 1.25%, making it a mid-range property tax state. On a median-valued home of $235,000, the typical annual property tax bill is $2,937. Homeowners may qualify for a homestead exemption, which can reduce the taxable value of a primary residence. Principal Residence Exemption (PRE) exempts up to 18 mills of school tax. Senior citizens may qualify for additional exemptions or tax relief programs. If you believe your property is over-assessed, you have the right to appeal.
Assessment Method
State Equalized Value (SEV) is 50% of market value; taxable value growth capped at 5%.
Homestead Exemption Details
Principal Residence Exemption (PRE) exempts up to 18 mills of school tax.
Senior Exemption Details
Homestead Property Tax Credit for seniors based on income vs. tax paid.
How to Appeal Your Assessment
Board of Review meetings held in March annually.
What is the property tax rate in Michigan?
Michigan has an average effective property tax rate of 1.25%. On a home valued at $235,000, the typical annual property tax bill is approximately $2,937. Rates vary by county — Ingham has the highest rates while Leelanau has the lowest.
Does Michigan have a homestead exemption?
Yes. Michigan offers a homestead exemption for primary residences. Principal Residence Exemption (PRE) exempts up to 18 mills of school tax.
How is property assessed in Michigan?
Michigan assesses property at 50%. State Equalized Value (SEV) is 50% of market value; taxable value growth capped at 5%. The assessed value is then multiplied by the local mill rate to determine your property tax bill.
How do I appeal my property tax assessment in Michigan?
Board of Review meetings held in March annually.
Are there senior property tax exemptions in Michigan?
Yes. Michigan offers property tax relief for senior citizens. Homestead Property Tax Credit for seniors based on income vs. tax paid.
When are property taxes due in Michigan?
Michigan property taxes are paid on a Summer (July) and Winter (December) installments.. Contact your county tax collector for exact due dates and payment options for your area.
How does Michigan property tax compare to neighboring states?
Michigan's average effective rate of 1.25% is close to the national average of approximately 1.1%. Use the comparison table above to see how neighboring states compare.
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Official Source
Michigan Tax Authority
Last verified: 2026-03-31 · Always confirm current rates before making real estate decisions.