ROI Math

Property tax estimate

Michigan Property Tax Calculator

Estimate annual and monthly property taxes in Michiganusing the state's 2024 average effective rate of 1.19% for owner-occupied housing. Enter a home value below to see an instant baseline estimate — free and with no sign-up.

Data updated 2026-06-14 · 2020–2024 ACS 5-year estimates

Michigan Property Tax Calculator
2024 owner-occupied benchmark: 1.19%.
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Michigan's Proposal A caps taxable-value growth at the lower of inflation or 5% until a property changes ownership.
Annual estimate
$5,950
Monthly estimate
$496

How to calculate property taxes in Michigan

To estimate property taxes in Michigan, multiply the home value by the local property tax rate. This page applies the state average effective owner-occupied rate of 1.19%, so a home valued at $500,000 produces a baseline annual estimate of $5,950.

Michigan's Proposal A caps taxable-value growth at the lower of inflation or 5% until a property changes ownership.

Actual tax bills can include county, city, school district, property classification, exemption, and assessment rules, so investors should verify the final number with the local assessor before closing.

Comparing returns across markets? Use the cap rate calculator and cash-on-cash return calculator, which let you include property taxes as an operating expense.

Michigan property tax FAQ

What is the average property tax rate in Michigan?

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The 2024 ACS average effective property tax rate for owner-occupied housing in Michigan is about 1.19%, which is above the U.S. benchmark of roughly 0.94%. Your local rate may differ by county, city, property classification, and exemptions.

How much is property tax on a $400,000 home in Michigan?

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Using Michigan's 2024 owner-occupied benchmark of 1.19%, a $400,000 home produces a baseline estimate of $4,760 per year, or roughly $397 per month. Actual bills vary with local rates, property classification, and exemptions.

How do I calculate property tax in Michigan?

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Multiply your home's value by the applicable local effective property tax rate. This calculator applies Michigan's 2024 owner-occupied benchmark of 1.19%, but you should confirm the exact county, city, school district, property classification, and exemptions with your local assessor.

Property tax calculators for other states

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This estimate uses Michigan's average effective property tax rate for owner-occupied housing and is for educational purposes only — not tax advice. Rental and commercial property may be taxed differently. Confirm your exact rate, classification, and exemptions with your local assessor.