$
Annual Tax
$2,348
1.19%
Effective Rate
Monthly Tax
$196
Assessed Value
$98,647
Taxable Value
$98,647
Summary
A $197,293 home in Michigan has an estimated annual property tax of $2,348 (1.19% effective rate).
Michigan's 1.19% effective property tax rate ranks #14 nationally (1 = highest).
Michigan assesses property at 50.0% of market value.
Your estimated monthly property tax is $196.
Property Tax Calculation Breakdown
6 rows
| Step | Amount |
|---|---|
| Home Market Value | $197,293 |
| × Assessment Ratio (50.0%) | $98,647 |
| = Taxable Value | $98,647 |
| × Tax Rate (2.3800%) | |
| = Annual Property Tax | $2,348 |
| ÷ 12 = Monthly Tax | $196 |
Property tax rates are statewide average effective rates based on 2025 data from the Tax Foundation and ACS. Actual taxes vary significantly by county, city, and school district. Contact your local assessor for exact figures. Not tax advice.