Memphis, Macomb County, Michigan Property Taxes
Median Memphis, MI effective property tax rate: 1.28%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Memphis, MI home value: $150,200
Median annual Memphis, MI tax bill: $2,029, $371 lower than the national median property tax bill of $2,400.
How are property taxes in Macomb calculated?
Property taxes in Memphis, MI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Memphis’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Memphis, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Memphis, Macomb County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.38%
Estimate Property Tax Bill
$2,374
$2,203
$1,102
Average Tax Savings
Ownwell’s Memphis Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Memphis with just two data points.
By entering your property's estimated assessed value, our calculator applies Memphis’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Macomb County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Memphis, Macomb County, Michigan
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Memphis Tax Rate
1.38%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Macomb County Tax Rate
1.32%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Memphis, Macomb County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48041 | 1.05% | 1.24% | 1.38% | 1.76% | 1.96% |
Source: Ownwell
$1,102
Average Memphis Tax Savings
Save on Your Property Taxes and More With Ownwell
Property Tax Assessment Values Across Memphis, Macomb County, Michigan
When examining property taxes in Memphis, MI, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Macomb County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices: In Macomb County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Memphis. For example, the median home price in Memphis is $150,200, with tax bills ranging significantly across the county. 48041 has the highest median home price at $150,200.
Property Tax Assessment Values Across Memphis, Macomb County, Michigan
Source: Ownwell
$113,560
$370,380
$627,200
Median Memphis Market Value
$172,000
Median Macomb County Market Value
$250,200
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Memphis, Macomb County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48041 | $82,380 | $131,700 | $172,000 | $235,600 | $322,720 |
Source: Ownwell
$1,102
Average Memphis Tax Savings
Save on Your Property Taxes and More With Ownwell
Property Tax Bills Across Memphis, Macomb County, Michigan
In Memphis, located in Macomb County, Michigan, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in the area is $150,200, which influences the tax bill amount significantly. Factors such as changes in market conditions and property improvements can affect the assessed value, leading to variations in the tax bill. For instance, tax bills can range from the 25th percentile at $1,543 to the 90th percentile at $3,606. This variability highlights the importance of understanding property assessments and their impact on tax obligations.
Homeowners in Memphis often find their tax bills higher than the national median property tax bill of $2,400, with the highest median tax bill reaching $2,029 in the area. Ownwell assists homeowners by identifying potential savings through tax appeals and exemptions. By analyzing property assessments and providing expert guidance, Ownwell helps ensure that homeowners pay only their fair share, potentially reducing their tax burden and offering peace of mind in managing property taxes effectively.
Median Memphis Tax Bill
$2,475
Median Macomb County Tax Bill
$3,491
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Memphis, Macomb County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48041 | $585 | $1,926 | $2,475 | $3,245 | $4,453 |
Source: Ownwell
$1,102
Average Memphis Tax Savings
Save on Your Property Taxes and More With Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 1 |
Links | |
|---|---|
| Macomb Tax Assessor | |
| Website | gis.macombgov.org |
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