New Lothrop, Shiawassee County, Michigan Property Taxes
Property Taxes in New Lothrop, Michigan
Median New Lothrop, Michigan effective property tax rate: 1.25%, significantly higher than the national median of 1.02%, and higher than the Michigan state median of 1.05%.
Median New Lothrop, Michigan home value: $204,200
Median annual New Lothrop, Michigan tax bill: $2,567, $167 higher than the national median property tax bill of $2,400.
How are property taxes in Shiawassee calculated?
Property taxes in New Lothrop, Michigan 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 New Lothrop's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New Lothrop, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
New Lothrop, Shiawassee County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.25%
Estimate Property Tax Bill
$2,553
$2,369
How Does the New Lothrop Property Tax Calculator Work?
Use this New Lothrop property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies New Lothrop's median effective tax rate of 1.25% — based on actual property records in Shiawassee County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment system uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies New Lothrop's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within New Lothrop: rates range from 1.25% in 48460 to 1.25% in 48460, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across New Lothrop.
About New Lothrop Property Taxes
About Property Taxes in New Lothrop, Shiawassee, Michigan
New Lothrop's median effective property tax rate of 1.25% is higher than the Michigan state median of 1.05% and higher than the national median of 1.02%. This rate reflects the Shiawassee County base levy combined with local school district levies and Tax increment finance districts that vary by subdivision throughout the city.
Property tax rates are not uniform across New Lothrop. Homeowners in the 48460 ZIP code carry a median effective rate of 1.25%, while those in the same ZIP pay 1.25%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Shiawassee County. Understanding which part of New Lothrop you live in can make a meaningful difference to your annual tax bill.
New Lothrop homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the March 9, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across New Lothrop, Shiawassee County, Michigan
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare New Lothrop's effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S.
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 New Lothrop Tax Rate
1.25%
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 Shiawassee County Tax Rate
1.25%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across New Lothrop, Shiawassee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48460 | 0.94% | 1.12% | 1.25% | 1.47% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across New Lothrop, Shiawassee County, Michigan
When examining property taxes in New Lothrop, Michigan, 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 Shiawassee 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 Shiawassee County, assessment notices are sent in February each year.
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 New Lothrop.
For example, the median home price in New Lothrop is $204,200, with tax bills ranging significantly across the county. 48460 has the highest median home price at $204,200.
Property Tax Assessment Values Across New Lothrop, Shiawassee County, Michigan
Source: Ownwell
$146,800
$200,500
$254,200
Median New Lothrop Market Value
$204,200
Median Shiawassee County Market Value
$175,200
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across New Lothrop, Shiawassee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48460 | $113,960 | $154,000 | $204,200 | $273,900 | $349,800 |
Source: Ownwell
Property Tax Bills Across New Lothrop, Shiawassee County, Michigan
Property tax bills in New Lothrop are based on the assessed value of a home and the local tax rate set by taxing authorities. For a home with a median market value of $204,200, the bill reflects how that value is taxed rather than the purchase price. Local budgets, school funding, and other municipal needs all play a role in determining the final amount.
For many homeowners, the typical property tax bill is $2,567, which is above the national median property tax bill of $2,400. Bills can vary widely, with the 25th percentile at $2,050, the 75th percentile at $3,402, and the 90th percentile at $4,212. That means two homes with similar market values can still have different tax bills depending on exemptions, assessments, and local rates. Higher property taxes can increase monthly housing costs, while lower bills can provide meaningful savings for homeowners.
Median New Lothrop Tax Bill
$2,567
Median Shiawassee County Tax Bill
$2,104
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across New Lothrop, Shiawassee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48460 | $1,542 | $2,050 | $2,567 | $3,402 | $4,212 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 9 |
Links | |
|---|---|
| Shiawassee Tax Assessor | |
| Website | bsaonline.com |