Grosse Pointe Farms, Wayne County, Michigan Property Taxes
Median Grosse Pointe Farms, MI effective property tax rate: 0.95%, slightly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Grosse Pointe Farms, MI home value: $399,400
Median annual Grosse Pointe Farms, MI tax bill: $4,087, $1,687 higher than the national median property tax bill of $2,400.
How are property taxes in Wayne County calculated?
Property taxes in Grosse Pointe Farms, 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 Grosse Pointe Farms’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Grosse Pointe Farms, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Grosse Pointe Farms, Wayne County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.97%
Estimate Property Tax Bill
$4,201
$3,898
$1,102
Average Tax Savings
Property Tax Rates Across Grosse Pointe Farms, Wayne County, Michigan
Local government entities set tax rates, which can vary widely within a state. 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 Grosse Pointe Farms’ effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S.
Grosse Pointe Farms, located in Wayne County, showcases a competitive property tax environment. The city's effective property tax rate is slightly below the national median, making it an attractive location for homeowners seeking financial relief. Compared to the state median, Grosse Pointe Farms also offers a favorable tax rate, providing residents with a balanced approach to property taxation. This makes the city an appealing choice for both current and prospective homeowners. By understanding the local tax landscape, residents can make informed decisions about their property investments and take advantage of potential savings.
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 Grosse Pointe Farms Tax Rate
0.97%
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 Wayne County Tax Rate
1.31%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Grosse Pointe Farms, Wayne County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48230 | 0.78% | 0.81% | 0.88% | 1.10% | 1.25% |
| 48236 | 0.80% | 0.87% | 0.97% | 1.17% | 1.28% |
Source: Ownwell
$1,102
Average Grosse Pointe Farms Tax Savings
Save on Your Property Taxes and More With Ownwell
Property Tax Assessment Values Across Grosse Pointe Farms, Wayne County, Michigan
When examining property taxes in Grosse Pointe Farms, 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 Wayne 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.
In Wayne 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 Grosse Pointe Farms.
For example, the median home price in Grosse Pointe Farms is $399,400, with tax bills ranging significantly across the county. The zip code 48236 has the highest median home price at $402,800.
Property Tax Assessment Values Across Grosse Pointe Farms, Wayne County, Michigan
Source: Ownwell
$33,400
$362,400
$691,400
Median Grosse Pointe Farms Market Value
$433,100
Median Wayne County Market Value
$146,400
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Grosse Pointe Farms, Wayne County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48230 | $315,780 | $353,000 | $391,900 | $431,100 | $466,140 |
| 48236 | $295,160 | $340,000 | $438,200 | $756,750 | $1,153,360 |
Source: Ownwell
$1,102
Average Grosse Pointe Farms Tax Savings
Save on Your Property Taxes and More With Ownwell
Property Tax Bills Across Grosse Pointe Farms, Wayne County, Michigan
In Grosse Pointe Farms, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value. Homeowners in Wayne County typically see tax bills that vary significantly, with the 25th percentile at $3,022 and the 75th percentile reaching $7,135. The median tax bill in the highest zip code, 48236, is $4,142, which is above the national median of $2,400. These variations highlight the impact of differing property values and tax rates on homeowners' expenses.
For homeowners, high property taxes can be a financial burden, especially if their home's assessed value is inaccurately high. This is where Ownwell steps in to help. By providing property tax appeal services, Ownwell assists homeowners in potentially lowering their tax bills. Our team analyzes assessments for inaccuracies and advocates for fair valuations, ensuring that homeowners pay only their fair share. This can lead to significant savings and alleviate the financial strain of property taxes.
Property Tax Bills Across Grosse Pointe Farms, Wayne County, Michigan
Source: Ownwell
$536
$6,143
$11,749
Median Grosse Pointe Farms Tax Bill
$4,467
Median Wayne County Tax Bill
$1,772
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Grosse Pointe Farms, Wayne County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48230 | $2,914 | $3,174 | $3,523 | $4,329 | $4,985 |
| 48236 | $2,707 | $3,302 | $4,535 | $7,834 | $12,126 |
Source: Ownwell
$1,102
Average Grosse Pointe Farms Tax Savings
Save on Your Property Taxes and More With Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 1 |
Links | |
|---|---|
| Wayne Tax Assessor | |
| Website | pta.waynecounty.com |
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