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Grosse Pointe Park, Wayne County, Michigan Property Taxes

  • Median Grosse Pointe Park, MI effective property tax rate: 0.94%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.

  • Median Grosse Pointe Park, MI home value: $419,000

  • Median annual Grosse Pointe Park, MI tax bill: $4,166, $1,766 higher than the national median property tax bill of $2,400.

How are property taxes in Wayne County calculated?

Property taxes in Grosse Pointe Park, 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 Park’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Grosse Pointe Park, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Grosse Pointe Park, Wayne County, Michigan Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.92%

Estimate Property Tax Bill

$4,199

$3,896

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Grosse Pointe Park Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Grosse Pointe Park with just two data points. By entering your property's estimated assessed value, our calculator applies Grosse Pointe Park’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 Wayne County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Grosse Pointe Park, Wayne County, Michigan

Local government entities set tax rates, which can vary widely within a state. Annually, Wayne 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 Park’s effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S.

Grosse Pointe Park in Wayne County boasts a property tax rate of 0.94%, which is slightly below the national median of 1.02%. This lower rate can lead to considerable savings for homeowners when compared to the national median property tax bill of $2400. Understanding these rates can empower property owners to make informed decisions and potentially save on taxes. By examining the effective rates, homeowners can better navigate the complexities of property taxes and ensure they are not overpaying.

Property Tax Rates Across Grosse Pointe Park, Wayne County, Michigan

Source: Ownwell

0.33%

1.28%

2.24%

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 Park Tax Rate

0.92%

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 Park, Wayne County, Michigan

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
482300.66%0.80%0.92%1.11%1.22%

Source: Ownwell

Property Tax Assessment Values Across Grosse Pointe Park, Wayne County, Michigan

When examining property taxes in Grosse Pointe Park, 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 April. 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 Park. For example, the median home price in Grosse Pointe Park is $419,000, with tax bills ranging significantly across the county. Zip code 48230 has the highest median home price at $419,000.

Property Tax Assessment Values Across Grosse Pointe Park, Wayne County, Michigan

Source: Ownwell

$33,400

$362,400

$691,400

Median Grosse Pointe Park Market Value

$456,400

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 Park, Wayne County, Michigan

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
48230$259,600$337,800$456,400$600,400$766,200

Source: Ownwell

Property Tax Bills Across Grosse Pointe Park, Wayne County, Michigan

In Grosse Pointe Park, located in Wayne County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The city’s median home price stands at $419,000, and homeowners can expect tax bills that vary significantly. While the 25th percentile tax bill is around $2,720, those in the 75th percentile pay approximately $5,565, and at the 90th percentile, tax bills can reach up to $7,313. The median tax bill in the area is notably higher than the national median of $2,400, with some zip codes reporting median bills as high as $4,166. These figures impact homeowners by increasing their annual financial obligations. Ownwell offers a valuable service by helping homeowners navigate the complexities of property tax appeals and exemptions. By leveraging expertise in local tax regulations, Ownwell can assist in reducing these burdensome bills, ensuring homeowners only pay their fair share and potentially saving them significant amounts of money annually.

Property Tax Bills Across Grosse Pointe Park, Wayne County, Michigan

Source: Ownwell

$536

$6,143

$11,749

Median Grosse Pointe Park Tax Bill

$4,404

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 Park, Wayne County, Michigan

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
48230$2,015$2,937$4,404$5,854$7,831

Source: Ownwell

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