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Lincoln Park, Wayne County, Michigan Property Taxes

  • Median Lincoln Park, MI effective property tax rate: 1.25%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.

  • Median Lincoln Park, MI home value: $115,600

  • Median annual Lincoln Park, MI tax bill: $1,550, $850 lower than the national median property tax bill of $2,400.

How are property taxes in Wayne County calculated?

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

Last Updated March 1, 2025

Lincoln Park, Wayne County, Michigan Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.24%

Estimate Property Tax Bill

$1,582

$1,468

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Lincoln Park Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lincoln Park with just two data points. By entering your property's estimated assessed value, our calculator applies Lincoln 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 Lincoln Park, 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 Lincoln Park’s effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S. In Lincoln Park, located in Wayne County, the property tax rate stands at 1.25%, which is higher than the national median of 1.02%. This means residents in Lincoln Park face a tax rate that exceeds the national average, impacting their annual property tax bills. Compared to other regions in Michigan, Lincoln Park's rate is consistent with the highest and lowest rates found in the state, all standing at 1.25%. Understanding these rates can help property owners make informed decisions about their investments and potential tax liabilities.

Property Tax Rates Across Lincoln 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 Lincoln Park Tax Rate

1.24%

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 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 Lincoln Park, Wayne County, Michigan

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
481461.02%1.12%1.24%1.67%2.15%

Source: Ownwell

Property Tax Assessment Values Across Lincoln Park, Wayne County, Michigan

When examining property taxes in Lincoln 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. Assessment notices: 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 Lincoln Park. For example, the median home price in Lincoln Park is $115,600, with tax bills ranging significantly across the county. 48146 has the highest median home price at $115,600.

Property Tax Assessment Values Across Lincoln Park, Wayne County, Michigan

Source: Ownwell

$33,400

$362,400

$691,400

Median Lincoln Park Market Value

$127,600

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 Lincoln Park, Wayne County, Michigan

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
48146$97,600$112,400$127,600$146,400$170,400

Source: Ownwell

Property Tax Bills Across Lincoln Park, Wayne County, Michigan

Property tax bills in Lincoln Park, located in Wayne County, Michigan, are determined by assessing the market value of a property and applying the local tax rate. The median home price here is $115,600, which contributes to the calculation of the property tax bill. Homeowners in Lincoln Park typically face a median property tax bill of $1,550. This is significantly below the national median property tax bill of $2,400, offering a relatively affordable tax environment. However, property tax bills can vary, with the 25th percentile at $1,293 and the 90th percentile reaching up to $2,649. These variations depend on factors such as property size, location, and any applicable exemptions. Homeowners may find navigating these assessments challenging. Ownwell can assist by reviewing property assessments to identify potential savings. By appealing inaccurate assessments and ensuring all eligible exemptions are applied, Ownwell helps homeowners reduce their tax burden and save money on their property tax bills.

Property Tax Bills Across Lincoln Park, Wayne County, Michigan

Source: Ownwell

$536

$6,143

$11,749

Median Lincoln Park Tax Bill

$1,678

Median Wayne County Tax Bill

$1,772

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Lincoln Park, Wayne County, Michigan

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
48146$1,171$1,386$1,678$2,218$3,007

Source: Ownwell

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