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Romulus, Wayne County, Michigan Property Taxes

  • Median Romulus, MI effective property tax rate: 1.27%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
  • Median Romulus, MI home value: $156,600
  • Median annual Romulus, MI tax bill: $2,071, $329 lower than the national median property tax bill of $2,400.

How are property taxes in Wayne calculated?

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

Last Updated March 1, 2025

Romulus, Wayne County, Michigan Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.2%

Estimate Property Tax Bill

$2,117

$1,964

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Romulus Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Romulus with just two data points. By entering your property's estimated assessed value, our calculator applies Romulus’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 Romulus, Wayne County, Michigan

Local government entities have the authority to set tax rates, which can vary widely within Michigan. This is because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process. In Romulus, located in Wayne County, the effective property tax rate is 1.27%. This stands out when compared to the national median property tax rate of 1.02%. The median property tax bill in Romulus is significantly impacted by this rate, especially when compared to the national median property tax bill of $2,400. Understanding these comparisons can help property owners in Romulus make informed decisions about their property taxes and explore potential savings through appeals or exemptions.

Property Tax Rates Across Romulus, 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 Romulus Tax Rate

1.20%

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 Romulus, Wayne County, Michigan

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
481740.75%0.98%1.20%1.62%2.06%

Source: Ownwell

Property Tax Assessment Values Across Romulus, Wayne County, Michigan

When examining property taxes in Romulus, 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 Romulus. For example, the median home price in Romulus is $156,600, with tax bills ranging significantly across the county. 48174 has the highest median home price at $156,600.

Property Tax Assessment Values Across Romulus, Wayne County, Michigan

Source: Ownwell

$33,400

$362,400

$691,400

Median Romulus Market Value

$176,400

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 Romulus, Wayne County, Michigan

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
48174$101,400$139,600$176,400$260,000$324,000

Source: Ownwell

Property Tax Bills Across Romulus, Wayne County, Michigan

In Romulus, located in Wayne County, MI, property tax bills are calculated based on the assessed value of a home, which is typically half of its market value. The tax rate is then applied to this assessed value. With the median home price at $156,600, homeowners in Romulus see varying tax bills. The 25th percentile tax bill is $1,541, while the 75th percentile reaches $2,806, and the 90th percentile hits $3,923. The median tax bill in the area is $2,071, which is below the national median of $2,400, offering some relief to homeowners compared to other regions. However, these bills can still pose a significant financial burden. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. This can help reduce the assessed value, thus lowering the tax bill. With expertise in navigating the complexities of property tax assessments, Ownwell ensures homeowners in Romulus pay only their fair share, potentially saving them hundreds of dollars annually.

Property Tax Bills Across Romulus, Wayne County, Michigan

Source: Ownwell

$536

$6,143

$11,749

Median Romulus Tax Bill

$2,212

Median Wayne County Tax Bill

$1,772

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Romulus, Wayne County, Michigan

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
48174$1,075$1,616$2,212$3,045$4,316

Source: Ownwell

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