Montrose, Genesee County, Michigan Property Taxes
Median Montrose, MI effective property tax rate: 0.42%, significantly lower than the national median of 1.02%, and also lower than the Michigan state median of 1.07%.
Median Montrose, MI home value: $160,400
Median annual Montrose, MI tax bill: $850, $1,550 lower than the national median property tax bill of $2,400.
How are property taxes in Genesee calculated?
Property taxes in Montrose, 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 Montrose’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Montrose, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Montrose, Genesee County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.41%
Estimate Property Tax Bill
$713
$662
Property Tax Rates Across Montrose, Genesee County, Michigan
Local government entities determine tax rates, which can significantly differ within a state. This variation occurs because annually, each county calculates its necessary budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and legislation play a role in setting these rates and budgets, this is essentially the yearly process.
In Montrose, located in Genesee County, Michigan, the effective property tax rate is 0.42%, which is notably lower than the national median rate of 1.02%. This makes Montrose an appealing option for property owners seeking lower tax obligations. Compared to other cities in Michigan, Montrose's rate is consistent, reflecting the county's efficient budget management and property valuation processes.
For homeowners, understanding these rates is crucial, as they directly impact annual tax bills. With the national median property tax bill at $2,400, Montrose residents benefit from lower tax expenses, allowing for potential savings or reinvestment into their properties. This favorable tax environment enhances Montrose's appeal as a desirable location for both current residents and potential homebuyers.
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 Montrose Tax Rate
0.41%
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 Genesee County Tax Rate
0.88%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Montrose, Genesee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48457 | 0.29% | 0.32% | 0.41% | 1.04% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Montrose, Genesee County, Michigan
When examining property taxes in Montrose, 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 Genesee County assessment office 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 Genesee 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 Montrose.
For example, the median home price in Montrose is $160,400, with tax bills ranging significantly across the county. Zip code 48457 has the highest median home price at $160,400.
Property Tax Assessment Values Across Montrose, Genesee County, Michigan
Source: Ownwell
$36,000
$182,650
$329,300
Median Montrose Market Value
$174,000
Median Genesee County Market Value
$158,200
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Montrose, Genesee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48457 | $102,440 | $131,200 | $174,000 | $240,900 | $314,400 |
Source: Ownwell
Property Tax Bills Across Montrose, Genesee County, Michigan
Median Montrose Tax Bill
$898
Median Genesee County Tax Bill
$1,156
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Montrose, Genesee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48457 | $441 | $599 | $898 | $1,432 | $1,880 |
Source: Ownwell