Okemos, Ingham County, Michigan Property Taxes

Name: Property Tax Bills Across Okemos, Ingham County, Michigan
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Okemos, MI effective property tax rate: 2.00%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Okemos, MI home value: $310,000
Median annual Okemos, MI tax bill: $6,034, $3,634 higher than the national median property tax bill of $2,400.

How are property taxes in Ingham calculated?

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

Last Updated March 1, 2025

Okemos, Ingham County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

Estimate Property Tax Bill

$6,200

$5,753

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

Property Tax Rates Across Okemos, Ingham County, Michigan

Local government entities set property tax rates, which can vary significantly within a state. Each year, counties estimate their required budget to provide services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Okemos, located in Ingham County, Michigan, the effective property tax rate is notably higher than the national median of 1.02%. With a median property tax rate of 2.00%, Okemos stands out in Michigan, where property tax rates can differ widely across cities. Compared to the national median property tax bill of $2,400, residents in Okemos may find themselves paying more. This higher rate reflects the county's budgetary needs and the total value of taxable property. Understanding these local variations is crucial for homeowners considering property tax appeal or exemption services. By comparing Okemos's tax rate to other cities in Michigan and the national average, homeowners can better assess their property tax situation.

Property Tax Rates Across Okemos, Ingham County, Michigan

Source: Ownwell

1.13%

1.87%

2.61%

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 Okemos Tax Rate

2.00%

Median Effective Ingham County Tax Rate

2.06%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Okemos, Ingham County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48864	1.67%	1.82%	2.00%	2.24%	2.47%

Source: Ownwell

Property Tax Assessment Values Across Okemos, Ingham County, Michigan

When examining property taxes in Okemos, 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 Ingham 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 Ingham 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 Okemos. For example, the median home price in Okemos is $310,000, with tax bills ranging significantly across the county. Zip code 48864 has the highest median home price at $310,000.

Property Tax Assessment Values Across Okemos, Ingham County, Michigan

Source: Ownwell

$85,200

$197,600

$310,000

Median Okemos Market Value

$310,000

Median Ingham County Market Value

$152,200

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Okemos, Ingham County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48864	$180,000	$232,450	$310,000	$423,000	$553,640

Source: Ownwell

Property Tax Bills Across Okemos, Ingham County, Michigan

In Okemos, Michigan, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is a percentage of the home's market value, ensuring that property taxes reflect current market conditions. In Okemos, the median property tax bill is $6,034, significantly higher than the national median of $2,400, reflecting the area's higher home values. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. For homeowners, this can mean higher annual expenses, which can be a financial burden. However, Ownwell offers a solution by providing property tax appeal and exemption services. By reviewing your property's assessed value, Ownwell can identify opportunities for reducing your tax bill. This can result in significant savings, allowing homeowners to allocate funds elsewhere. With expertise in navigating the complexities of property tax assessments, Ownwell ensures that homeowners pay only their fair share.

Property Tax Bills Across Okemos, Ingham County, Michigan

Source: Ownwell

$2,131

$4,083

$6,034

Median Okemos Tax Bill

$6,034

Median Ingham County Tax Bill

$3,019

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Okemos, Ingham County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48864	$3,359	$4,515	$6,034	$8,753	$12,037

Source: Ownwell