Dryden, Lapeer County, Michigan Property Taxes

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

Median Dryden, MI effective property tax rate: 0.36%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Dryden, MI home value: $292,800
Median annual Dryden, MI tax bill: $1101, $1299 lower than the national median property tax bill of $2,400.

How are property taxes in Lapeer calculated?

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

Last Updated March 1, 2025

Dryden, Lapeer County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.36%

Estimate Property Tax Bill

$1,054

$978

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

Property Tax Rates Across Dryden, Lapeer County, Michigan

Local government entities in Michigan determine tax rates, which can vary significantly across the state. Each year, counties like Lapeer estimate the budget needed to provide essential services. They then divide this budget by the total assessed value of all taxable property in their jurisdiction, which determines the property tax rate. Although the process involves votes and legal guidelines, this is essentially how it works annually.

In Dryden, located in Lapeer County, the effective property tax rate is 0.36%, which is notably lower than the national median property tax rate of 1.02%. This suggests that property owners in Dryden may benefit from relatively low property tax bills compared to other regions. The state's median property tax rate can also be compared to Dryden’s rate to provide a broader perspective on how local tax rates align with state and national figures. Understanding these differences can help property owners make informed decisions about property investment and management.

Property Tax Rates Across Dryden, Lapeer County, Michigan

Source: Ownwell

0.30%

0.45%

0.60%

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 Dryden Tax Rate

0.36%

Median Effective Lapeer County Tax Rate

0.37%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Dryden, Lapeer County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48428	0.28%	0.30%	0.36%	0.45%	0.60%

Source: Ownwell

Property Tax Assessment Values Across Dryden, Lapeer County, Michigan

When examining property taxes in Dryden, Michigan, 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 Lapeer 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 Lapeer 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 Dryden. For example, the median home price in Dryden is $292,800, with tax bills ranging significantly across the county. 48428 has the highest median home price at $292,800.

Property Tax Assessment Values Across Dryden, Lapeer County, Michigan

Source: Ownwell

$124,600

$223,600

$322,600

Median Dryden Market Value

$292,800

Median Lapeer County Market Value

$215,800

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Dryden, Lapeer County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48428	$143,180	$203,000	$292,800	$391,750	$538,660

Source: Ownwell

Property Tax Bills Across Dryden, Lapeer County, Michigan

In Dryden, Lapeer County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is a percentage of the market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. Factors such as the home's location, size, and improvements can influence its assessed value. Homeowners in Dryden face a median property tax bill of $1,101, which is considerably lower than the national median of $2,400. However, tax bills can vary widely, with some homeowners paying as low as $802 or as high as $2,274. This variability underscores the importance of ensuring that a home is not over-assessed. Ownwell assists homeowners by reviewing their property assessments and filing appeals to correct any inaccuracies. By doing so, Ownwell can help homeowners reduce their property tax bills, ensuring they only pay their fair share.

Property Tax Bills Across Dryden, Lapeer County, Michigan

Source: Ownwell

$372

$985

$1,598

Median Dryden Tax Bill

$1,101

Median Lapeer County Tax Bill

$858

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Dryden, Lapeer County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48428	$532	$802	$1,101	$1,555	$2,274

Source: Ownwell