Hadley, Lapeer County, Michigan Property Taxes
Median Hadley, MI effective property tax rate: 0.32%, significantly lower than the national median of 1.02%, and lower than the Michigan state median of 1.07%.
Median Hadley, MI home value: $186,400
Median annual Hadley, MI tax bill: $633, $1,767 lower than the national median property tax bill of $2,400.
How are property taxes in Lapeer calculated?
Property taxes in Hadley, 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 Hadley’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hadley, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hadley, Lapeer County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.3%
Estimate Property Tax Bill
$623
$578
Property Tax Rates Across Hadley, Lapeer County, Michigan
Local government entities are responsible for setting tax rates, and these can differ significantly across a state. Each year, counties estimate their budgetary needs for services and divide this by the total assessed value of all taxable properties within the area. This calculation determines the property tax rate for the year. Although votes and regulations play a role in establishing these rates and budgets, this is the basic annual procedure.
You can compare Hadley's effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S. Hadley, located in Lapeer County, stands out with its property tax rate. When compared to the national median property tax rate of 1.02%, Hadley's rate is notably lower. This can mean substantial savings for property owners in the area, especially when the national median property tax bill is $2,400. Understanding how Hadley’s rate measures up can offer valuable insights for homeowners and potential buyers considering property investments in Michigan.
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 Hadley Tax Rate
0.30%
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 Lapeer County Tax Rate
0.41%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hadley, Lapeer County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48440 | 0.26% | 0.28% | 0.30% | 0.34% | 0.41% |
Source: Ownwell
Property Tax Assessment Values Across Hadley, Lapeer County, Michigan
When examining property taxes in Hadley, 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 Lapeer County Equalization Department 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 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 Hadley.
For example, the median home price in Hadley is $186,400, with tax bills ranging significantly across the county. Zip code 48440 has the highest median home price at $186,400.
Property Tax Assessment Values Across Hadley, Lapeer County, Michigan
Source: Ownwell
$137,000
$291,500
$446,000
Median Hadley Market Value
$207,800
Median Lapeer County Market Value
$243,000
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hadley, Lapeer County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48440 | $151,800 | $167,600 | $207,800 | $301,300 | $422,700 |
Source: Ownwell
Property Tax Bills Across Hadley, Lapeer County, Michigan
Median Hadley Tax Bill
$662
Median Lapeer County Tax Bill
$1,082
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Hadley, Lapeer County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48440 | $434 | $508 | $662 | $986 | $1,297 |
Source: Ownwell