Imlay City, Lapeer County, Michigan Property Taxes
Median Imlay City, MI effective property tax rate: 0.60%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Imlay City, MI home value: $215,800
Median annual Imlay City, MI tax bill: $1,425, $975 lower than the national median property tax bill of $2,400.
How are property taxes in Lapeer calculated?
Property taxes in Imlay City, 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 Imlay City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Imlay City, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Imlay City, Lapeer County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.6%
Estimate Property Tax Bill
$1,295
$1,202
Property Tax Rates Across Imlay City, Lapeer County, Michigan
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Imlay City’s effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S.
Imlay City, located in Lapeer County, boasts a median property tax rate of 0.60%, which is significantly lower than the national median property tax rate of 1.02%. This makes it an attractive location for homeowners looking to save on property taxes. While the median property tax rate in Michigan mirrors that of Imlay City, the consistency in rates across the county ensures predictability for property owners. By understanding these rates, property owners can make informed decisions, whether they are considering buying a new property or appealing their current property tax assessment.
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 Imlay City Tax Rate
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 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 Imlay City, Lapeer County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48444 | 0.38% | 0.43% | 0.60% | 1.09% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Imlay City, Lapeer County, Michigan
When examining property taxes in Imlay City, 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 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 Lapeer County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the month. 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 Imlay City. For example, the median home price in Imlay City is $215,800, with tax bills ranging significantly across the county. 48444 has the highest median home price at $215,800.
Property Tax Assessment Values Across Imlay City, Lapeer County, Michigan
Source: Ownwell
$124,600
$223,600
$322,600
Median Imlay City Market Value
$215,800
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 Imlay City, Lapeer County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48444 | $92,680 | $149,000 | $215,800 | $294,200 | $380,520 |
Source: Ownwell
Property Tax Bills Across Imlay City, Lapeer County, Michigan
In Imlay City, Lapeer County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. With a median home price of $215,800, homeowners in the area can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is $964, while the 75th percentile reaches $2,092. The highest median tax bill in the area is $1,425, which is notably lower than the national median property tax bill of $2,400. These variations highlight the importance of understanding local tax assessments and ensuring they accurately reflect property values.
Homeowners can benefit from appealing their property tax assessments, potentially lowering their tax bills. This is where Ownwell steps in, offering expert property tax appeal services. By leveraging local market insights and tax expertise, Ownwell helps homeowners navigate the complexities of tax assessments, ensuring fair evaluations and possible savings on property taxes.
Median Imlay City Tax Bill
$1,425
Median Lapeer County Tax Bill
$858
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Imlay City, Lapeer County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48444 | $531 | $964 | $1,425 | $2,092 | $3,019 |
Source: Ownwell