Morenci, Lenawee County, Michigan Property Taxes
Median Morenci, MI effective property tax rate: 2.94%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Morenci, MI home value: $102,200
Median annual Morenci, MI tax bill: $2,620, $220 higher than the national median property tax bill of $2,400.
How are property taxes in Lenawee calculated?
Property taxes in Morenci, 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 Morenci’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Morenci, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Morenci, Lenawee County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.94%
Estimate Property Tax Bill
$3,005
$2,788
Property Tax Rates Across Morenci, Lenawee County, Michigan
Local government entities set tax rates, which can vary widely within a state. Each county calculates its required 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 there are votes and laws involved in setting these rates and budgets, this is essentially the annual process.
In Morenci, located in Lenawee County, Michigan, the effective property tax rate stands out when compared to other cities in the state. With a median property tax rate of 2.94%, Morenci's rate is significantly higher than the national median of 1.02%. This rate reflects the local government's budgetary needs and the value of taxable properties in the area.
Understanding these rates is crucial for property owners, as it impacts the overall cost of owning property in Morenci. By comparing these rates to both state and national figures, property owners can gain insights into the local tax landscape and make informed decisions regarding property tax appeals or exemptions.
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 Morenci Tax Rate
2.94%
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 Lenawee County Tax Rate
1.14%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Morenci, Lenawee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49256 | 0.97% | 1.26% | 2.94% | 3.58% | 4.36% |
Source: Ownwell
Property Tax Assessment Values Across Morenci, Lenawee County, Michigan
When examining property taxes in Morenci, 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 Lenawee 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 Lenawee County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Morenci. For example, the median home price in Morenci is $102,200, with tax bills ranging significantly across the county. Zip code 49256 has the highest median home price at $102,200.
Property Tax Assessment Values Across Morenci, Lenawee County, Michigan
Source: Ownwell
$69,300
$158,150
$247,000
Median Morenci Market Value
$102,200
Median Lenawee County Market Value
$168,800
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Morenci, Lenawee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49256 | $52,200 | $72,400 | $102,200 | $155,000 | $278,400 |
Source: Ownwell
Property Tax Bills Across Morenci, Lenawee County, Michigan
Median Morenci Tax Bill
$2,620
Median Lenawee County Tax Bill
$2,184
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Morenci, Lenawee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49256 | $1,030 | $1,701 | $2,620 | $3,683 | $4,946 |
Source: Ownwell