Holly, Livingston County, Michigan Property Taxes
Median Holly, MI effective property tax rate: 0.85%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Holly, MI home value: $396,600
Median annual Holly, MI tax bill: $3,453, $1,053 higher than the national median property tax bill of $2,400.
How are property taxes in Livingston calculated?
Property taxes in Holly, 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 Holly’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Holly, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Holly, Livingston County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.85%
Estimate Property Tax Bill
$3,371
$3,128
Property Tax Rates Across Holly, Livingston County, Michigan
Local government entities are responsible for setting tax rates, which can vary significantly within Michigan. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.
Below, you can compare Holly’s effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S. Holly, located in Livingston County, has a median property tax rate of 0.85%, which is below the national median of 1.02%. This rate is consistent across the county, with both the highest and lowest median tax rates also at 0.85%. This consistency offers residents a predictable tax environment, contrasting with the broader national landscape where rates can fluctuate more widely. Understanding these local nuances can help property owners make informed decisions about appealing their property tax assessments.
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 Holly Tax Rate
0.85%
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 Livingston County Tax Rate
0.91%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Holly, Livingston County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48442 | 0.67% | 0.76% | 0.85% | 0.95% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Holly, Livingston County, Michigan
When examining property taxes in Holly, 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 Livingston 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 Livingston 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 Holly. For example, the median home price in Holly is $396,600, with tax bills ranging significantly across the county. Zip code 48442 has the highest median home price at $396,600.
Property Tax Assessment Values Across Holly, Livingston County, Michigan
Source: Ownwell
$181,400
$324,900
$468,400
Median Holly Market Value
$396,600
Median Livingston County Market Value
$315,781
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Holly, Livingston County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48442 | $198,600 | $312,600 | $396,600 | $484,000 | $564,600 |
Source: Ownwell
Property Tax Bills Across Holly, Livingston County, Michigan
In Holly, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the tax bill. Factors such as local government budgets and public service needs can influence the rate. In Livingston County, the median property tax bill stands at $3,453, which is significantly higher than the national median of $2,400. This can place a substantial financial burden on homeowners, especially when considering the median home price of $396,600 in the area.
Ownwell can help homeowners in Holly reduce their property tax bills by offering professional property tax appeal services. By analyzing comparable properties and market trends, Ownwell identifies opportunities for reassessment, potentially lowering assessed values and tax bills. With expertise and local knowledge, Ownwell ensures that homeowners only pay their fair share, providing peace of mind and potential savings in a region where property taxes are notably above the national average.
Median Holly Tax Bill
$3,453
Median Livingston County Tax Bill
$2,949
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Holly, Livingston County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48442 | $1,586 | $2,373 | $3,453 | $4,388 | $5,191 |
Source: Ownwell