Milford, Livingston County, Michigan Property Taxes

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

Median Milford, MI effective property tax rate: 0.88%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Milford, MI home value: $468,400
Median annual Milford, MI tax bill: $4,100, $1,700 higher than the national median property tax bill of $2,400.

How are property taxes in Livingston calculated?

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

Last Updated March 1, 2025

Milford, Livingston County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.88%

Estimate Property Tax Bill

$4,122

$3,825

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

Property Tax Rates Across Milford, Livingston County, Michigan

Local government entities set tax rates, which can vary widely within a state. Why? Because 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 Milford’s effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S.

Milford, located in Livingston County, has a median property tax rate of 0.88%. This is notably lower than the national median property tax rate of 1.02%, making it an attractive area for property owners. The property tax rate in Milford is consistent across the board, with both the highest and lowest median tax rates recorded at 0.88% within the 48380 zip code. Compared to the national median property tax bill of $2400, property owners in Milford may find themselves with a more manageable tax burden. This consistency in tax rates can provide a sense of financial stability for property owners in the area.

Property Tax Rates Across Milford, Livingston County, Michigan

Source: Ownwell

0.62%

0.97%

1.33%

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 Milford Tax Rate

0.88%

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 Milford, Livingston County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48380	0.74%	0.81%	0.88%	1.00%	1.12%

Source: Ownwell

Property Tax Assessment Values Across Milford, Livingston County, Michigan

When examining property taxes in Milford, 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 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. Assessment notices: 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 Milford. For example, the median home price in Milford is $468,400, with tax bills ranging significantly across the county. Zip code 48380 has the highest median home price at $468,400.

Property Tax Assessment Values Across Milford, Livingston County, Michigan

Source: Ownwell

$181,400

$324,900

$468,400

Median Milford Market Value

$468,400

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 Milford, Livingston County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48380	$277,000	$347,300	$468,400	$591,600	$761,300

Source: Ownwell

Property Tax Bills Across Milford, Livingston County, Michigan

In Milford, located in Livingston County, MI, property tax bills are calculated based on the assessed value of a property rather than its market value. The median home price in Milford is $468,400, and property tax bills can vary significantly. The 25th percentile tax bill is $2,940, while the 75th percentile reaches $5,740, and the 90th percentile climbs to $7,355. This variance highlights the impact of different property assessments and tax rates on homeowners. The median property tax bill in the area is $4,100, which is notably higher than the national median of $2,400. This discrepancy underscores the importance of understanding local tax assessments and rates. Homeowners in Milford can potentially reduce their property tax bills by appealing their assessed values. Ownwell provides expert property tax appeal services that can help homeowners navigate this process effectively. By leveraging local expertise and data-driven insights, Ownwell can identify opportunities for savings and guide homeowners through successful appeals, ultimately reducing their financial burden.

Property Tax Bills Across Milford, Livingston County, Michigan

Source: Ownwell

$1,213

$3,133

$5,053

Median Milford Tax Bill

$4,100

Median Livingston County Tax Bill

$2,949

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Milford, Livingston County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48380	$2,248	$2,940	$4,100	$5,740	$7,355

Source: Ownwell