Perry, Livingston County, Michigan Property Taxes
Median Perry, 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 Perry, MI home value: $255,200
Median annual Perry, MI tax bill: $2,208, $192 lower than the national median property tax bill of $2,400.
How are property taxes in Livingston calculated?
Property taxes in Perry, 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 Perry’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Perry, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Perry, Livingston County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.41%
Estimate Property Tax Bill
$1,136
$1,054
Property Tax Rates Across Perry, Livingston County, Michigan
Local government entities determine tax rates, which can vary significantly within a state. This variation arises because each county annually estimates its budgetary needs for public services and divides this by the total assessed value of all taxable properties in its jurisdiction, resulting in the property tax rate. While the process involves votes and legal frameworks to set these rates and budgets, this is the essence of the annual procedure.
In Perry, located in Shiawassee County, Michigan, the effective property tax rate is 0.85%, which is below the national median of 1.02%. This rate reflects the county's budgetary requirements and the total assessed property values. Comparatively, Michigan’s median property tax rate aligns with Perry's rate, indicating a consistent approach across the state. The property tax bill in Perry is influenced by the lower tax rate, making it more affordable relative to the national median property tax bill of $2,400. This financial advantage can be a significant consideration for property owners evaluating their tax liabilities in Perry and across 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 Perry Tax Rate
0.41%
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
0.50%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Perry, Livingston County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48872 | 0.32% | 0.37% | 0.41% | 0.78% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Perry, Livingston County, Michigan
When examining property taxes in Perry, 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 March. 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 Perry.
For example, the median home price in Perry is $255,200, with tax bills ranging significantly across the county. Zip code 48872 has the highest median home price at $255,200.
Property Tax Assessment Values Across Perry, Livingston County, Michigan
Source: Ownwell
$174,200
$343,300
$512,400
Median Perry Market Value
$277,110
Median Livingston County Market Value
$349,600
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Perry, Livingston County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48872 | $163,218 | $211,840 | $277,110 | $330,275 | $402,788 |
Source: Ownwell
Property Tax Bills Across Perry, Livingston County, Michigan
In Perry, Michigan, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor and represents a percentage of the market value. The tax rate, or millage rate, is then applied to this assessed value to determine the final tax bill. Factors such as local government budgets and school funding needs can influence the millage rate, impacting the amount homeowners pay annually. In Perry, the median tax bill is $2,208, which is slightly below the national median of $2,400, making it relatively affordable compared to other areas. However, homeowners in the 75th percentile might pay up to $2,736, and those in the 90th percentile could face bills as high as $3,230.
Ownwell assists homeowners by identifying potential savings through property tax appeals, ensuring the assessed value accurately reflects the property's true market value. By leveraging expert knowledge and local data, Ownwell can help reduce property tax bills, providing significant financial relief for homeowners.
Median Perry Tax Bill
$1,275
Median Livingston County Tax Bill
$1,857
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Perry, Livingston County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48872 | $619 | $939 | $1,275 | $1,792 | $3,109 |
Source: Ownwell