Deerfield, Monroe County, Michigan Property Taxes
Last Updated March 1, 2025
Deerfield, Monroe County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.01%
Estimate Property Tax Bill
$2,225
$2,065
Property Tax Rates Across Deerfield, Monroe 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.
In Deerfield, located in Monroe County, Michigan, the effective property tax rate is 1.20%. This is notably higher than the national median property tax rate of 1.02%. Despite Michigan having a consistent rate across its various regions, Deerfield's rate reflects the state's overall median.
When you compare Deerfield's effective property tax rate to other cities in Michigan and the median property tax rates in the U.S., it becomes evident that property owners in Deerfield face a slightly higher tax burden than the national average. This highlights the importance of understanding local property tax dynamics and exploring potential avenues for tax appeals or exemptions to manage costs effectively.
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 Deerfield Tax Rate
1.01%
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 Monroe County Tax Rate
1.12%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Deerfield, Monroe County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49238 | 0.77% | 0.91% | 1.01% | 1.14% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Deerfield, Monroe County, Michigan
When examining property taxes in Deerfield, 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 Monroe 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 Monroe 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 Deerfield.
For example, the median home price in Deerfield is $175,200, with tax bills ranging significantly across the county. The 49238 zip code has the highest median home price at $175,200.
Property Tax Assessment Values Across Deerfield, Monroe County, Michigan
Source: Ownwell
$138,800
$224,100
$309,400
Median Deerfield Market Value
$220,300
Median Monroe County Market Value
$204,000
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Deerfield, Monroe County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49238 | $133,000 | $162,350 | $220,300 | $316,200 | $461,480 |
Source: Ownwell
Property Tax Bills Across Deerfield, Monroe County, Michigan
In Deerfield, located in Monroe County, MI, property taxes are calculated based on the assessed value of a home, which is typically a percentage of the market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as changes in property values and local tax levies can influence the final amount. Homeowners in Deerfield face a median property tax bill of $2,162, which is slightly below the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $1,443 and the 90th percentile reaching $4,077.
High property tax bills can be a financial burden for homeowners, but Ownwell offers a solution. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially lower their tax bills. Through a thorough analysis of assessed values and local tax codes, Ownwell identifies opportunities for savings, ensuring homeowners pay only their fair share. This service can lead to significant reductions in property tax expenses, offering financial relief and peace of mind.
Median Deerfield Tax Bill
$2,412
Median Monroe County Tax Bill
$2,481
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Deerfield, Monroe County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49238 | $1,316 | $1,628 | $2,412 | $3,649 | $5,209 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Monroe Tax Assessor | |
| Website | bsaonline.com |