Dundee, Monroe County, Michigan Property Taxes
Median Dundee, MI effective property tax rate: 1.12%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Dundee, MI home value: $179,580
Median annual Dundee, MI tax bill: $2,047, $353 lower than the national median property tax bill of $2,400.
How are property taxes in Monroe calculated?
Property taxes in Dundee, 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 Dundee’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Dundee, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Dundee, Monroe County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.05%
Estimate Property Tax Bill
$2,369
$2,198
Property Tax Rates Across Dundee, 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. Below, you can compare Dundee’s effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S.
Dundee, located in Monroe County, Michigan, has a median property tax rate of 1.12%. This rate is slightly above the national median property tax rate of 1.02%. Residents in Dundee pay a property tax bill that aligns with the county's requirements to fund essential services. While Michigan's property tax rates can vary, Dundee's rate reflects the local government's budgetary needs. By understanding these rates, property owners can make informed decisions about their investments and potential savings through 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 Dundee Tax Rate
1.05%
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 Dundee, Monroe County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48131 | 0.71% | 0.84% | 1.05% | 1.24% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Dundee, Monroe County, Michigan
When examining property taxes in Dundee, 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 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 Dundee. For example, the median home price in Dundee is $179,580, with tax bills ranging significantly across the county. Zip code 48131 has the highest median home price at $179,580.
Property Tax Assessment Values Across Dundee, Monroe County, Michigan
Source: Ownwell
$138,800
$224,100
$309,400
Median Dundee Market Value
$225,620
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 Dundee, Monroe County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48131 | $10,000 | $142,775 | $225,620 | $308,605 | $379,584 |
Source: Ownwell
Property Tax Bills Across Dundee, Monroe County, Michigan
Median Dundee Tax Bill
$2,382
Median Monroe County Tax Bill
$2,481
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Dundee, Monroe County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48131 | $149 | $1,497 | $2,382 | $3,519 | $4,519 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
|---|
Links | |
|---|---|
| Monroe Tax Assessor | |
| Website | bsaonline.com |