Lambertville, Monroe County, Michigan Property Taxes
Property Taxes in Lambertville, Michigan
Median Lambertville, Michigan effective property tax rate: 1.09%, significantly higher than the national median of 1.02%, and higher than the Michigan state median of 1.05%.
Median Lambertville, Michigan home value: $256,600
Median annual Lambertville, Michigan tax bill: $2,867, $467 higher than the national median property tax bill of $2,400.
How are property taxes in Monroe calculated?
Property taxes in Lambertville, Michigan 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 Lambertville's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lambertville, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Lambertville, Monroe County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.09%
Estimate Property Tax Bill
$2,797
$2,595
How Does the Lambertville Property Tax Calculator Work?
Use this Lambertville property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Lambertville's median effective tax rate of 1.09% — based on actual property records in Monroe County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Lambertville's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Lambertville: rates range from 1.09% in 48144 to 1.09% in 48144, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Lambertville.
About Lambertville Property Taxes
About Property Taxes in Lambertville, Monroe, Michigan
Lambertville's median effective property tax rate of 1.09% is higher than the Michigan state median of 1.05% and higher than the national median of 1.02%. This rate reflects the Monroe County base levy combined with local school district levies and Tax increment finance districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Lambertville. Homeowners in the 48144 ZIP code carry a median effective rate of 1.09%, while those in the same ZIP also pay 1.09%. This reflects how school district boundaries and local assessment districts are drawn across Monroe County. Understanding which part of Lambertville you live in can make a meaningful difference to your annual tax bill.
Lambertville homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the March 9, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Lambertville, Monroe County, Michigan
As noted earlier, 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 Lambertville's effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S.
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 Lambertville Tax Rate
1.09%
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 Lambertville, Monroe County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48144 | 0.88% | 0.95% | 1.09% | 1.22% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Lambertville, Monroe County, Michigan
When examining property taxes in Lambertville, 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 Monroe County assessment office 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 Monroe County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of May.
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 Lambertville.
For example, the median home price in Lambertville is $256,600, with tax bills ranging significantly across the county. 48144 has the highest median home price at $256,600.
Property Tax Assessment Values Across Lambertville, Monroe County, Michigan
Source: Ownwell
$138,800
$224,100
$309,400
Median Lambertville Market Value
$256,600
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 Lambertville, Monroe County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48144 | $144,720 | $188,100 | $256,600 | $336,600 | $408,960 |
Source: Ownwell
Property Tax Bills Across Lambertville, Monroe County, Michigan
Property tax bills in Lambertville are based on the assessed value of a home, which is then multiplied by the local tax rate to determine the amount owed. For homeowners in Monroe County, the median home price is $256,600, and the median property tax bill is $2,867 in ZIP code 48144. That figure is above the national median property tax bill of $2,400, showing how local assessments can lead to higher annual costs.
Several factors affect the final bill, including the market value of the property, local taxing authorities, and any exemptions that may apply. Because property taxes are tied to assessed value, changes in the housing market can raise or lower a homeowner’s bill over time. For many homeowners, this means property taxes can become one of the largest recurring housing expenses, making it important to understand how the bill is calculated and whether the assessment is accurate.
Median Lambertville Tax Bill
$2,867
Median Monroe County Tax Bill
$2,481
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Lambertville, Monroe County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48144 | $1,531 | $2,018 | $2,867 | $3,793 | $4,740 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 9 |
Links | |
|---|---|
| Monroe Tax Assessor | |
| Website | bsaonline.com |