Milan, Monroe County, Michigan Property Taxes

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

Median Milan, MI effective property tax rate: 1.47%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Milan, MI home value: $195,100
Median annual Milan, MI tax bill: $2,793, $393 higher than the national median property tax bill of $2,400.

How are property taxes in Monroe calculated?

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

Last Updated March 1, 2025

Milan, Monroe County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.47%

Estimate Property Tax Bill

$2,868

$2,661

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

Property Tax Rates Across Milan, Monroe 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 Milan’s effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S.

Milan, located in Monroe County, has a median property tax rate of 1.47%, which is notably higher than the national median of 1.02%. This rate reflects the county's approach to balancing service provision with property value assessments. Interestingly, Milan's rate stands as both the highest and lowest in its ZIP code, showcasing the uniformity within this specific area. Compared to the national median property tax bill of $2,400, Milan’s property tax rate suggests a more significant financial commitment from homeowners. Understanding these dynamics can be crucial for homeowners and potential buyers when considering property investments in the region.

Property Tax Rates Across Milan, Monroe County, Michigan

Source: Ownwell

0.90%

1.25%

1.60%

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 Milan Tax Rate

1.47%

Median Effective Monroe County Tax Rate

1.21%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Milan, Monroe County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48160	1.02%	1.13%	1.47%	2.01%	2.52%

Source: Ownwell

Property Tax Assessment Values Across Milan, Monroe County, Michigan

When examining property taxes in Milan, 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 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 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 Milan.

For example, the median home price in Milan is $195,100, with tax bills ranging significantly across the county. Zip code 48160 has the highest median home price at $195,100.

Property Tax Assessment Values Across Milan, Monroe County, Michigan

Source: Ownwell

$112,800

$175,400

$238,000

Median Milan Market Value

$195,100

Median Monroe County Market Value

$165,800

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Milan, Monroe County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48160	$47,600	$134,150	$195,100	$251,600	$306,200

Source: Ownwell

Property Tax Bills Across Milan, Monroe County, Michigan

In Milan, located in Monroe County, MI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the home's market value. In Milan, the median home price is $195,100, and the property tax bill can vary significantly across different percentiles. For instance, the 25th percentile tax bill is $1,929, while the 75th percentile reaches $3,812, and the 90th percentile climbs to $5,244. The median tax bill in the area is $2,793, which is above the national median of $2,400. This indicates that homeowners in Milan may face higher property tax burdens compared to the national average. Homeowners can benefit from Ownwell's expertise in property tax appeals and exemptions. By leveraging local knowledge and tax regulations, Ownwell can help homeowners potentially reduce their tax bills, ensuring they pay only what is fair and accurate. This service can provide significant savings and financial relief for homeowners.

Property Tax Bills Across Milan, Monroe County, Michigan

Source: Ownwell

$1,658

$2,415

$3,172

Median Milan Tax Bill

$2,793

Median Monroe County Tax Bill

$2,179

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Milan, Monroe County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48160	$909	$1,929	$2,793	$3,812	$5,244

Source: Ownwell