New Boston, Monroe County, Michigan Property Taxes

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

Median New Boston, MI effective property tax rate: 1.17%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median New Boston, MI home value: $238,000
Median annual New Boston, MI tax bill: $2,478, $78 higher than the national median property tax bill of $2,400.

How are property taxes in Monroe calculated?

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

Last Updated March 1, 2025

New Boston, Monroe County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.17%

Estimate Property Tax Bill

$2,785

$2,584

Ownwell’s New Boston Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in New Boston with just two data points. By entering your property's estimated assessed value, our calculator applies New Boston’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 New Boston, Monroe County, Michigan

Local government entities set tax rates, which can vary widely within a state. This variation arises because each county annually 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 New Boston, located in Monroe County, Michigan, the effective property tax rate is a reflection of these local calculations. Compared to the national median property tax rate of 1.02%, New Boston's rate is notably higher, aligning with the state median of 1.17%. This means property owners in New Boston generally pay more than the national average property tax bill of $2,400. Understanding these nuances is crucial for property owners looking to manage their expenses effectively. By appealing or seeking exemptions, residents can potentially reduce their property tax burdens, making it an essential consideration for homeowners in New Boston.

Property Tax Rates Across New Boston, 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 New Boston Tax Rate

1.17%

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 New Boston, Monroe County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48164	0.86%	0.95%	1.17%	1.23%	1.48%

Source: Ownwell

Property Tax Assessment Values Across New Boston, Monroe County, Michigan

When examining property taxes in New Boston, 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 New Boston.

For example, the median home price in New Boston is $238,000, with tax bills ranging significantly across the county. Zip code 48164 has the highest median home price at $238,000.

Property Tax Assessment Values Across New Boston, Monroe County, Michigan

Source: Ownwell

$112,800

$175,400

$238,000

Median New Boston Market Value

$238,000

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 New Boston, Monroe County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48164	$175,680	$208,750	$238,000	$304,600	$388,160

Source: Ownwell

Property Tax Bills Across New Boston, Monroe County, Michigan

In New Boston, located in Monroe County, MI, property tax bills are calculated based on the assessed value of a home, which is typically around 50% of its market value. With a median home price of $238,000, homeowners can expect tax bills to vary significantly. The 25th percentile tax bill stands at $2,128, while the 75th percentile reaches $3,452, and the 90th percentile can go up to $4,211. The highest and lowest median tax bills in the area are both $2,478, aligning closely with the national median property tax bill of $2,400. These taxes significantly impact homeowners by influencing their overall housing costs.

Ownwell offers valuable services to help homeowners in New Boston reduce their property tax burdens. By analyzing property assessments and identifying potential discrepancies, Ownwell assists homeowners in appealing their tax bills and securing exemptions. This can lead to substantial savings, making property ownership more affordable and manageable. With expert guidance, homeowners can navigate the complexities of property tax assessments and ensure they are not overpaying.

Property Tax Bills Across New Boston, Monroe County, Michigan

Source: Ownwell

$1,658

$2,415

$3,172

Median New Boston Tax Bill

$2,478

Median Monroe County Tax Bill

$2,179

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across New Boston, Monroe County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48164	$1,712	$2,128	$2,478	$3,452	$4,211

Source: Ownwell