Petersburg, Monroe County, Michigan Property Taxes
Median Petersburg, 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 Petersburg, MI home value: $202,100
Median annual Petersburg, MI tax bill: $2,324, $76 lower than the national median property tax bill of $2,400.
How are property taxes in Monroe calculated?
Property taxes in Petersburg, 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 Petersburg’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Petersburg, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Petersburg, Monroe County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
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Median Effective Tax Rate
1%
Estimate Property Tax Bill
$2,537
$2,354
Property Tax Rates Across Petersburg, Monroe County, Michigan
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates the budget needed to provide essential services and divides this by the total assessed value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although votes and legislation play roles in establishing tax rates and budgets, this is the core of the annual process.
In Petersburg, located in Monroe County, Michigan, the effective property tax rate stands at 1.12%. This rate aligns precisely with the highest and lowest median tax rates within the area, which are also 1.12%. When compared to the national median property tax rate of 1.02%, Petersburg's rate is slightly higher. However, it is important to note that the national median property tax bill is $2400, which can help provide context for understanding how Petersburg's tax rate fits into the broader national landscape. By understanding these differences, property owners can make informed decisions about property tax appeals and 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 Petersburg Tax Rate
1.00%
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 Petersburg, Monroe County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49270 | 0.85% | 0.91% | 1.00% | 1.19% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Petersburg, Monroe County, Michigan
When examining property taxes in Petersburg, 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 Assessor's 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.
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 Petersburg. For example, the median home price in Petersburg is $202,100, with tax bills ranging significantly across the county. 49270 has the highest median home price at $202,100.
Property Tax Assessment Values Across Petersburg, Monroe County, Michigan
Source: Ownwell
$138,800
$224,100
$309,400
Median Petersburg Market Value
$253,700
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 Petersburg, Monroe County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49270 | $126,820 | $180,000 | $253,700 | $361,600 | $486,156 |
Source: Ownwell
Property Tax Bills Across Petersburg, Monroe County, Michigan
Median Petersburg Tax Bill
$2,727
Median Monroe County Tax Bill
$2,481
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Petersburg, Monroe County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49270 | $1,397 | $1,934 | $2,727 | $3,752 | $5,039 |
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 |