Riga, Monroe County, Michigan Property Taxes
Median Riga, MI effective property tax rate: 1.21%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%. Median Riga, MI home value: $234,000. Median annual Riga, MI tax bill: $3,172, $772 higher than the national median property tax bill of $2,400.
How are property taxes in Monroe County calculated?
Property taxes in Riga, 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 Riga’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Riga, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Riga, Monroe County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.07%
Estimate Property Tax Bill
$3,311
$3,072
Property Tax Rates Across Riga, Monroe County, Michigan
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 Riga Tax Rate
1.07%
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 Riga, Monroe County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49276 | 0.89% | 0.99% | 1.07% | 1.21% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Riga, Monroe County, Michigan
When examining property taxes in Riga, 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 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 Riga. For example, the median home price in Riga is $234,000, with tax bills ranging significantly across the county. Zip code 49276 has the highest median home price at $234,000.
Property Tax Assessment Values Across Riga, Monroe County, Michigan
Source: Ownwell
$138,800
$224,100
$309,400
Median Riga Market Value
$309,400
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 Riga, Monroe County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49276 | $153,080 | $227,600 | $309,400 | $470,800 | $596,200 |
Source: Ownwell
Property Tax Bills Across Riga, Monroe County, Michigan
In Riga, located in Monroe County, MI, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate is applied to this assessed value to determine the annual tax bill. Factors such as local government budgets, school funding, and public services influence the tax rate. For homeowners in Riga, the median property tax bill is $3,172, which is above the national median of $2,400. This can place a significant financial burden on homeowners, especially when property values rise.
Ownwell offers a solution for homeowners looking to reduce their property tax bills. By providing expert property tax appeal and exemption services, Ownwell can help homeowners potentially lower their assessed value, resulting in a reduced tax bill. With a deep understanding of local tax codes and regulations, Ownwell's team can navigate the appeals process effectively, ensuring homeowners pay only their fair share. This service not only offers financial relief but also peace of mind for property owners in Riga.
Median Riga Tax Bill
$3,534
Median Monroe County Tax Bill
$2,481
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Riga, Monroe County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49276 | $1,781 | $2,474 | $3,534 | $5,231 | $6,818 |
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 |