Morrice, Shiawassee County, Michigan Property Taxes
Median Morrice, MI effective property tax rate: 0.96%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Morrice, MI home value: $178,400
Median annual Morrice, MI tax bill: $1,687, $713 lower than the national median property tax bill of $2,400.
How are property taxes in Shiawassee calculated?
Property taxes in Morrice, 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 Morrice’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Morrice, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Morrice, Shiawassee County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.93%
Estimate Property Tax Bill
$1,973
$1,831
Property Tax Rates Across Morrice, Shiawassee 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 Morrice Tax Rate
0.93%
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 Shiawassee County Tax Rate
1.25%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Morrice, Shiawassee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48857 | 0.66% | 0.78% | 0.93% | 1.10% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Morrice, Shiawassee County, Michigan
When examining property taxes in Morrice, 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 Shiawassee 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 Shiawassee County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Morrice.
For example, the median home price in Morrice is $178,400, with tax bills ranging significantly across the county. Zip code 48857 has the highest median home price at $178,400.
Property Tax Assessment Values Across Morrice, Shiawassee County, Michigan
Source: Ownwell
$146,800
$200,500
$254,200
Median Morrice Market Value
$212,200
Median Shiawassee County Market Value
$175,200
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Morrice, Shiawassee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48857 | $115,720 | $156,200 | $212,200 | $273,000 | $341,880 |
Source: Ownwell
Property Tax Bills Across Morrice, Shiawassee County, Michigan
In Morrice, Shiawassee County, MI, property tax bills are based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. Factors such as property improvements, neighborhood changes, and local government budgets influence the assessed value. Homeowners in Morrice face a median property tax bill of approximately $1,687, which is below the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $1,210 and the 90th percentile reaching $2,886.
High property tax bills can be burdensome, but Ownwell offers a solution. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their property is fairly assessed, potentially lowering their tax bills. Our team navigates the complexities of tax assessments, offering peace of mind and potential savings. With Ownwell’s assistance, homeowners can better manage their property taxes and reduce financial strain.
Median Morrice Tax Bill
$1,955
Median Shiawassee County Tax Bill
$2,104
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Morrice, Shiawassee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48857 | $1,006 | $1,412 | $1,955 | $2,530 | $3,312 |
Source: Ownwell