Greenwood, St. Clair County, Michigan Property Taxes

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

Median Greenwood, MI effective property tax rate: 0.28%, significantly lower than the national median of 1.02%, and also lower than the Michigan state median of 1.07%. Median Greenwood, MI home value: $233,100. Median annual Greenwood, MI tax bill: $707, $1,693 lower than the national median property tax bill of $2,400.

How are property taxes in St. Clair calculated?

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

Last Updated March 1, 2025

Greenwood, St. Clair County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.27%

Estimate Property Tax Bill

$725

$673

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

Property Tax Rates Across Greenwood, St. Clair County, Michigan

Local government entities determine tax rates, which can vary significantly within Michigan. Each county, including St. Clair, estimates its budget needs annually to fund essential services and divides this by the total value of all taxable property within the county. This calculation results in the property tax rate. While votes and legislation play a role in setting these rates and budgets, this is the basic annual process.

Greenwood in St. Clair County has a notably lower effective property tax rate compared to other cities in Michigan. With Michigan's median property tax rate being among the lowest in the nation, Greenwood's rate stands out even more. When compared to the national median property tax rate of 1.02%, Greenwood's rate is significantly below average, offering property owners a more favorable tax environment. This can be particularly appealing to those looking to purchase property or invest in real estate within the area. By understanding these dynamics, property owners in Greenwood can make informed decisions and potentially save on their annual property tax bills.

Property Tax Rates Across Greenwood, St. Clair County, Michigan

Source: Ownwell

0.12%

0.64%

1.15%

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 Greenwood Tax Rate

0.27%

Median Effective St. Clair County Tax Rate

0.72%

Median Effective Michigan Tax Rate

1.05%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Greenwood, St. Clair County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48006	0.22%	0.24%	0.27%	0.34%	0.44%

Source: Ownwell

Property Tax Assessment Values Across Greenwood, St. Clair County, Michigan

When examining property taxes in Greenwood, 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 St. Clair 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 St. Clair 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 Greenwood. For example, the median home price in Greenwood is $233,100, with tax bills ranging significantly across the county. Zip code 48006 has the highest median home price at $233,100.

Property Tax Assessment Values Across Greenwood, St. Clair County, Michigan

Source: Ownwell

$54,200

$198,700

$343,200

Median Greenwood Market Value

$268,600

Median St. Clair County Market Value

$214,800

Median Michigan Market Value

$213,740

Median United States Market Value

$235,294

Property Tax Assessment Values Across Greenwood, St. Clair County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48006	$130,680	$200,000	$268,600	$343,500	$429,320

Source: Ownwell

Property Tax Bills Across Greenwood, St. Clair County, Michigan

In Greenwood, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is a percentage of the market value, and the local tax rate is applied to this assessed value to determine the tax bill. For homeowners in Greenwood, the median tax bill is significantly lower than the national median, with the 25th percentile at $513 and the 75th percentile at $944. This range suggests that while some homeowners enjoy relatively low tax bills, others may find their bills more burdensome. The highest median tax bill in the region is $707, which is still below the national median bill of $2400. Factors such as property size, location, and market trends can influence these assessments. Ownwell offers expert property tax appeal and exemption services, helping homeowners ensure their tax assessments are fair and accurate. By leveraging Ownwell's expertise, homeowners can potentially lower their tax bills, ensuring they only pay their fair share.

Property Tax Bills Across Greenwood, St. Clair County, Michigan

Source: Ownwell

$54

$1,416

$2,777

Median Greenwood Tax Bill

$753

Median St. Clair County Tax Bill

$1,650

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Greenwood, St. Clair County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48006	$335	$540	$753	$1,036	$1,396

Source: Ownwell