South Lyon, Washtenaw County, Michigan Property Taxes
Median South Lyon, MI effective property tax rate: 0.89%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median South Lyon, MI home value: $390,700
Median annual South Lyon, MI tax bill: $3,607, $1,207 higher than the national median property tax bill of $2,400.
How are property taxes in Washtenaw County calculated?
Property taxes in South Lyon, 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 South Lyon’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in South Lyon, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
South Lyon, Washtenaw County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.89%
Estimate Property Tax Bill
$3,477
$3,227
Property Tax Rates Across South Lyon, Washtenaw County, Michigan
Local government entities are responsible for setting tax rates, which can vary significantly within Michigan. Annually, each county estimates the budget needed to provide essential services and divides this by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in determining tax rates and budgets, this is the fundamental annual process.
In South Lyon, located in Washtenaw County, the effective property tax rate is notably lower than the national median of 1.02%. This can be advantageous for property owners seeking to minimize their tax expenses. When compared to other cities in Michigan and the national average, South Lyon's property tax rate is competitive, offering residents a more affordable option. Lower property tax rates can make owning property more attractive, potentially increasing demand and property values in the area. Understanding these rates is crucial for property owners looking to manage their expenses effectively. As such, South Lyon presents a favorable environment for property investment, with its competitive tax rates contributing to its appeal.
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 South Lyon Tax Rate
0.89%
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 Washtenaw County Tax Rate
1.22%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across South Lyon, Washtenaw County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48178 | 0.71% | 0.80% | 0.89% | 1.04% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across South Lyon, Washtenaw County, Michigan
When examining property taxes in South Lyon, 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 Washtenaw 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 Washtenaw County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 South Lyon. For example, the median home price in South Lyon is $390,700, with tax bills ranging significantly across the county. ZIP code 48178 has the highest median home price at $390,700.
Property Tax Assessment Values Across South Lyon, Washtenaw County, Michigan
Source: Ownwell
$160,400
$540,000
$919,600
Median South Lyon Market Value
$390,700
Median Washtenaw County Market Value
$319,000
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across South Lyon, Washtenaw County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48178 | $221,150 | $297,625 | $390,700 | $549,025 | $727,100 |
Source: Ownwell
Property Tax Bills Across South Lyon, Washtenaw County, Michigan
In South Lyon, located in Washtenaw County, MI, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, which is influenced by factors such as location, size, and condition of the property. Homeowners in South Lyon face a median property tax bill of $3,607, which is significantly higher than the national median of $2,400. This can place a substantial financial burden on homeowners, especially when compared to the national median property tax rate of 1.02%.
Ownwell offers a solution for homeowners looking to reduce their property tax bills. By analyzing property assessments and market data, Ownwell identifies opportunities for appealing over-assessed values. This can lead to significant savings by ensuring that homeowners are not overpaying on their property taxes. With Ownwell's expertise and personalized approach, homeowners in South Lyon can achieve a fairer tax bill, easing the financial strain and maximizing their investment.
Median South Lyon Tax Bill
$3,607
Median Washtenaw County Tax Bill
$4,022
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across South Lyon, Washtenaw County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48178 | $2,066 | $2,681 | $3,607 | $4,956 | $6,603 |
Source: Ownwell