Tipton, Washtenaw County, Michigan Property Taxes

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

Median Tipton, MI effective property tax rate: 0.40%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Tipton, MI home value: $186,900
Median annual Tipton, MI tax bill: $737, $1,663 lower than the national median property tax bill of $2,400.

How are property taxes in Washtenaw calculated?

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

Last Updated March 1, 2025

Tipton, Washtenaw County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.03%

Estimate Property Tax Bill

$2,395

$2,222

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

Property Tax Rates Across Tipton, Washtenaw County, Michigan

As noted earlier, local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Tipton’s effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S.

Property Tax Rates Across Tipton, Washtenaw County, Michigan

Source: Ownwell

0.56%

1.29%

2.01%

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 Tipton Tax Rate

1.03%

Median Effective Washtenaw County Tax Rate

1.44%

Median Effective Michigan Tax Rate

1.05%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Tipton, Washtenaw County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49287	0.81%	0.91%	1.03%	1.37%	1.81%

Source: Ownwell

Property Tax Assessment Values Across Tipton, Washtenaw County, Michigan

When examining property taxes in Tipton, 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 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 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 Tipton. For example, the median home price in Tipton is $186,900, with tax bills ranging significantly across the county. 49287 has the highest median home price at $186,900.

Property Tax Assessment Values Across Tipton, Washtenaw County, Michigan

Source: Ownwell

$192,400

$636,800

$1,081,200

Median Tipton Market Value

$232,500

Median Washtenaw County Market Value

$374,000

Median Michigan Market Value

$213,740

Median United States Market Value

$235,294

Property Tax Assessment Values Across Tipton, Washtenaw County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49287	$79,340	$144,700	$232,500	$328,900	$498,480

Source: Ownwell

Property Tax Bills Across Tipton, Washtenaw County, Michigan

In Tipton, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. Homeowners in Washtenaw County generally face a median property tax bill of $737, significantly lower than the national median of $2,400. This relatively low tax burden is a result of the area's property tax rate and the assessed values of homes. For instance, the 25th percentile tax bill is around $479, while the 75th percentile reaches approximately $1,167, indicating a range that depends on property value and location within the county. Homeowners in Tipton can benefit from appealing their property tax assessments, potentially lowering their tax bills. This is where Ownwell can be instrumental. By providing expert property tax appeal services, Ownwell helps homeowners ensure their property is fairly assessed, potentially leading to significant savings. By leveraging local market insights and tax expertise, Ownwell can assist homeowners in reducing their property tax liabilities, ensuring they only pay their fair share.

Property Tax Bills Across Tipton, Washtenaw County, Michigan

Source: Ownwell

$1,710

$8,921

$16,132

Median Tipton Tax Bill

$2,610

Median Washtenaw County Tax Bill

$5,801

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Tipton, Washtenaw County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49287	$890	$1,663	$2,610	$3,781	$4,854

Source: Ownwell