Flat Rock, Wayne County, Michigan Property Taxes
Median Flat Rock, MI effective property tax rate: 1.23%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%. Median Flat Rock, MI home value: $254,800. Median annual Flat Rock, MI tax bill: $2,890, $490 higher than the national median property tax bill of $2,400.
How are property taxes in Wayne County calculated?
Property taxes in Flat Rock, 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 Flat Rock’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Flat Rock, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Flat Rock, Wayne County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.23%
Estimate Property Tax Bill
$3,134
$2,908
Property Tax Rates Across Flat Rock, Wayne County, Michigan
Local government entities have the responsibility of setting tax rates, which can differ significantly within a state. Each year, counties estimate their necessary budget to maintain services and divide that by the total assessed value of all taxable property in their area. This process determines the property tax rate. Although voting and legislation play roles in shaping tax rates and budgets, this is essentially the annual procedure.
In Flat Rock, located in Wayne County, MI, the effective property tax rate provides an interesting comparison to other cities in Michigan, as well as to the median property tax rates statewide and across the U.S. The national median property tax rate stands at 1.02%, with a median property tax bill of $2400. Understanding how Flat Rock's rate aligns with these figures can offer valuable insights into local tax dynamics. By examining these comparisons, property owners can better grasp how their tax liabilities stack up against regional and national benchmarks, potentially identifying opportunities for tax appeals or exemptions to optimize their property tax obligations.
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 Flat Rock Tax Rate
1.23%
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 Wayne County Tax Rate
1.44%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Flat Rock, Wayne County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48134 | 0.79% | 0.94% | 1.23% | 1.60% | 2.01% |
Source: Ownwell
Property Tax Assessment Values Across Flat Rock, Wayne County, Michigan
When examining property taxes in Flat Rock, 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 Wayne County Assessor 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 Wayne 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 Flat Rock. For example, the median home price in Flat Rock is $254,800, with tax bills ranging significantly across the county. Zip code 48134 has the highest median home price at $254,800.
Property Tax Assessment Values Across Flat Rock, Wayne County, Michigan
Source: Ownwell
$26,200
$320,700
$615,200
Median Flat Rock Market Value
$254,800
Median Wayne County Market Value
$126,800
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Flat Rock, Wayne County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48134 | $133,200 | $178,000 | $254,800 | $324,000 | $378,200 |
Source: Ownwell
Property Tax Bills Across Flat Rock, Wayne County, Michigan
Median Flat Rock Tax Bill
$2,890
Median Wayne County Tax Bill
$1,625
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Flat Rock, Wayne County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48134 | $1,438 | $2,140 | $2,890 | $4,057 | $5,206 |
Source: Ownwell