Grosse Pointe Farms, Wayne County, Michigan Property Taxes
Median Grosse Pointe Farms, MI effective property tax rate: 0.95%, slightly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Grosse Pointe Farms, MI home value: $399,400
Median annual Grosse Pointe Farms, MI tax bill: $4,087, $1,687 higher than the national median property tax bill of $2,400.
How are property taxes in Wayne County calculated?
Property taxes in Grosse Pointe Farms, 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 Grosse Pointe Farms’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Grosse Pointe Farms, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Grosse Pointe Farms, Wayne County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.95%
Estimate Property Tax Bill
$3,794
$3,521
Property Tax Rates Across Grosse Pointe Farms, Wayne County, Michigan
Local government entities set tax rates, which can vary widely within a state. 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 Grosse Pointe Farms’ effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S.
Grosse Pointe Farms, located in Wayne County, showcases a competitive property tax environment. The city's effective property tax rate is slightly below the national median, making it an attractive location for homeowners seeking financial relief. Compared to the state median, Grosse Pointe Farms also offers a favorable tax rate, providing residents with a balanced approach to property taxation. This makes the city an appealing choice for both current and prospective homeowners. By understanding the local tax landscape, residents can make informed decisions about their property investments and take advantage of potential savings.
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 Grosse Pointe Farms Tax Rate
0.95%
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 Grosse Pointe Farms, Wayne County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48230 | 0.77% | 0.80% | 0.88% | 1.08% | 1.26% |
| 48236 | 0.79% | 0.87% | 0.96% | 1.15% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Grosse Pointe Farms, Wayne County, Michigan
When examining property taxes in Grosse Pointe Farms, 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 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 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 Grosse Pointe Farms.
For example, the median home price in Grosse Pointe Farms is $399,400, with tax bills ranging significantly across the county. The zip code 48236 has the highest median home price at $402,800.
Property Tax Assessment Values Across Grosse Pointe Farms, Wayne County, Michigan
Source: Ownwell
$26,200
$320,700
$615,200
Median Grosse Pointe Farms Market Value
$399,400
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 Grosse Pointe Farms, Wayne County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48230 | $287,080 | $326,250 | $359,800 | $400,850 | $432,800 |
| 48236 | $270,600 | $313,600 | $402,800 | $706,350 | $1,090,260 |
Source: Ownwell
Property Tax Bills Across Grosse Pointe Farms, Wayne County, Michigan
Property tax bills in Grosse Pointe Farms, located within Wayne County, MI, are determined by the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. With a median home price of $399,400, property tax bills can vary significantly, ranging from $3,022 at the 25th percentile to $11,073 at the 90th percentile. The median property tax bill in the area is notably higher than the national median of $2,400, reflecting the city's higher property values and tax rates.
Homeowners in Grosse Pointe Farms can benefit from seeking property tax appeals and exemptions to potentially lower their tax burden. Ownwell offers expert consulting services to assist homeowners in navigating the complexities of property tax assessments. By analyzing property valuations and identifying discrepancies, Ownwell helps homeowners file successful appeals, ensuring they pay only their fair share. This service can lead to substantial savings, making it a valuable resource for those looking to reduce their property tax expenses.
Property Tax Bills Across Grosse Pointe Farms, Wayne County, Michigan
Source: Ownwell
$632
$6,198
$11,764
Median Grosse Pointe Farms Tax Bill
$4,087
Median Wayne County Tax Bill
$1,625
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Grosse Pointe Farms, Wayne County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48230 | $2,667 | $2,891 | $3,253 | $4,048 | $4,572 |
| 48236 | $2,473 | $3,035 | $4,142 | $7,233 | $11,126 |
Source: Ownwell