Grosse Pointe Park, Wayne County, Michigan Property Taxes
Median Grosse Pointe Park, MI effective property tax rate: 0.94%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Grosse Pointe Park, MI home value: $419,000
Median annual Grosse Pointe Park, MI tax bill: $4,166, $1,766 higher than the national median property tax bill of $2,400.
How are property taxes in Wayne County calculated?
Property taxes in Grosse Pointe Park, 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 Park’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Grosse Pointe Park, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Grosse Pointe Park, Wayne County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.94%
Estimate Property Tax Bill
$3,939
$3,655
Property Tax Rates Across Grosse Pointe Park, Wayne County, Michigan
Local government entities set tax rates, which can vary widely within a state. Annually, Wayne 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 Park’s effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S.
Grosse Pointe Park in Wayne County boasts a property tax rate of 0.94%, which is slightly below the national median of 1.02%. This lower rate can lead to considerable savings for homeowners when compared to the national median property tax bill of $2400. Understanding these rates can empower property owners to make informed decisions and potentially save on taxes. By examining the effective rates, homeowners can better navigate the complexities of property taxes and ensure they are not overpaying.
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 Park Tax Rate
0.94%
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 Park, Wayne County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48230 | 0.67% | 0.82% | 0.94% | 1.12% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Grosse Pointe Park, Wayne County, Michigan
When examining property taxes in Grosse Pointe Park, 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 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 Grosse Pointe Park. For example, the median home price in Grosse Pointe Park is $419,000, with tax bills ranging significantly across the county. Zip code 48230 has the highest median home price at $419,000.
Property Tax Assessment Values Across Grosse Pointe Park, Wayne County, Michigan
Source: Ownwell
$26,200
$320,700
$615,200
Median Grosse Pointe Park Market Value
$419,000
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 Park, Wayne County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48230 | $243,520 | $307,750 | $419,000 | $552,400 | $704,380 |
Source: Ownwell
Property Tax Bills Across Grosse Pointe Park, Wayne County, Michigan
In Grosse Pointe Park, located in Wayne County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The median home price in this area is $419,000, and property taxes are a significant consideration for homeowners. The tax bill for the 25th percentile is $2,720, while it rises to $5,565 for the 75th percentile and $7,313 for the 90th percentile. The highest median tax bill in the area is $4,166, which is notably higher than the national median property tax bill of $2,400.
Factors influencing property tax bills include the assessed value, local tax rates, and any applicable exemptions or reductions. High property taxes can impact homeowners by increasing the cost of homeownership and affecting affordability. Ownwell assists homeowners by identifying potential savings through property tax appeals and ensuring they receive all eligible exemptions. By leveraging expert knowledge and experience, Ownwell helps reduce property tax burdens, providing financial relief to homeowners in Grosse Pointe Park.
Property Tax Bills Across Grosse Pointe Park, Wayne County, Michigan
Source: Ownwell
$632
$6,198
$11,764
Median Grosse Pointe Park Tax Bill
$4,166
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 Park, Wayne County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48230 | $1,861 | $2,720 | $4,166 | $5,565 | $7,313 |
Source: Ownwell