Redford, Wayne County, Michigan Property Taxes
Median Redford, MI effective property tax rate: 0.72%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Redford, MI home value: $128,600
Median annual Redford, MI tax bill: $982, $1,418 lower than the national median property tax bill of $2,400.
How are property taxes in Wayne calculated?
Property taxes in Redford, 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 Redford’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Redford, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Redford, Wayne County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.72%
Estimate Property Tax Bill
$926
$859
Property Tax Rates Across Redford, Wayne County, Michigan
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.
In Redford, located in Wayne County, MI, the effective property tax rate is an important factor for homeowners to consider. The median property tax rate in this area is 0.72%, which is lower than the national median of 1.02%. Within Wayne County, the rates can vary, with the highest median tax rate reaching 0.84% in the 48240 zip code, while the lowest is 0.71% in the 48239 zip code. This range highlights the diversity in property tax rates even within a single county.
For homeowners in Redford, understanding these rates can be crucial when planning finances or considering property investments. Comparing these rates to other cities in Michigan and across the U.S. can provide valuable insights into local tax burdens and 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 Redford Tax Rate
0.72%
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 Redford, Wayne County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48239 | 0.50% | 0.53% | 0.71% | 1.10% | 1.77% |
| 48240 | 0.55% | 0.60% | 0.84% | 1.13% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Redford, Wayne County, Michigan
When examining property taxes in Redford, 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 Redford.
For example, the median home price in Redford is $128,600, with tax bills ranging significantly across the county. Zip code 48239 has the highest median home price at $136,800.
Property Tax Assessment Values Across Redford, Wayne County, Michigan
Source: Ownwell
$26,200
$320,700
$615,200
Median Redford Market Value
$128,600
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 Redford, Wayne County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48239 | $67,400 | $107,600 | $136,800 | $161,400 | $195,000 |
| 48240 | $82,000 | $101,600 | $117,200 | $133,600 | $159,000 |
Source: Ownwell
Property Tax Bills Across Redford, Wayne County, Michigan
Median Redford Tax Bill
$982
Median Wayne County Tax Bill
$1,625
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Redford, Wayne County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48239 | $631 | $756 | $994 | $1,326 | $1,769 |
| 48240 | $597 | $722 | $957 | $1,294 | $1,676 |
Source: Ownwell