Property tax in Michigan
The effective rate is about 1.19% of the home's value a year (Tax Foundation, 2024). On a $400,000 home that is about $4,760 a year (our calculation). Rates vary a lot by county and town.
Property tax
1.19%
of home value a year
Tax on a $400,000 home
$4,760
A month
$397
Rank
37 of 51
1 = lowest
| State | Property tax | Rank |
|---|---|---|
| Minnesota | 1.00% | 35 |
| South Dakota | 1.00% | 36 |
| Michigan | 1.19% | 37 |
| Rhode Island | 1.19% | 38 |
| Kansas | 1.21% | 39 |
Common questions
What is the property tax rate in Michigan?
The effective rate is about 1.19% of the home's value a year (Tax Foundation, 2024). On a $400,000 home that is about $4,760 a year (our calculation). Rates vary a lot by county and town.
Does Michigan have high property taxes?
Michigan ranks 37 of 51 (1 = lowest effective rate), based on Tax Foundation's 2024 figures.
See the full monthly cost of a home with the mortgage calculator.
More for Michigan: monthly budget · take-home pay · rent.