Michigan

Michigan has an effective property tax rate of 1.38%, with a median annual property tax of $3,100. Properties are assessed at 50.0% of market value and reassessed annual (assessments updated yearly; proposal a caps taxable value increases at 5% or cpi, whichever is less, until sale). Payments are due semi-annual.

Effective Rate

1.38%

Assessment Ratio

50.0%

Median Annual Tax

$3,100

Payment Frequency

Semi-Annual

Appeal Deadline

By March Board of Review meeting (first or second week of March); written protest deadline varies by locality

Due Dates

Summer tax due July 1 (delinquent September 14); winter tax due December 1 (delinquent February 14). Varies by locality.

Reassessment Cycle

Annual (assessments updated yearly; Proposal A caps taxable value increases at 5% or CPI, whichever is less, until sale)

Homestead Exception

Principal Residence Exemption (PRE): exempt from 18-mill school operating tax (saves ~$1,000-$2,000/year for average home). Must be owner-occupied.

Key Notes

Proposal A (1994) caps taxable value growth at lesser of 5% or CPI until ownership transfer, when it uncaps to 50% of true cash value. Two separate tax seasons (summer/winter) with different collecting authorities. Headlee Amendment limits revenue growth.

Late Penalty

1% per month penalty on summer taxes; 1% per month on winter taxes; after March 1 adds 4% administration fee; county forfeiture at 4% per month

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