Texas Property Tax Calculator

Michigan Property Tax Calculator

Michigan Property Tax Calculator

Estimate your property taxes based on Michigan's assessment rates and mill rates

1
Property Details
2
Location
3
Owner Info
4
Exemptions
5
Results
Michigan Assessment Rates
Michigan assesses properties at 50% of true cash value with an average effective property tax rate of ~1.15%. Taxable value increases are capped at 5% per year or the rate of inflation, whichever is less.

Property Details

Enter the true cash value (market value) of your property in USD

Please enter a valid true cash value

Enter the previous year's taxable value (if known)

Current inflation rate (default: 2.3%)

Different property types have different tax rates in Michigan

Please select a property type

Enter the total square footage of the property

Please enter valid square footage

Enter the total acreage of the property

Please enter valid acreage

Enter the year the property was constructed

Please enter a valid year

The year for which you want to calculate property taxes

Please select an assessment year

Principal residences qualify for the Principal Residence Exemption (PRE)

Recent purchases may trigger a taxable value "uncapping"

Location Information

Your county determines some of your tax rates

Please select a county

Your city/township determines your local millage rates

School districts have their own millage rates

Special assessment districts may have additional millage rates

Owner Information

Your ownership status may affect exemption eligibility

Please select an ownership status

Enter how many years you've owned the property

Please enter a valid duration

Enter owner's age (required for certain exemptions)

Please enter a valid age

Required for Homestead Property Tax Credit eligibility

Disabled veterans may qualify for property tax exemptions

Seniors may qualify for additional property tax credits

Exemption Eligibility

Check all exemptions that apply to your property

Exempts property from up to 18 mills of school operating taxes

100% exemption for qualifying disabled veterans

For low-income homeowners who meet local guidelines

State income tax credit for qualifying homeowners and renters

Exempts property from up to 18 mills of school operating taxes

For qualifying industrial properties

For qualifying residential properties in designated zones

For qualifying rehabilitated commercial properties

For qualifying rehabilitated obsolete properties

Property Tax Assessment Results

Assessment Summary

True Cash Value: $0
State Equalized Value (SEV): $0
Previous Taxable Value: $0
Capped Value Increase: $0
Current Taxable Value: $0

Millage Rate Information

County Operating Millage: 0.00
City/Township Millage: 0.00
School Operating Millage: 0.00
School Debt Millage: 0.00
State Education Tax: 6.00
Special Assessment Millage: 0.00
Total Millage Rate: 0.00

Tax Calculation

County Tax: $0
City/Township Tax: $0
School Operating Tax: $0
School Debt Tax: $0
State Education Tax: $0
Special Assessment Taxes: $0
Total Property Tax: $0
Homestead Property Tax Credit: $0
Net Annual Tax Amount: $0
Effective Tax Rate: 0.00%

Payment Information

Summer Tax Due: $0
Winter Tax Due: $0
Summer Tax Due Date: July 1 (payable by September 14)
Winter Tax Due Date: December 1 (payable by February 14)

Disclaimer: This calculator provides an estimate of property taxes based on the information provided. Actual tax amounts may vary. Please consult with your local tax assessor's office for official tax information.

With our all-inclusive calculator, project your Texas annual property tax obligation. Your total tax bill will be found by entering the assessed value of your property, local tax rate, and relevant exemption, so guiding your financial decisions.

This is a calculator?

A Texas Property Tax Calculator is a tool meant to assist homeowners and prospective buyers in approximating their annual property tax depending on local assessments, tax rates, and available exemptions. Entering the assessed value, tax rate, and any relevant credits or exemptions for your property will help you to determine your annual tax due.

Why It Matters

One major outlay for homeowners is property taxes. In Texas, where rates vary by county and municipality, knowing your property tax helps you to:

  • Plan monthly escrow payments for a mortgage.
  • Analyze tax loads in several locations.
  • Evaluate the effects of exemptions akin to the homestead exemption.
  • Buy, sell, or refinance a house with knowledge in mind.

Comptroller of Texas

Brief History

  • Early Foundations: Since statehood, Texas’s property tax system has been in use as a main source of income for local governments.
  • County assessment agencies evaluate properties based on their market value, so reflecting the market value as of January 1 every year.
  • Tax relief initiatives have been instituted over time, including exemptions for the elderly and disabled veterans.

How It Is Done

The annual property tax formula:
Assessed Value – Exemptions × Tax Rate

  • Value Assessed: The county appraisal district’s assessment of your property’s market value.
  • Tax Rate: Represented as a percentage, the total tax rate from all taxing authorities—county, city, school district.
  • Exemptions: Deductions for qualifying properties including the Homestead Exemption or Disabled Veteran Exemption.

Home Tax Shield plus one

Texas Comptroller +1

Methodical: Step-by-step

  1. Introduce Assessed Value
    Get this from your district of county appraisals.
  2. Find your tax rate
    On your tax bill or local government website; it varies depending on your locality.
  3. Apply exemptions for which you qualify, such as:
  4. Homestead exemption: Reduces a main residence’s taxable value.
  5. Over-65 exemptions: Additional tax value reductions for homeowners above a designated age.
  6. Disability exemptions: Relief for homeowners with qualifying disabilities.
  7. Find your annual property tax using the formula.

Important Components and Inputs

Input Definition
Evaluated Value County assessment district’s calculated market value of the property.
Tax Rate Combined tax rate from all taxing authorities stated as a percentage.
Homestead Exemption Lowers the value for taxes on a main residence.
Over-65 Exemption Offers further tax value savings for homeowners above a certain age.
Disability Exemption Provides relief for qualifying handicap homeowners.
Other Local Exemptions Extra deductions depending on local initiatives or property use.

Types of Expenses and Results

Product What It Means
Gross Tax Total Before exemptions or credits.
General Exemptions All relevant exemptions and credits taken together.
Final Annual Tax Due Net after applying credits and exemptions.
Monthly Tax Estimate Net tax due split by 12. Useful for budgeting.
Effective Tax Rate (%) Net tax due divided by assessed value.

Examples of Scenarios and Sample Calculations

Assessed Value Tax Rate Exemptions Gross Tax Exemptions Total Net Tax Due Monthly Effective Rate
$150,000 2.00% None $5,000.00 $0.00 $5,000.00 $416.67 2.00%
$2,300,000 2.25% Homestead ($100,000) $6,750.00 $2,250.00 $4,500.00 $375.00 0.50%
$3,020,000 $5,000.00 Over-65 ($110,000) $2,750.00 $2,250.00 $187.50 1.13%
$400,000 2.00% Disabled Veteran (100%) $8,000.00 $8,000.00 $0.00 $0.00 0.00%
$350,000 (×5) 1.75% Homestead ($100,000) + Over-65 ($10,000) $6,525.00 $1,925.00 $4,200.00 $350.00 1.20%

Note:

  • A main residence’s taxable value is lowered by the Homestead Exemption.
  • Additional savings for homeowners above a particular age come from the Over-65 Exemption.
  • The Disabled Veteran Exemption offers up to a 100% exemption for qualified persons.

Interactive Tables and Charts: Average County Tax Rates

County Average Tax Rate
El Paso 2.14%
Fort Bend 2.06%
Webb 2.00%
Harris 1.77%
Travis 1.61%
Collin 1.75%
Dallas 1.73%
Denton 1.78%
Bexar 1.89%
Williamson 1.83%

Note: Rates vary locally and change annually.

Commonly Asked Questions (FAQs)

Q1: How is the assessed value determined?
The County Appraisal District sets the evaluated value, which represents the market value of the property as of January 1 every year.

Q2: What is the Homestead Exemption?
The Homestead Exemption lowers the taxable value of a main residence, so lowering the property tax owing.

Q3: Are people with disabilities or seniors exempt as well?
Texas does provide further tax savings by granting extra exemptions for homeowners 65 years of age or older and for those with qualifying disabilities.

Q4: How can I request an exemption?
Applications are usually available online or at your local County Appraisal District office. Deadlines and requirements vary, so contact your CAD for details.

Q5: Do property tax rates change annually?
Yes, local government budgets and funding demands affect tax rates. For current rates, consult your local taxing body.

Note:
Estimates are based on current Texas tax rules and rates. For accurate calculations and exemption eligibility, consult your local County Appraisal District or the Texas Comptroller.

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