Genesee County, MI Property Tax Search
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In-depth Genesee County, MI Property Tax Information
Assess all the factors that determine a property's taxes with a detailed report like the sample below. Create a free account and review your selected property's tax rates, value assessments and more.
See detailed property tax information from the sample report for 4448 morrish Rd, Genesee County, MI
Property Tax Calculation
Proposal A (1994), the main legal document regarding property taxation in the State of Michigan, mandates that tax calculation is based on two main factors: Taxable Value (TV) and State Equalized Value (SEV).
Market Value
The Genesee County Equalization Department establishes the true cash value also known as market value, for all taxable real property in the county. Market value has been defined by The Supreme Court as the sale price of real estate as agreed upon between a willing buyer and willing seller, with neither being under duress to buy or sell.
Assessed Value
The State Equalized Value, also known as assessed value is determined by the local assessor, based on the property's condition on December 31 of the previous year and is calculated using an assessment ratio set by the State Legislature. Currently, the assessment ratio applicable for real estate property in Genesee County is 50%.
Exemptions and Taxable Value
Property tax exemptions and deferment programs are available in The State of Michigan, which may lower the property's tax bill. These are deducted from the assessed value to give the property's taxable value. The taxable value may not increase by more than 5% or by more than the rate of inflation, whichever is lower (excluding new construction).
Our information indicates that this property does not currently benefit from any exemptions, therefore the taxable value is equal to the assessed value.
Property Tax
Property tax is calculated by multiplying the property's assessed value by the corresponding millage rates and is an estimate of what an owner not benefiting from any exemptions would pay.
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Genesee County Stats for Property Taxes
Explore the charts below for quick facts on Genesee County effective tax rates, median real estate taxes paid, home values, income levels and homeownership rates, and compare them to state and nationwide trends.
Effective tax rate (%)
1.47% of Assessed Home Value
1.35% of Assessed Home Value
1.02% of Assessed Home Value
Median real estate taxes paid
$2,323
$2,708
$2,869
Median home value
$158,400
$201,100
$281,900
Median income
$58,594
$68,505
$75,149
Owner occupied housing (%)
70.4%
72.5%
64.8%
Renter occupied housing (%)
29.6%
27.5%
35.2%
Frequently Asked Questions on Property Taxes
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