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04-04-2008, 09:40 AM
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Senior Member
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Join Date: Sep 2007
104 posts, read 114,083 times
Reputation: 39
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Property taxes in MI
I have seen a lot of people complaining that their property tax is outrageous. Is this only in Detroit, or is it a statewide problem. Are property taxes way out in the county cheaper?
There are a lot of repos all over MI, but i am more interested in the UP area, away from city limits. How are taxes there?
Just wondering...
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04-04-2008, 11:28 AM
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Senior Member
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Join Date: Sep 2007
Location: Grosse Ile Michigan and Sometimes Orange County CA
4,548 posts, read 3,512,331 times
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Property taxes tend to be high in cities with great schools and in Detroit. they are somewhat lower elsewhere. Expect to see increases though as Lansing discoveres that their funding for pork is drying up.
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04-04-2008, 11:41 AM
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Senior Member
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Join Date: Sep 2007
104 posts, read 114,083 times
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I would guess counties vary also. Maybe some examples are best.
I'm in a smaller town and city and county taxes on 100k are around $1,100 a year.
How does this compare?
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04-04-2008, 01:24 PM
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Member
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Join Date: Jul 2007
Location: Keweenaw Peninsula, Michigan
78 posts, read 112,847 times
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the State provides this calculator for property taxes in specific municipalities:
https://treas-secure.state.mi.us/pte...testimator.asp (broken link) [if it doesn't work, just google 'michigan treasury property tax calculator']
A $120,00 primary residence in Traverse City has property taxes of about $2165/yr
In Lansing, the $120,000 home = $2757/yr
In the UP's village of Ontonogan = $1734/yr
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04-04-2008, 01:26 PM
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Member
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Join Date: Jul 2007
Location: Keweenaw Peninsula, Michigan
78 posts, read 112,847 times
Reputation: 41
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the State provides this calculator for property taxes in specific municipalities:
https://treas-secure.state.mi.us/pte...testimator.asp [if it doesn't work, just google 'michigan treasury property tax calculator']
A $120,00 primary residence in Traverse City has property taxes of about $2165/yr
In Lansing, the $120,000 home = $2757/yr
In the UP's village of Ontonogan = $1734/yr
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04-04-2008, 03:42 PM
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Senior Member
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Join Date: May 2007
Location: Lake Norman area, NC. Formerly Michigan.
659 posts, read 592,097 times
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It can vary within a county a lot, too. My mom pays about $2000 a year, and my aunt pays only like $900 a year. They are about 10 miles apart in the same county. Different townships.
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04-04-2008, 10:00 PM
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Senior Member
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Join Date: Oct 2007
Location: Las Cruces, NM
311 posts, read 162,484 times
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Holt has a 44.3 mill rate which seems pretty high to me. I pay over 4K in taxes a year.
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04-04-2008, 10:31 PM
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Senior Member
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Join Date: Aug 2007
Location: Grass Lake, Michigan
104 posts, read 80,714 times
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My property taxes were I live(Jackson County, Grass Lake Township)are somewhat high I believe. I own what I consider to be a medium size home at 1,500 sq ft. I have an acre and a half on which it sits. Wooded, to the south of town and quiet. I added on 600 sq ft of livible space almost four years ago. That should give you an idea how big it was before. Prior to that my taxes were a little over $1,800 a year. After I finished expanding, they shot up to over $2,300. Up until four years ago, there was alot of building and selling going on. A desirable location! Our property taxes are tied to the market conditions of the particular area in which they are located. If your taxable value(determined by the local tax assessor)has not caught up with your assessed value, or state equalized value, your property taxes may still go up. I believe that sometime within the next 12 months you will see a movement to alter or change the law concerning the property values and how they relate to taxes. Remember this, property taxes are in the top three for revenue generation in the state. It's what provides the services that we want. How much can we all bear? As for up north, I own about an acre and a quarter just outside of St. Ignace on Highway 2. I have a driveway and a garage. No electric, water or septic as of yet. I purchased this about five years ago. I paid $23,500. Way to much but at the time the market was high and it seemed reasonable. I pay a little over $300 a year in property taxes. Property in the North is cheap for a reason. There is little in the way up there for economic boom! It is in my opinion a vacation/retirement destination. If you are looking for good deals, look up north but watch out for the difference between the properties taxable value and the assessed value. It can be alot.
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04-05-2008, 06:30 PM
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Senior Member
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Join Date: Jan 2008
210 posts, read 220,908 times
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I have heard that the property taxes that are listed on the actual house listing can be negotiated if the home is your primary dwelling. Does anyone know about this??
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04-05-2008, 06:52 PM
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Senior Member
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Join Date: Oct 2007
Location: Las Cruces, NM
311 posts, read 162,484 times
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The rates will be different depending upon if it's your primary or a secondary residence but the rates are set by the taxing authority. The only 'negotiation' is the recalculation depending on your situation. At least that's my understanding.
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