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Updated about 3 years ago on . Most recent reply

User Stats

124
Posts
41
Votes
Nader Hachem
  • Dearborn, MI
41
Votes |
124
Posts

Estimating Non Homestead Property Taxes

Nader Hachem
  • Dearborn, MI
Posted

Hey all,

i've been looking to see how to estimate property taxes for running my numbers. I don't want to rely on the #s that show up in the listing, because i know that is if it's a primary residence.

For those located in Michigan, i've been using the following website https://treas-secure.state.mi.... . I've been trying to do it specifically for Redford, MI. which is a B-, B location. I was able to select options for county (Wayne), city (redford Township) and the different school districts. I'm looking to estimate taxes on a 125K house, so i put $125,000 into taxable value. 

Taxes ended up coming out to ~$10,000 in this situation which i know is ridiculously high for this area... am i doing something wrong here? What tools do you use for estimating property taxes?

Most Popular Reply

User Stats

3
Posts
1
Votes
Alexander Villamar
  • Investor
  • Las Vegas
1
Votes |
3
Posts
Alexander Villamar
  • Investor
  • Las Vegas
Replied

The state determines the value. Go to the county assessor for the property and you'll see the SEV listed. 

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