How much are property taxes in the City of Detroit?


Quick Answer

The Detroit Economic Growth Corporation shows that the net millage rate for property in Detroit is 84.5085. Because a mill is 1/1000 of the taxable value, the annual tax rate is roughly 8.45 cents per dollar. The taxable value of property in Detroit is 50 percent of its market value.

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Full Answer

Many components make up the total taxes that Detroit property owners pay, according to the Detroit Economic Growth Corporation's website. This includes the city of Detroit, Wayne County, Wayne County Community College, Huron Clinton Metropolitan Authority, Wayne County Intermediate School District, the Detroit Board of Education and the state of Michigan.

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