![]() Cities and townships, counties, school districts, and special districts rely heavily on property taxes to generate revenue. ![]() The tax is used to fund public services, such as education, public safety, and infrastructure.Īccording to the Tax Foundation, Michigan is ranked 13th in terms of property taxes in 2020, with an effective property tax rate of 1.44 percent. The tax is imposed on the ownership of real property, such as land and buildings. The Michigan property tax is one of the major sources of revenue for the state and local governments. It is possible to have access to the school district zone of your choice while avoiding some property taxes by living in a specific township. As of 2019, East Lansing’s 1% income tax will be in effect. You can deduct all or a portion of your property tax payments if your income taxes are properly deductible. You can apply for a Primary Residence Exemption (PRE) if you live in your home. If it is held by the same person, the taxable value cannot rise more than 5% per year. There is a limit on how much taxable value your property can exceed in East Lansing and Meridian Township. ![]() In Ingham County, which includes much of Greater Lansing’s central, east, and south boundaries, a millage has been in place to fund libraries since 2000. Millage rates vary depending on the region in which you live, but everyone will pay the same amount regardless of location. Property taxes are a major source of revenue for local governments, and they help to make Okemos a great place to live.īuying a home is often influenced by the property tax. It also helps to maintain roads and other infrastructure. The tax revenue is used to fund public services like schools, parks, and police and fire protection. Homeowners in Okemos, Michigan, pay taxes on their property to support the quality of life in their community.
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