The rate in context
On a $400,000 home, 1.19% means roughly $4,760 per year in property tax, escrowed monthly, so it lands directly in your payment and your debt-to-income ratio.
Exemptions and notes
Proposal A caps annual taxable-value growth at the lesser of inflation or 5%; the cap "uncaps" and value resets to market when the home sells.
Sources: Tax Foundation 2026 (2024 ACS); NAR/NCSL transfer tax table. County-level rates vary; your county page has local detail.
Counties in Michigan
FAQ
What is the average property tax rate in Michigan?
The average effective property tax rate in Michigan is about 1.19%, per Tax Foundation 2026 (2024 ACS); NAR/NCSL transfer tax table. Individual counties vary above and below that average.
How do Michigan property taxes affect my mortgage?
Taxes are escrowed into your monthly payment, so a higher rate directly reduces how much house you qualify for. Proposal A caps annual taxable-value growth at the lesser of inflation or 5%; the cap "uncaps" and value resets to market when the home sells.