Grand Traverse County, Michigan property tax
The median homeowner in Grand Traverse County, Michigan pays $2,900 a year in property tax on a home worth $296,200, an effective rate of 0.98%. The national effective rate is 0.98%.
What the rate means here
Grand Traverse County taxes property at 0.98%, within a rounding error of the national 0.98%. The median bill of $2,900 therefore tracks the median home value of $296,200 fairly directly, which is not true everywhere.
It ranks #67 of 82 Michigan counties by effective rate, against a statewide 1.28%, and #1,082 nationally. The state runs from 1.86% in Ingham County down to 0.70% in Leelanau County.
The median home costs 3.73 times the median household income of $79,486, close to the national 3.86. The county has 95,757 residents, which is small enough that the medians describe a reasonably coherent market.
The rate is derived rather than quoted. How and why.
What that costs at different home values
Arithmetic at the county effective rate, before any exemption or assessment cap.
Housing and income
| Grand Traverse County | Michigan | United States | |
|---|---|---|---|
| Effective property tax | 0.98% | 1.28% | 0.98% |
| Median tax bill | $2,900 | $2,795 | $2,969 |
| Median home value | $296,200 | $217,600 | $303,400 |
| Median gross rent | $1,215 | $1,084 | $1,348 |
| Median household income | $79,486 | $71,149 | $78,538 |
| Home price to income | 3.73× | 3.06× | 3.86× |
| Rent as share of income | 18.34% | 18.28% | 20.6% |
| Owner-occupied | 76.53% | 72.92% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 95,757.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Lenawee County | 1.33% | $2,412 | $181,100 |
| Lapeer County | 0.95% | $2,185 | $229,100 |
| Bay County | 1.63% | $2,205 | $135,100 |
| Midland County | 1.50% | $2,771 | $184,300 |
| Eaton County | 1.41% | $2,924 | $206,700 |
Grand Traverse County property tax: common questions
What is the property tax rate in Grand Traverse County, Michigan?
The effective rate is 0.98% of home value, from a median tax bill of $2,900 against a median home value of $296,200. That is 0 points above the national 0.98%.
How much is property tax on a $400,000 home in Grand Traverse County?
Roughly $3,920 a year at the county effective rate of 0.98%.
Is Grand Traverse County expensive compared with the rest of Michigan?
It ranks #67 of 82 Michigan counties by effective property tax rate, and #1082 of 2,826 nationally. That is 0.3 points below the Michigan average of 1.28%.
What does housing cost in Grand Traverse County?
The median home is worth $296,200 and median gross rent is $1,215 a month. Median household income is $79,486, which puts the home at 3.73 times annual income and rent at 18.34% of it.