How much are property taxes in Monroe Township, MI?
Homeowners in Monroe Township, MI pay a median of $1,566 (±$429) a year in real estate taxes (2020–2024 American Community Survey, table B25103).
Homes with a mortgage pay a median of $1,464.
Homes without a mortgage pay a median of $1,594.
That is about 1.1% of the median home value of $141,700.
In Monroe Township, the median real estate tax went from $1,143 in 2015–2019 to $1,566 in 2020–2024 (+37.0%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median real estate taxes
- $1,566 (±$429)
- With a mortgage
- $1,464
- Without a mortgage
- $1,594
- Share of median value
- 1.1%
Real estate taxes in Monroe Township against Newaygo County, its state and the nation
| Monroe Township | Newaygo County | Michigan | United States | |
|---|---|---|---|---|
| Median real estate taxes | $1,566 (±$429) | $2,055 (±$95) | $2,904 (±$9) | $3,119 |
| Homes with a mortgage | $1,464 (±$854) | $2,258 (±$120) | $3,152 (±$13) | $3,489 |
| Homes without a mortgage | $1,594 (±$450) | $1,853 (±$101) | $2,593 (±$13) | $2,576 |
| Median home value | $141,700 (±$45,914) | $186,700 (±$7,057) | $231,600 (±$642) | $332,700 |
In Monroe Township, the median real estate tax is lower than in Newaygo County ($2,055).
It is also lower than in Michigan ($2,904).
It is lower than the national figure ($3,119).
In Newaygo County, Monroe Township ranks 19 of 28 places with a published estimate, from highest to lowest median real estate taxes.
Statewide, it ranks 1170 of 1,520.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Taxes as a share of home value in Monroe Township
The median tax ($1,566) is 1.1% of the median home value ($141,700).
Across Newaygo County the same ratio is 1.1%.
Across Michigan it is 1.3%.
This is a ratio of two medians, a rough effective rate: not the tax rate or mill rate the town, county or school district sets, and not any one home’s bill.
Owners report what they paid and what they think their home is worth; the assessor’s office publishes the actual rates and assessments.
How property taxes in Monroe Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median real estate taxes | $1,143 (±$234) | $1,566 (±$429) | +37.0% | No measurable change after inflation |
| Median home value | $82,000 (±$12,756) | $141,700 (±$45,914) | +72.8% | No measurable change after inflation |
| Median owner cost with a mortgage | $958 (±$59) | $1,286 (±$203) | +34.2% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median real estate taxes in places near Monroe Township
| Place | Distance | Median real estate taxes | Compared with this place |
|---|---|---|---|
| Monroe Township | — | $1,566 (±$429) | — |
| Norwich Township (Newaygo County) | 5.0 mi | $2,494 (±$212) | Higher |
| Home Township (Newaygo County) | 5.3 mi | $1,480 (±$233) | Not measurably different |
| Wilcox Township | 6.1 mi | $1,420 (±$137) | Not measurably different |
| Merrill Township | 7.1 mi | $1,213 (±$185) | Not measurably different |
| Barton Township | 7.2 mi | $1,458 (±$210) | Not measurably different |
| Lilley Township | 8.3 mi | $1,340 (±$177) | Not measurably different |
| Lincoln Township (Newaygo County) | 8.7 mi | $2,107 (±$296) | Higher |
| Goodwell Township | 8.8 mi | $2,242 (±$227) | Higher |
Nearby places with a measurably higher figure: Norwich Township (Newaygo County), MI ($2,494), Lincoln Township (Newaygo County), MI ($2,107), Goodwell Township, MI ($2,242).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median real estate taxes across Newaygo County, place by place
| Rank | Place | Median real estate taxes |
|---|---|---|
| 13 | Newaygo | $2,029 (±$286) |
| 14 | Ashland Township | $1,928 (±$246) |
| 15 | Grant Township (Newaygo County) | $1,920 (±$232) |
| 16 | Everett Township | $1,904 (±$206) |
| 17 | Bridgeton Township | $1,863 (±$330) |
| 18 | White Cloud | $1,781 (±$399) |
| 19 | Monroe Township | $1,566 (±$429) |
| 20 | Denver Township (Newaygo County) | $1,559 (±$230) |
| 21 | Beaver Township (Newaygo County) | $1,486 (±$213) |
| 22 | Home Township (Newaygo County) | $1,480 (±$233) |
| 23 | Barton Township | $1,458 (±$210) |
| 24 | Wilcox Township | $1,420 (±$137) |
| 25 | Big Prairie Township | $1,400 (±$163) |
Showing 13 of 28 places in Newaygo County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Monroe Township
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Monroe Township beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Monroe Township, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Monroe Township, and send estimates and invoices from your phone.
Questions about Monroe Township
How much are property taxes in Monroe Township?
The median real estate tax paid by homeowners in Monroe Township, MI is $1,566 (±$429) a year (2020–2024 American Community Survey).
What is the property tax rate in Monroe Township?
The Census Bureau does not publish tax rates; as a rough guide, the median tax paid is 1.1% of the median home value in Monroe Township, and the actual rate is set by the town, county and school district.
Have property taxes in Monroe Township gone up?
In Monroe Township, the median real estate tax went from $1,143 in 2015–2019 to $1,566 in 2020–2024 (+37.0%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Are property taxes in Monroe Township higher than in Newaygo County?
In Monroe Township, the median real estate tax is lower than in Newaygo County ($2,055).
It is also lower than in Michigan ($2,904).
It is lower than the national figure ($3,119).
Sources
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Monroe township, Newaygo County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Monroe township, Newaygo County, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Monroe township, Newaygo County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Monroe township, Newaygo County, Michigan
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Monroe township, Newaygo County, Michigan
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Monroe township, Newaygo County, Michigan (county subdivision:55060, in state:26 county:123).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25103_001E, B25103_001M, B25077_001E, B25077_001M, B25088_002E, B25088_002M from the 2019 release.
The API needs a free key.
B25103_001E, B25103_001M, B25103_002E, B25103_002M, B25103_003E, B25103_003M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Monroe Township at a glance
- Home values in Monroe Township
- Homeowner costs in Monroe Township
- Types of homes in Monroe Township
- Bedrooms in Monroe Township
- Age of homes in Monroe Township
- Michigan landlord and tenant rules
- Housing across Newaygo County
- Michigan places ranked by property taxes
- Housing data for every place in Michigan