Don’t Buy a Home in Michigan Without Knowing This About Property Taxes (2025)

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Berkshire Hathaway HomeServices The Loft Warehouse
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Buying a home in Michigan? 🏡 Many homebuyers are shocked when their property taxes increase after closing. In this video, I’ll explain why this happens, how Michigan property tax assessments work, and what you can do to estimate your future taxes before purchasing. Understanding this key detail can help you avoid unexpected costs and plan your budget wisely. If you’re thinking about buying in Detroit or the surrounding suburbs this is essential information you don’t want to miss!

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Video Chapters 📚
00:00 - Intro
00:39 - What impacts your property tax amount
00:53 - SEV vs. Taxable Value
01:40 - How to calculate property taxes
01:48 - Millage Rate
02:39 - Disabled Veterans property tax expemption
02:57 - Property Tax Calculation Example
04:46 - Impact on mortgage
06:02 - How to prepare
08:24 - Key takeaways

Tegest Walker is a Metro Detroit Realtor and Associate Broker at Berkshire Hathaway HomeServices - The Loft Warehouse. She specializes in residential real estate with an emphasis on first time homebuyers, new construction homes, and relocations. Through the use of modern marketing strategies and technology to reach your real estate goals.