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It's easy! First divide your purchase price by 2. Take that amount and divide it by 1000. Finally multiply your answer by the appropriate millage rate. (SEE MILLAGE RATE SHEET BELOW)
For example:
Purchase price $200,000 /2 = $100,000
$100,000 /1000 = $100.00
Shelby Township/Utica Community School millage is 28.172
100.00 x 28.172 = $2817.20
Keep in mind this is your annual tax amount!
Divide by 12 to estimate your monthly property tax amount. This number is typically added to your monthly principal and interest payment or you can choose to pay your property taxes separate.
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