Ypsilanti has the highest property taxes in the county, and the 7th highest in the state, placing it in the top 1.5%.
Currently, it is 67.63 mills for homeowners and over 85.63 mills for non-homestead and business properties, including rentals. That is $6,763 for personal homes and $8,563 in annual taxes per $100,000 of taxable value.
By comparison, Ann Arbor is at 47.83 mills for residential homes and 61.45 mills for businesses, nearly 30% lower than Ypsilanti’s. Consequently, Ann Arbor properties appreciate more and better retain equity.
Taxes have increased by 22% since 2007. That is $800 more per year, for a typical house with a taxable value of $75,000 (new purchase price of $150,000). This increase occurred DESPITE THE DEFEAT of similar tax increases sought by the City in 2007 and 2012.* This is an unsustainable trend that must be stopped.