Interestingly, the "assessed" value in Michigan appears to be 50% of the "fair market value" of the house. So that would be an effective tax rate of 2.25%, not

Interestingly, the "assessed" value in Michigan appears to be 50% of the "fair market value" of the house. So that would be an effective tax rate of 2.25%, not 5.5%. (This still seems to be higher than other midwestern areas.) http://www.lansingmi.gov/finance/assessor/faqs.jsp#6 http://www.lansingmi.gov/finance/assessor/faqs.jsp#6