Lenawee County ranks fifth in state for best ‘bang for the buck’ on taxes

By: 
MEGAN LINSKI

In a recent study released by SmartAsset, a New York based financial technology company, Lenawee County ranked number five among Michigan places getting the best “bang for their buck” on property taxes. This is the second time Lenawee County has appeared on the list after coming in at number three last year.

SmartAsset looks at property tax rates, violent and property crime rates, and quality of schools while compiling its rankings. Lenawee County scored better statewide than most other places with a property state tax that was lower than the state’s average, and school districts that performed above average in the state.

AJ Smith, Vice President of content for SmartAsset, said Lenawee County is a great value for those that live within its perimeters. “At SmartAsset, we use data to help answer questions and obviously the data has more stories to tell,” Smith said. “We look at the data and determine where people are having the lowest tax burden and where they’re getting the best value. This is the second year in a row Lenawee County ranked in the top five, so you can tell you’re getting great services for what you’re paying in tax dollars.”

Lenawee County came behind Houghton County, Dickinson County, Presque Isle County and Leelanau County, with Leelanau ranking first. Lenawee County is the only county in the southern part of Michigan to rank in the top five. Property tax rate average for Lenawee County was 1.71 percent, with a school rating of 8-out-of-10 and an average of 573 crimes per 100,000 people.

SmartAsset has tools on its website so individuals can determine how large of a home they can afford, and in what place. The tools also enable individuals to receive help with large financial decisions, such as retirement, investing, taxes, personal loans and refinancing.

“On the website, you can see these numbers for yourself,” Smith said. “These are the kinds of things people consider when they’re settling down.”

Smith said the studies that SmartAssest does helps individuals make decisions on different communities and where the best place for them to live would be. “We hope with these studies it gets people thinking about personal finances in general,” Smith said. “People can think about other factors rather than just what the property tax rate is and what they can get in return.”

 

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