Baroda, Michigan Property Taxes
The median property tax rate in Baroda, MI is 0.82%, which is lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $224,800 in Baroda, the typical annual property tax bill reaches $1,973, falling below the national median of $2,690. Property taxes in Baroda are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Baroda's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Baroda or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Baroda, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$1,843
Ownwell’s Baroda Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Baroda with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Baroda to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by Berrien County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Baroda, Michigan
Property taxes in Baroda, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Baroda is 0.82%, which is lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Baroda set these rates annually, and they can vary significantly across different neighborhoods. Each year, Baroda estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Baroda's effective property tax rate to other counties in Michigan and the national median. For comparison, the zip code 49101 has the highest median property tax rate of 0.82%, while the same zip code also has the lowest median tax rate of 0.82%. Understanding how these cities compare with Baroda provides valuable insights into the varying tax landscape across Berrien County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Baroda Tax Rate
0.82%
Average Berrien County Tax Rate
0.85%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Baroda, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49101 | 0.52% | 0.70% | 0.82% | 1.10% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Baroda, Michigan
In Baroda, Michigan, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Berrien County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Baroda, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Baroda helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 49101, with a bill of $1,973, which is the same for the lowest median tax bill in the area.
Average Baroda Assessed Value
$224,800
Average Berrien County Assessed Value
$183,200
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Baroda, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49101 | $133,600 | $172,800 | $224,800 | $321,600 | $428,240 |
Source: Ownwell
Property Tax Bills Across Baroda, Michigan
In Baroda, located in Berrien County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is typically a percentage of the market value of the property. Homeowners in Baroda can expect their property tax bills to vary significantly depending on the value of their property and the specific tax rates set by the local government. Factors such as the home's location, size, and condition, as well as any improvements made, play a crucial role in determining the assessed value. The median home price in Baroda is $224,800. Property tax bills in the area range widely, with the 25th percentile at $1,395 and the 75th percentile at $2,873. At the higher end, the 90th percentile sees tax bills around $3,973. Compared to the national median property tax rate of 0.99%, homeowners in Baroda experience varying tax burdens, impacting their overall cost of homeownership. Understanding these factors can help homeowners better anticipate their annual property tax expenses.
Average Baroda Tax Bill
$1,973
Average Berrien County Tax Bill
$1,463
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Baroda, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49101 | $1,019 | $1,395 | $1,973 | $2,873 | $3,973 |
Source: Ownwell