Pittsford, Michigan Property Taxes
The median property tax rate in Pittsford, MI is 0.33%, significantly lower than both the national median of 0.99% and Michigan's state median of 1.07%. With a median home value of $145,150 in Pittsford, the typical annual property tax bill is $484, well below the national median of $2,690. Property taxes in Pittsford are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Pittsford'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 Pittsford 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
Pittsford, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$479
Ownwell’s Pittsford Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Pittsford effortlessly. By simply entering your property's estimated assessed value, the calculator utilizes the median tax rate in Pittsford to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, ensuring you are well-prepared for any financial obligations. For those interested in more detailed insights, localized neighborhood trends are available as you scroll down. Your property's assessed value, determined by the county, plays a crucial role in these calculations and considers any applicable exemptions.
Property Tax Rates Across Pittsford, Michigan
Property taxes in Pittsford, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pittsford is 0.33%, significantly lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Pittsford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pittsford 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 Pittsford's effective property tax rate to other counties in Michigan and the national median. For comparison, the highest median property tax rate in Michigan is 1.78%, while the lowest median tax rate is 0.33%. Understanding how these cities compare with Pittsford provides valuable insights into the varying tax landscape across Hillsdale County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pittsford Tax Rate
0.33%
Average Hillsdale County Tax Rate
0.41%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pittsford, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49271 | 0.25% | 0.29% | 0.33% | 0.40% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Pittsford, Michigan
In Pittsford, 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 Hillsdale 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 Pittsford, 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. Pittsford's median home price is $145,150, with tax bills ranging from $283 at the 25th percentile to $1,269 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 49271, valued at $484. Being aware of these valuation processes in Pittsford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pittsford Assessed Value
$145,150
Average Hillsdale County Assessed Value
$141,139
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pittsford, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49271 | $44,633 | $84,814 | $145,150 | $247,447 | $388,769 |
Source: Ownwell
Property Tax Bills Across Pittsford, Michigan
In Pittsford, located in Hillsdale County, MI, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value, which in Pittsford is influenced by the median home price of $145,150. Various factors such as property size, location, and improvements can affect the assessed value. Homeowners in Pittsford can expect their tax bills to vary significantly. For example, the 25th percentile tax bill is around $283, while the 75th percentile tax bill reaches $815. At the higher end, the 90th percentile tax bill can be as much as $1,269. These amounts reflect the range of property values and the corresponding tax liabilities in the area. Compared to the national median property tax rate of 0.99%, Pittsford's property tax bills suggest a relatively moderate burden on homeowners, though individual circumstances can vary widely. Understanding these factors helps homeowners anticipate and manage their annual property tax obligations.
Average Pittsford Tax Bill
$484
Average Hillsdale County Tax Bill
$685
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Pittsford, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49271 | $159 | $283 | $484 | $815 | $1,269 |
Source: Ownwell