Jackson, Michigan Property Taxes
The median property tax rate in Jackson, MI is 0.97%, slightly below the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Jackson at $122,048, the typical annual property tax bill amounts to $1,255, which is notably less than the national median of $2,690. Property taxes in Jackson are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Jackson'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 Jackson 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
Jackson, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$1,184
Ownwell’s Jackson Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Jackson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jackson 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Jackson, Michigan
Property taxes in Jackson, MI, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jackson is 0.97%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Jackson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jackson 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 Jackson's effective property tax rate to other areas in Jackson County and the national median. For comparison, the 49202 zip code has the highest median property tax rate of 1.35%, while the 49201 zip code has the lowest median tax rate of 0.80%. Understanding how these areas compare with Jackson provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jackson Tax Rate
0.97%
Average Jackson County Tax Rate
0.86%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jackson, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49201 | 0.52% | 0.63% | 0.80% | 1.04% | 1.57% |
| 49202 | 0.67% | 0.91% | 1.35% | 1.71% | 2.08% |
| 49203 | 0.73% | 0.88% | 1.14% | 1.61% | 2.05% |
Source: Ownwell
Property Tax Assessment Values Across Jackson, Michigan
In Jackson, 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 Jackson 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 Jackson, 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. The median home price in Jackson is $122,048, and property tax bills can vary significantly. For instance, the highest median tax bill is $1,293 in the 49203 zip code, while the lowest median tax bill is $1,166 in the 49202 zip code. 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 Jackson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Jackson Assessed Value
$122,048
Average Jackson County Assessed Value
$149,600
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jackson, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49201 | $2,556 | $59,857 | $164,200 | $246,260 | $343,986 |
| 49202 | $55,200 | $69,800 | $89,400 | $119,800 | $157,181 |
| 49203 | $39,400 | $64,000 | $113,000 | $169,400 | $246,000 |
Source: Ownwell
Property Tax Bills Across Jackson, Michigan
In Jackson, MI, property tax bills are determined based on the assessed value of a property, which is typically a percentage of its market value. The tax rate, or millage rate, is then applied to this assessed value to calculate the annual tax bill. Various factors influence this process, including the property's location, size, and condition, as well as any applicable exemptions. For homeowners in Jackson, the median home price is $122,048. Property tax bills can vary significantly, with the 25th percentile paying around $798 annually, while those in the 75th percentile pay up to $1898. The highest median tax bill in the area reaches $1293 in the 49203 zip code, while the lowest is $1166 in the 49202 zip code. These variations can impact homeowners' financial planning, making it crucial to understand how local assessments and millage rates affect their specific tax obligations. Compared to the national median property tax rate of 0.99%, Jackson's rates can offer a distinct perspective on local tax burdens.
Average Jackson Tax Bill
$1,255
Average Jackson County Tax Bill
$1,283
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Jackson, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49201 | $51 | $676 | $1,283 | $2,003 | $3,014 |
| 49202 | $663 | $877 | $1,166 | $1,524 | $1,976 |
| 49203 | $514 | $822 | $1,293 | $1,992 | $2,968 |
Source: Ownwell