Beaverton, Michigan Property Taxes
The median property tax rate in Beaverton, MI is 0.39%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Beaverton being $152,200, the typical annual property tax bill is $568, well below the national median of $2,690. Property taxes in Beaverton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Beaverton'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 Beaverton 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
Beaverton, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.39%
Estimate Property Tax Bill
$594
Ownwell’s Beaverton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beaverton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beaverton 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 Beaverton, Michigan
Property taxes in Beaverton, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beaverton is 1.35%, significantly higher than both the Michigan state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Beaverton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beaverton 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 Beaverton's effective property tax rate to other counties in Michigan and the national median. For comparison, the highest median property tax rate in the region is 2.14%, while the lowest median tax rate is 1.20%. Understanding how these cities compare with Beaverton provides valuable insights into the varying tax landscape across Gladwin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beaverton Tax Rate
0.39%
Average Midland County Tax Rate
0.54%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beaverton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48612 | 0.29% | 0.33% | 0.39% | 0.47% | 0.55% |
Source: Ownwell
Property Tax Assessment Values Across Beaverton, Michigan
In Beaverton, 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 Midland 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 Beaverton, 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. For instance, in zip code 48612, the median tax bill is $568. 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 Beaverton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Beaverton Assessed Value
$152,200
Average Midland County Assessed Value
$158,800
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beaverton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48612 | $51,080 | $80,600 | $152,200 | $245,700 | $316,260 |
Source: Ownwell
Property Tax Bills Across Beaverton, Michigan
In Beaverton, located in Midland County, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Beaverton is $152,200. Homeowners can expect their property tax bill to vary significantly depending on the assessed value and applicable tax rates. For instance, the 25th percentile tax bill is around $300, while the 75th percentile tax bill reaches approximately $996. At the higher end, the 90th percentile tax bill can go up to $1,476. The property tax rate in Beaverton is influenced by local government budgets, school district funding, and other municipal services. These taxes are essential for maintaining public services such as schools, roads, and emergency services. Homeowners in Beaverton should be aware that their property tax bills can fluctuate based on changes in assessed property values and adjustments in local tax rates. Understanding these factors can help homeowners better anticipate and manage their annual property tax obligations.
Average Beaverton Tax Bill
$568
Average Midland County Tax Bill
$1,273
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Beaverton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48612 | $181 | $300 | $568 | $996 | $1,476 |
Source: Ownwell