Jamestown, Michigan Property Taxes
The median property tax rate in Jamestown, MI is 0.87%, 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 $161,600 in Jamestown, the typical annual property tax bill is $1,399, falling below the national median of $2,690. Property taxes in Jamestown are calculated based on the tax assessed value, which usually falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Jamestown'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 Jamestown 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
Jamestown, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$1,406
Ownwell’s Jamestown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jamestown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jamestown 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 Jamestown, Michigan
Property taxes in Jamestown, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jamestown is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within Jamestown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jamestown 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 Jamestown's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49427 ZIP code has the highest median property tax rate of 0.87%, while the same ZIP code also has the lowest median tax rate of 0.87%. Understanding how these cities compare with Jamestown provides valuable insights into the varying tax landscape across Ottawa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jamestown Tax Rate
0.87%
Average Ottawa County Tax Rate
0.90%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jamestown, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49427 | 0.87% | 0.87% | 0.87% | 0.87% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Jamestown, Michigan
In Jamestown, 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 Ottawa 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 Jamestown, 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 Jamestown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Jamestown is $161,600, with the highest and lowest median tax bills both reported in zip code 49427 at $1,399.
Average Jamestown Assessed Value
$161,600
Average Ottawa County Assessed Value
$276,000
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jamestown, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49427 | $161,600 | $161,600 | $161,600 | $161,600 | $161,600 |
Source: Ownwell
Property Tax Bills Across Jamestown, Michigan
In Jamestown, located in Ottawa County, MI, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. With a median home price of $161,600, homeowners in Jamestown can expect a median tax bill of approximately $1,399. This figure remains consistent across various percentiles, indicating a uniform tax structure in the area. Factors considered in determining the tax bill include the property's market value, any applicable exemptions, and the local tax rate. Homeowners should note that the tax rate in Jamestown is slightly above the national median property tax rate of 0.99%, which can impact overall housing affordability. For residents, understanding how these elements contribute to their tax bill can help in financial planning and potentially appealing inaccurate assessments to ensure fair taxation.
Average Jamestown Tax Bill
$1,399
Average Ottawa County Tax Bill
$2,533
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Jamestown, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49427 | $1,399 | $1,399 | $1,399 | $1,399 | $1,399 |
Source: Ownwell