Kent City, Michigan Property Taxes
The median property tax rate in Kent City, MI is 0.71%, notably lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Kent City at $357,900, the typical annual property tax bill amounts to $1,992, which is below the national median of $2,690. Property taxes in Kent City are determined based on the tax assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Kent City'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 Kent City 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
Kent City, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$2,541
Ownwell’s Kent City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kent City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kent City 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 Kent City, Michigan
Property taxes in Kent City, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kent City is 1.54%, significantly higher than both the Michigan state median of 1.32% and the U.S. national median of 0.99%. Local government entities within Kent City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kent City 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 Kent City's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49330 zip code has the highest median property tax rate of 1.54%, while the same zip code also has the lowest median tax rate of 1.54%. Understanding how these cities compare with Kent City 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 Kent City Tax Rate
0.71%
Average Ottawa County Tax Rate
0.90%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kent City, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49330 | 0.43% | 0.60% | 0.71% | 0.78% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Kent City, Michigan
In Kent City, 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 Kent City, 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 Kent City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Kent City are both $1,992, found in zip code 49330.
Average Kent City Assessed Value
$357,900
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 Kent City, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49330 | $185,480 | $273,150 | $357,900 | $489,350 | $590,340 |
Source: Ownwell
Property Tax Bills Across Kent City, Michigan
In Kent City, 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 Kent City is $357,900. Property tax rates are applied to this assessed value to determine the tax bill. For example, the 25th percentile tax bill is $1,662, while the 75th percentile tax bill reaches $3,982, and the 90th percentile tax bill can be as high as $4,636. These variations reflect differences in property values and applicable exemptions. Factors such as market conditions, property improvements, and local government budgets influence the assessed value and, consequently, the tax bill. Homeowners in Kent City should be aware that their property tax bills may fluctuate annually based on these factors. Compared to the national median property tax rate of 0.99%, Kent City’s rates can be considered moderate, providing a balanced environment for homeowners. Understanding these factors can help homeowners better anticipate and manage their annual property tax obligations.
Average Kent City Tax Bill
$1,992
Average Ottawa County Tax Bill
$2,533
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Kent City, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49330 | $1,316 | $1,662 | $1,992 | $3,982 | $4,636 |
Source: Ownwell