Jeddo, Michigan Property Taxes
The median property tax rate in Jeddo, MI is 0.69%, considerably lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Jeddo at $160,900, the typical annual property tax bill reaches $1,162, well below the national median of $2,690. Property taxes in Jeddo are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Jeddo'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 Jeddo or another part of Sanilac County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jeddo, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$1,110
Ownwell’s Jeddo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jeddo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jeddo 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 Jeddo, Michigan
Property taxes in Jeddo, Michigan, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jeddo is 0.69%, lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Jeddo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jeddo 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 Jeddo's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48032 zip code has both the highest and lowest median property tax rate of 0.69%. Understanding how these cities compare with Jeddo provides valuable insights into the varying tax landscape across Sanilac County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jeddo Tax Rate
0.69%
Average Sanilac County Tax Rate
1.15%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jeddo, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48032 | 0.60% | 0.64% | 0.69% | 1.00% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Jeddo, Michigan
In Jeddo, 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 Sanilac 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 Jeddo, 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 Jeddo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Jeddo are both $1162, found in the 48032 zip code.
Average Jeddo Assessed Value
$160,900
Average Sanilac County Assessed Value
$107,600
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jeddo, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48032 | $61,400 | $120,100 | $160,900 | $220,000 | $289,400 |
Source: Ownwell
Property Tax Bills Across Jeddo, Michigan
In Jeddo, located in Sanilac County, MI, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value of the property. For instance, if the median home price is $160,900, the assessed value would be a fraction of this amount as determined by local regulations. Homeowners in Jeddo can expect their tax bills to vary based on several factors, including property size, location, and any applicable exemptions. The tax bill can range from the 25th percentile at $827 to the 90th percentile at $2,490. The median tax bill in the highest and lowest zip codes is $1,162, which is higher than the national median property tax rate of 0.99%. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life in the community. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Jeddo Tax Bill
$1,162
Average Sanilac County Tax Bill
$1,234
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Jeddo, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48032 | $551 | $827 | $1,162 | $1,672 | $2,490 |
Source: Ownwell