Garden, Michigan Property Taxes
The median property tax rate in Garden, MI is 0.36%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Garden at $43,200, the typical annual property tax bill amounts to just $157, far below the national median of $2,690. Property taxes in Garden are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Garden's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Garden 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
Garden, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.36%
Estimate Property Tax Bill
$156
Ownwell’s Garden Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Garden with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Garden to estimate your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Garden, Michigan
Property taxes in Garden, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Garden is 0.36%, which is significantly lower than both the Michigan state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Garden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Garden 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 Garden's effective property tax rate to other counties in Michigan and the national median. For comparison, the highest median property tax rate in Michigan is found in Wayne County at 2.61%, while the lowest median tax rate is in Luce County at 0.84%. Understanding how these cities compare with Garden provides valuable insights into the varying tax landscape across Schoolcraft County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Garden Tax Rate
0.36%
Average Schoolcraft County Tax Rate
0.45%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Garden, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49835 | 0.33% | 0.34% | 0.36% | 0.38% | 0.39% |
Source: Ownwell
Property Tax Assessment Values Across Garden, Michigan
In Garden, 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 Schoolcraft 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 Garden, 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. Notably, the median tax bill in Garden ranges significantly, with the highest and lowest median tax bills both recorded at $157 in the 49835 zip code. Being aware of these valuation processes in Garden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Garden Assessed Value
$43,200
Average Schoolcraft County Assessed Value
$86,700
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Garden, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49835 | $40,160 | $41,300 | $43,200 | $45,100 | $46,240 |
Source: Ownwell
Property Tax Bills Across Garden, Michigan
In Garden, located in Schoolcraft County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is typically a percentage of the market value of the property. For example, with a median home price of $43,200, the tax bill can vary significantly depending on the specific assessment and tax rate applied. The tax bill is influenced by several factors, including the property's assessed value, the local tax rate, and any applicable exemptions. In Garden, the property tax bill at the 25th percentile is $142, while at the 75th percentile, it rises to $171. For those at the 90th percentile, the tax bill can reach up to $180. These property taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting homeowners. Comparing these figures to the national median property tax rate of 0.99%, it's evident that Garden's property tax rates are relatively modest, offering a more affordable living situation for residents.
Average Garden Tax Bill
$157
Average Schoolcraft County Tax Bill
$504
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Garden, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49835 | $134 | $142 | $157 | $171 | $180 |
Source: Ownwell