Berville, Michigan Property Taxes
The median property tax rate in Berville, MI is 0.84%, which is lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Berville at $134,400, the typical annual property tax bill amounts to $1,012, falling below the national median of $2,690. Property taxes in Berville are calculated based on the tax assessed value, which usually is less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Berville's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in significant annual savings. Whether you're in the heart of Berville or another part of St. Clair County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Berville, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$1,129
Ownwell’s Berville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Berville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Berville 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 Berville, Michigan
Property taxes in Berville, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Berville is 0.84%, which is lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Berville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Berville 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 Berville's effective property tax rate to other areas in Michigan and the national median. For comparison, the 48002 zip code has both the highest and lowest median property tax rate of 0.84%. Understanding how these areas compare with Berville provides valuable insights into the varying tax landscape across St. Clair County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Berville Tax Rate
0.84%
Average St. Clair County Tax Rate
0.78%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Berville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48002 | 0.63% | 0.73% | 0.84% | 0.99% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Berville, Michigan
In Berville, 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 local 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 Berville, 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 Berville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Berville are both $1,012, found in the 48002 zip code.
Average Berville Assessed Value
$134,400
Average St. Clair County Assessed Value
$181,600
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Berville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48002 | $83,480 | $104,300 | $134,400 | $153,000 | $184,080 |
Source: Ownwell
Property Tax Bills Across Berville, Michigan
In Berville, St. Clair County, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, with a median home price of $134,400, the assessed value is determined by local assessors who consider various factors such as property size, location, and condition. The tax rate is then applied to this assessed value. Homeowners in Berville experience a range of property tax bills. At the 25th percentile, tax bills are around $852, while at the 75th percentile, they reach approximately $1399. The highest bills, at the 90th percentile, can go up to $1779. These figures indicate that while some homeowners may pay less, others could face significantly higher tax obligations depending on their property's assessed value. Comparatively, Berville's property tax rates are in line with the national median property tax rate of 0.99%, affecting homeowners by influencing their annual financial planning and potentially impacting their decisions on property improvements and investments.
Average Berville Tax Bill
$1,012
Average St. Clair County Tax Bill
$1,504
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Berville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48002 | $676 | $852 | $1,012 | $1,399 | $1,779 |
Source: Ownwell