Birch Run, Michigan Property Taxes
The median property tax rate in Birch Run, MI is 0.29%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Birch Run at $196,000, the typical annual property tax bill is $521, well below the national median of $2,690. Property taxes in Birch Run 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 Birch Run'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 Birch Run 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
Birch Run, Michigan Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$2,140
Ownwell’s Birch Run Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Birch Run with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Birch Run 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 Birch Run, Michigan
Property taxes in Birch Run, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Birch Run is 1.54%, significantly higher than both the Michigan state median of 1.31% and the U.S. national median of 0.99%. Local government entities within Birch Run set these rates annually, and they can vary significantly across different neighborhoods. Each year, Birch Run 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 Birch Run's effective property tax rate to other counties in Michigan and the national median. For comparison, 49735 has the highest median property tax rate of 2.71%, while 49797 has the lowest median tax rate of 0.94%. Understanding how these cities compare with Birch Run provides valuable insights into the varying tax landscape across Tuscola County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Birch Run Tax Rate
0.29%
Average Tuscola County Tax Rate
0.36%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Birch Run, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48415 | 0.22% | 0.25% | 0.29% | 0.34% | 0.37% |
Source: Ownwell
Property Tax Assessment Values Across Birch Run, Michigan
In Birch Run, 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 Tuscola 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 Birch Run, 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 Birch Run helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median tax bill in Birch Run is $521, which is notably lower than the national median property tax rate of 0.99%.
Average Birch Run Assessed Value
$196,000
Average Tuscola County Assessed Value
$128,800
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Birch Run, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48415 | $117,240 | $136,800 | $196,000 | $232,550 | $288,040 |
Source: Ownwell
Property Tax Bills Across Birch Run, Michigan
In Birch Run, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. For instance, with a median home price of $196,000, the assessed value is a key factor in determining the tax bill. The tax rate in Birch Run is influenced by the local government's budgetary needs and is applied to the assessed value to calculate the annual tax bill. Homeowners in Birch Run can expect a wide range of tax bills. At the 25th percentile, the tax bill is around $382, while at the 75th percentile, it rises to $718. For those at the 90th percentile, the tax bill can be as high as $975. The highest median tax bill in the area is $521, found in the 48415 ZIP code. These variations reflect differences in property values and specific local tax rates. Understanding these factors is crucial for homeowners as property taxes significantly impact annual housing costs. Comparing this to the national median property tax rate of 0.99%, Birch Run residents can gauge how their local tax burden measures up.
Average Birch Run Tax Bill
$521
Average Tuscola County Tax Bill
$531
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Birch Run, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48415 | $265 | $382 | $521 | $718 | $975 |
Source: Ownwell