Britton, Michigan Property Taxes
The median property tax rate in Britton, MI is 1.11%, considerably higher than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Britton at $281,600, the typical annual property tax bill reaches $2,872, exceeding the national median of $2,690. Property taxes in Britton are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Britton'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 Britton 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
Britton, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$3,126
Ownwell’s Britton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Britton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Britton 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 Britton, Michigan
Property taxes in Britton, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Britton is 1.11%, which is higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Britton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Britton 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 Britton's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49229 zip code has both the highest and lowest median property tax rate of 1.11%. Understanding how these cities compare with Britton provides valuable insights into the varying tax landscape across Washtenaw County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Britton Tax Rate
1.11%
Average Washtenaw County Tax Rate
1.22%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Britton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49229 | 0.87% | 0.97% | 1.11% | 1.22% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Britton, Michigan
In Britton, 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 Washtenaw 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. 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 Britton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Britton is $281,600, with the highest median tax bill in zip code 49229 at $2,872 and the lowest median tax bill also in zip code 49229 at $2,872.
Average Britton Assessed Value
$281,600
Average Washtenaw County Assessed Value
$319,000
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Britton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49229 | $151,480 | $222,900 | $281,600 | $366,600 | $435,000 |
Source: Ownwell
Property Tax Bills Across Britton, Michigan
In Britton, located in Washtenaw County, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual property tax bill. For instance, with a median home price of $281,600, homeowners can expect varying tax bills depending on specific factors like the property's location and any applicable exemptions. Factors such as property improvements, neighborhood developments, and changes in the real estate market can influence the assessed value. The tax bills in Britton range significantly, with the 25th percentile at $2,466 and the 75th percentile at $4,133, indicating that many homeowners pay within this range. At the 90th percentile, tax bills can reach up to $5,152. These property taxes fund essential local services such as public schools, infrastructure, and emergency services, directly impacting the quality of life for Britton residents.
Average Britton Tax Bill
$2,872
Average Washtenaw County Tax Bill
$4,022
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Britton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49229 | $1,711 | $2,466 | $2,872 | $4,133 | $5,152 |
Source: Ownwell