Bronson, Michigan Property Taxes
The median property tax rate in Bronson, MI is 0.39%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Bronson, the typical annual property tax bill is $559, which is well below the national median of $2,690. Property taxes in Bronson are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Bronson'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 Bronson 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
Bronson, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.39%
Estimate Property Tax Bill
$446
Ownwell’s Bronson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bronson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bronson 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 Bronson, Michigan
Property taxes in Bronson, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bronson is 0.39%, significantly lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Bronson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bronson 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. Understanding how these cities compare with Bronson provides valuable insights into the varying tax landscape across Branch County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bronson Tax Rate
0.39%
Average Branch County Tax Rate
0.40%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bronson, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49028 | 0.24% | 0.32% | 0.39% | 0.71% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Bronson, Michigan
In Bronson, 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 Branch 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 Bronson, 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 Bronson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $114,423, with the 25th percentile tax bill at $321 and the 75th percentile at $845. The highest and lowest median tax bill in the 49028 zip code is $559.
Average Bronson Assessed Value
$114,423
Average Branch County Assessed Value
$130,544
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bronson, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49028 | $35,200 | $76,600 | $114,423 | $172,492 | $252,811 |
Source: Ownwell
Property Tax Bills Across Bronson, Michigan
In Bronson, located in Branch 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 city's property tax rate is applied to this assessed value to determine the annual tax bill. For example, with a median home price of $114,423, the assessed value would be a portion of this amount, influenced by local assessment practices. Homeowners in Bronson can expect property tax bills to vary significantly. The 25th percentile tax bill is around $321, while the 75th percentile reaches $845, and the 90th percentile climbs to $1,183. These variations reflect differences in property values and applicable exemptions. The highest median tax bill recorded in the area is $559, which is also the lowest, indicating a consistent median across the zip code 49028. Compared to the national median property tax rate of 0.99%, Bronson’s tax rates can impact homeowners differently, depending on their property's assessed value and eligibility for exemptions. This system ensures that property taxes are proportionate to property values, affecting homeowners' annual financial planning.
Average Bronson Tax Bill
$559
Average Branch County Tax Bill
$638
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Bronson, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49028 | $128 | $321 | $559 | $845 | $1,183 |
Source: Ownwell