Moline, Michigan Property Taxes
The median property tax rate in Moline, Michigan is 0.51%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $62,000 in Moline, the typical annual property tax bill is approximately $314, which is well below the national median of $2,690. Property taxes in Moline 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. Navigating Moline's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're situated in the heart of Moline or another part of Cass County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Moline, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$316
Ownwell’s Moline Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moline with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moline 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 Moline, Michigan
Property taxes in Moline, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moline is 0.51%, which is significantly lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Moline set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moline 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 Moline's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49335 zip code has the highest median property tax rate of 0.51%, while the 49335 zip code also has the lowest median tax rate of 0.51%. Understanding how these cities compare with Moline provides valuable insights into the varying tax landscape across Cass County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Moline Tax Rate
0.51%
Average Cass County Tax Rate
0.39%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moline, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49335 | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Moline, Michigan
In Moline, 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 Cass 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 Moline, 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 Moline helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 49335, with a median tax bill of $314.
Average Moline Assessed Value
$62,000
Average Cass County Assessed Value
$171,400
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Moline, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49335 | $62,000 | $62,000 | $62,000 | $62,000 | $62,000 |
Source: Ownwell
Property Tax Bills Across Moline, Michigan
In Moline, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is a percentage of the market value of the property. For instance, if the median home price in Moline is $62,000, the assessed value would be a portion of this amount. The tax rate is then applied to the assessed value to determine the annual property tax bill. Factors such as property location, condition, and any improvements made can influence the assessed value. In Moline, the median property tax bill is $314, which is significantly lower than the national median property tax rate of 0.99%. This relatively low tax bill can make homeownership more affordable, but it also means less revenue for local services like schools and infrastructure. Homeowners benefit from lower annual expenses, but they should also be aware of how this impacts community resources.
Average Moline Tax Bill
$314
Average Cass County Tax Bill
$696
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Moline, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49335 | $314 | $314 | $314 | $314 | $314 |
Source: Ownwell