Bath, Michigan Property Taxes
The median property tax rate in Bath, MI is 0.55%, considerably lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Bath at $206,000, the typical annual property tax bill reaches $1,174, falling well below the national median of $2,690. Property taxes in Bath are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bath'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 Bath 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
Bath, 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 Bath Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bath with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bath 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 Bath, Michigan
Property taxes in Bath, Michigan, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bath is 0.55%, which is lower than the U.S. national median of 0.99%. Local government entities within Bath set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bath 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 Bath's effective property tax rate to other areas in Clinton County and the national median. For comparison, the zip code 48808 has both the highest and lowest median property tax rate of 0.55%. Understanding how these areas compare with Bath provides valuable insights into the varying tax landscape across Clinton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bath Tax Rate
0.55%
Average Clinton County Tax Rate
1.43%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bath, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48808 | 0.43% | 0.48% | 0.55% | 0.62% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Bath, Michigan
In Bath, 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 Clinton 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 Bath, 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 Bath helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 48808 has both the highest and lowest median tax bill, which is $1,174.
Average Bath Assessed Value
$206,000
Average Clinton County Assessed Value
$186,400
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bath, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48808 | $99,920 | $146,500 | $206,000 | $289,100 | $390,680 |
Source: Ownwell
Property Tax Bills Across Bath, Michigan
In Bath, located in Clinton 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 median home price in Bath is $206,000. Homeowners can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $781 and the 75th percentile tax bill reaching $1,726. The 90th percentile tax bill can go as high as $2,712. Property taxes in Bath are determined by multiplying the assessed value by the local tax rate. This rate is influenced by various factors, including local government budgets, school district funding needs, and public service requirements. The highest and lowest median tax bills in Bath are both $1,174, found in the 48808 zip code. For homeowners, these taxes directly impact annual expenses and can influence decisions about buying or selling property. Compared to the national median property tax rate of 0.99%, Bath's rates can be seen as relatively moderate, providing a balanced fiscal environment for its residents.
Average Bath Tax Bill
$1,174
Average Clinton County Tax Bill
$2,460
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Bath, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48808 | $517 | $781 | $1,174 | $1,726 | $2,712 |
Source: Ownwell