Haslett, Michigan Property Taxes
The median property tax rate in Haslett, MI is 1.27%, considerably higher than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Haslett at $253,600, the typical annual property tax bill reaches $3,419, exceeding the national median of $2,690. Property taxes in Haslett 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 Haslett'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 Haslett 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
Haslett, 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 Haslett Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Haslett with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Haslett 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 Haslett, Michigan
Property taxes in Haslett, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Haslett is 1.27%, significantly higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Haslett set these rates annually, and they can vary significantly across different neighborhoods. Each year, Haslett 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 Haslett's effective property tax rate to other areas in Clinton County and the national median. For comparison, the zip code 48840 has the highest median property tax rate of 1.27%, while the same zip code also has the lowest median tax rate of 1.27%. Understanding how these figures compare with Haslett 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 Haslett Tax Rate
1.27%
Average Clinton County Tax Rate
1.43%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Haslett, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48840 | 0.65% | 1.16% | 1.27% | 1.44% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Haslett, Michigan
In Haslett, 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 Haslett, 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 Haslett helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Haslett is $3,419 in the 48840 zip code, while the lowest median tax bill is also $3,419 in the same zip code.
Average Haslett Assessed Value
$253,600
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 Haslett, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48840 | $136,280 | $185,600 | $253,600 | $341,400 | $425,720 |
Source: Ownwell
Property Tax Bills Across Haslett, Michigan
In Haslett, property tax bills are calculated based on the assessed value of a property, which is typically determined by the local assessor's office. The assessed value is a percentage of the market value of the home. For instance, with a median home price of $253,600, homeowners can expect their property tax bills to vary significantly. Factors such as location, property size, and improvements can influence the assessed value. The tax rate in Haslett is applied to the assessed value to determine the annual property tax bill. For example, the 25th percentile of tax bills is around $2,330, while the 75th percentile is approximately $4,671. The highest tax bills, at the 90th percentile, can reach up to $6,246. These figures highlight the range of property tax obligations that homeowners might face. Compared to the national median property tax rate of 0.99%, Haslett's property taxes can be considered relatively high. This impacts homeowners by increasing their annual housing costs, which is an important factor to consider when budgeting for homeownership.
Average Haslett Tax Bill
$3,419
Average Clinton County Tax Bill
$2,460
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Haslett, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48840 | $1,312 | $2,330 | $3,419 | $4,671 | $6,246 |
Source: Ownwell