Brampton, Michigan Property Taxes
The median property tax rate in Brampton, MI is 0.32%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value in Brampton of $118,600, the typical annual property tax bill is $420, which is well below the national median of $2,690. Property taxes in Brampton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Brampton'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 Brampton or another part of Delta County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brampton, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.32%
Estimate Property Tax Bill
$380
Ownwell’s Brampton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brampton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brampton 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 Brampton, Michigan
Property taxes in Brampton, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brampton is 1.72%, significantly higher than both the Michigan state median of 1.44% and the U.S. national median of 0.99%. Local government entities within Brampton set these rates annually, leading to potential variations across different neighborhoods. Each year, Brampton 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 Brampton's effective property tax rate to other counties in Michigan and the national median. For comparison, the highest median property tax rate in Michigan is found in Wayne County at 2.24%, while the lowest median tax rate is in Luce County at 0.86%. Understanding how these cities compare with Brampton provides valuable insights into the varying tax landscape across Hillsdale, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brampton Tax Rate
0.32%
Average Delta County Tax Rate
0.51%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brampton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49837 | 0.23% | 0.29% | 0.32% | 0.47% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Brampton, Michigan
In Brampton, 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 Delta 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 Brampton, 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 Brampton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 49837 at $420, while the lowest is also 49837 at $420.
Average Brampton Assessed Value
$118,600
Average Delta County Assessed Value
$107,400
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brampton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49837 | $44,600 | $73,100 | $118,600 | $155,400 | $319,800 |
Source: Ownwell
Property Tax Bills Across Brampton, Michigan
In Brampton, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. For homeowners, this means that fluctuations in the real estate market can directly impact their tax bills. Various factors such as property size, location, and improvements are considered during the assessment process. In Delta County, where Brampton is located, the median home price is $118,600. Property tax bills can vary significantly, with the 25th percentile at $203 and the 75th percentile at $704. At the higher end, the 90th percentile tax bill reaches $973. These figures indicate a range of tax burdens, depending on the specific valuation and characteristics of the property. Compared to the national median property tax rate of 0.99%, Brampton's property tax rates can be considered relatively moderate. Homeowners should be aware of these factors as they can influence overall housing costs and long-term financial planning.
Average Brampton Tax Bill
$420
Average Delta County Tax Bill
$702
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Brampton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49837 | $89 | $203 | $420 | $704 | $973 |
Source: Ownwell