Rock, Michigan Property Taxes
The median property tax rate in Rock, MI is 0.40%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $89,400 in Rock, the typical annual property tax bill amounts to $344, which is much less than the national median of $2,690. Property taxes in Rock are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Rock'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 Rock 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
Rock, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$358
Ownwell’s ROCK Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ROCK with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ROCK 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 Rock, Michigan
Property taxes in Rock, Michigan, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rock is 1.54%, higher than both the Michigan state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Rock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rock 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 Rock's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49880 zip code has the highest median property tax rate of 1.54%, while the same zip code also has the lowest median tax rate of 1.54%. Understanding how these cities compare with Rock provides valuable insights into the varying tax landscape across Delta County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rock Tax Rate
0.40%
Average Delta County Tax Rate
0.51%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rock, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49880 | 0.23% | 0.31% | 0.40% | 0.50% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Rock, Michigan
In Rock, 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 Rock, 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 Rock helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest median tax bill is 49880, with a median tax bill of $344.
Average Rock Assessed Value
$89,400
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 Rock, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49880 | $34,200 | $54,800 | $89,400 | $132,600 | $189,280 |
Source: Ownwell
Property Tax Bills Across Rock, Michigan
In ROCK, property tax bills are calculated based on the assessed value of the property, which is determined by the local assessor's office. The assessed value is a percentage of the property's market value. Homeowners in ROCK can expect their tax bills to vary significantly depending on their property's assessed value and the specific tax rate applied by Delta County. For instance, the median home price in ROCK is $89,400, and the property tax rate in Delta County is notably lower than the national median of 0.99%. Tax bills in ROCK range from the 25th percentile at $212 to the 75th percentile at $567, with the 90th percentile reaching $844. These figures illustrate the potential variation in tax obligations for homeowners, directly impacting their annual financial planning. The highest and lowest median tax bills in the area are both recorded at $344 in the zip code 49880, providing a benchmark for what residents might expect to pay. Understanding these factors helps homeowners better anticipate their property tax responsibilities.
Average Rock Tax Bill
$344
Average Delta County Tax Bill
$702
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Rock, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49880 | $106 | $212 | $344 | $567 | $844 |
Source: Ownwell