Springport, Michigan Property Taxes
The median property tax rate in Springport, MI is 0.41%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Springport at $157,203, the typical annual property tax bill amounts to $635, well below the national median of $2,690. Property taxes in Springport 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 Springport'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 Springport or another part of Eaton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Springport, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.41%
Estimate Property Tax Bill
$645
Ownwell’s Springport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Springport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Springport 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 Springport, Michigan
Property taxes in Springport, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Springport is 0.41%, which is notably lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Springport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Springport 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 Springport's effective property tax rate to other areas in Michigan and the national median. For comparison, the zip code 49284 has the highest median property tax rate of 0.41%, while the same zip code also has the lowest median tax rate of 0.41%. Understanding how these areas compare with Springport provides valuable insights into the varying tax landscape across Eaton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Springport Tax Rate
0.41%
Average Eaton County Tax Rate
0.81%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Springport, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49284 | 0.23% | 0.33% | 0.41% | 0.48% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Springport, Michigan
In Springport, 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 Eaton 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 Springport, 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. For example, the highest median tax bill in the area is $635 in the 49284 zip code. 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 Springport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Springport Assessed Value
$157,203
Average Eaton County Assessed Value
$184,400
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Springport, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49284 | $43,745 | $94,110 | $157,203 | $229,911 | $306,473 |
Source: Ownwell
Property Tax Bills Across Springport, Michigan
Property tax bills in Springport, Eaton County, MI, are calculated based on the assessed value of a property, which is typically a percentage of the market value. Homeowners in Springport see a range of property tax bills, influenced by various factors including the property's assessed value, the local tax rate, and any applicable exemptions. For example, the median home price in Springport is $157,203. Property tax bills can vary significantly: at the 25th percentile, homeowners might pay around $326, while those at the 75th percentile could see bills as high as $936. In some cases, property tax bills can reach up to $1,265 at the 90th percentile. The local tax rate in Springport is competitive compared to the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their property tax obligations and plan their finances accordingly.
Average Springport Tax Bill
$635
Average Eaton County Tax Bill
$1,470
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Springport, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49284 | $204 | $326 | $635 | $936 | $1,265 |
Source: Ownwell