Burton, Michigan Property Taxes
The median property tax rate in Burton, MI is 1.28%, considerably higher than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Burton, the typical annual property tax bill reaches $1,401, exceeding the national median of $2,690. Property taxes in Burton 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 Burton'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 Burton 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
Burton, 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 Burton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Burton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Burton 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 Burton, Michigan
Property taxes in Burton, Michigan, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Burton is 1.28%, higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Burton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burton 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 Burton's effective property tax rate to other areas in Genesee County and the national median. For comparison, the 48529 zip code has the highest median property tax rate of 1.37%, while the 48509 zip code has the lowest median tax rate of 1.19%. Understanding how these areas compare with Burton provides valuable insights into the varying tax landscape across Genesee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Burton Tax Rate
1.28%
Average Genesee County Tax Rate
0.93%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48509 | 0.94% | 1.04% | 1.19% | 1.47% | 1.78% |
| 48519 | 0.98% | 1.08% | 1.31% | 1.66% | 2.10% |
| 48529 | 0.99% | 1.15% | 1.37% | 1.76% | 2.29% |
Source: Ownwell
Property Tax Assessment Values Across Burton, Michigan
In Burton, 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 Genesee 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 Burton, 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 $1,632 in the 48509 zip code, while the lowest median tax bill is $995 in the 48529 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 Burton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Burton Assessed Value
$107,800
Average Genesee County Assessed Value
$139,200
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Burton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48509 | $71,000 | $101,600 | $133,200 | $173,200 | $221,960 |
| 48519 | $1,600 | $90,000 | $131,200 | $172,000 | $208,400 |
| 48529 | $40,400 | $56,200 | $72,000 | $90,400 | $124,160 |
Source: Ownwell
Property Tax Bills Across Burton, Michigan
Property tax bills in Burton, located in Genesee County, MI, are calculated based on the assessed value of a property, which is typically a percentage of its market value. Homeowners in Burton see their tax bills influenced by several factors, including the local tax rate and any applicable exemptions. The median home price in Burton is $107,800, and the tax rate in the area is a significant consideration for calculating the final tax bill. For instance, homeowners in the 25th percentile can expect to pay around $983 annually, while those in the 75th percentile might see bills closer to $1,911. The highest median tax bill in the area reaches $1,632, specifically in the 48509 zip code, whereas the lowest median tax bill is $995 in the 48529 zip code. Compared to the national median property tax rate of 0.99%, Burton's property taxes can represent a substantial financial commitment for homeowners, impacting their overall cost of living and homeownership affordability.
Average Burton Tax Bill
$1,401
Average Genesee County Tax Bill
$1,090
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Burton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48509 | $980 | $1,272 | $1,632 | $2,123 | $2,833 |
| 48519 | $63 | $1,170 | $1,604 | $2,109 | $2,813 |
| 48529 | $638 | $795 | $995 | $1,316 | $1,739 |
Source: Ownwell