Hudson, Michigan Property Taxes
The median property tax rate in Hudson, MI is 0.33%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Hudson at $162,954, the typical annual property tax bill is $539, which is well below the national median of $2,690. Property taxes in Hudson are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Hudson's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Hudson 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
Hudson, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$538
Ownwell’s Hudson Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hudson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hudson to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, making it easier to plan your finances. For those interested in more granular insights, localized information is available by scrolling down. Your property’s assessed value, determined by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Hudson, Michigan
Property taxes in Hudson, Michigan, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Hudson is 1.54%, significantly higher than both the Michigan state median of 1.31% and the U.S. national median of 0.99%. Local government entities within Hudson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hudson 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 Hudson's effective property tax rate to other counties in Michigan and the national median. For comparison, 49247 has the highest median property tax rate of 1.54%, while 49242 has the lowest median tax rate of 1.31%. Understanding how these cities compare with Hudson provides valuable insights into the varying tax landscape across Hillsdale County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hudson Tax Rate
0.33%
Average Hillsdale County Tax Rate
0.41%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hudson, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49247 | 0.26% | 0.29% | 0.33% | 0.39% | 0.49% |
Source: Ownwell
Property Tax Assessment Values Across Hudson, Michigan
In Hudson, 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 Hillsdale 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 Hudson, 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. The median home price in Hudson is $162,954, with tax bills ranging from $351 at the 25th percentile to $1,277 at the 90th percentile. 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 Hudson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hudson Assessed Value
$162,954
Average Hillsdale County Assessed Value
$141,139
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hudson, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49247 | $60,187 | $105,714 | $162,954 | $246,647 | $378,554 |
Source: Ownwell
Property Tax Bills Across Hudson, Michigan
In Hudson, Hillsdale County, MI, 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 typically a percentage of the property's market value. The tax rate, or millage rate, is then applied to this assessed value to calculate the tax bill. Factors such as local government budgets, school funding requirements, and public services influence the millage rate. For homeowners in Hudson, the median home price is $162,954. Property tax bills can vary significantly, with the 25th percentile at $351, the 75th percentile at $835, and the 90th percentile reaching $1,277. Comparing these figures to the national median property tax rate of 0.99%, Hudson's rates are relatively moderate. These property taxes fund essential community services like education, infrastructure, and emergency services, directly impacting the quality of life for residents. Understanding these factors helps homeowners anticipate their financial responsibilities and the benefits they receive in return.
Average Hudson Tax Bill
$539
Average Hillsdale County Tax Bill
$685
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Hudson, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49247 | $190 | $351 | $539 | $835 | $1,277 |
Source: Ownwell