Jonesville, Michigan Property Taxes
The median property tax rate in Jonesville, MI is 0.43%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Jonesville at $140,287, the typical annual property tax bill comes to $724, well below the national median of $2,690. Property taxes in Jonesville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Jonesville'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 Jonesville or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jonesville, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.43%
Estimate Property Tax Bill
$603
Ownwell’s Jonesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jonesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jonesville 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 Jonesville, Michigan
Property taxes in Jonesville, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jonesville is 0.43%, which is significantly lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Jonesville set these rates annually, and they can vary across different neighborhoods. Each year, Jonesville 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 Jonesville's effective property tax rate to other counties in Michigan and the national median. For comparison, the highest and lowest median property tax rates in Hillsdale County are both 0.43%, found in the 49250 zip code. Understanding how these cities compare with Jonesville 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 Jonesville Tax Rate
0.43%
Average Hillsdale County Tax Rate
0.41%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jonesville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49250 | 0.27% | 0.32% | 0.43% | 0.80% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Jonesville, Michigan
In Jonesville, 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 Jonesville, 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 instance, the median home price in Jonesville is $140,287, with tax bills ranging significantly across different percentiles: $435 at the 25th percentile and $1,621 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 Jonesville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Jonesville Assessed Value
$140,287
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 Jonesville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49250 | $54,036 | $94,136 | $140,287 | $212,817 | $320,452 |
Source: Ownwell
Property Tax Bills Across Jonesville, Michigan
In Jonesville, located in Hillsdale County, MI, property tax bills are calculated based on the assessed value of a property. The assessed value is typically a percentage of the market value, which is determined by the local assessor's office. For homeowners, the median home price in Jonesville stands at $140,287. The tax rate applied to this assessed value determines the annual property tax bill. Several factors influence the final tax bill, including property location, improvements, and local tax levies. In Jonesville, the 25th percentile of tax bills is around $435, while the 75th percentile reaches approximately $1,135. For those at the higher end, the 90th percentile tax bill can go up to $1,621. Comparatively, Jonesville's property tax rates are relatively moderate. The highest median tax bill in the area is found in zip code 49250, at $724. These taxes fund essential public services such as schools, infrastructure, and public safety, directly impacting the quality of life for homeowners.
Average Jonesville Tax Bill
$724
Average Hillsdale County Tax Bill
$685
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Jonesville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49250 | $224 | $435 | $724 | $1,135 | $1,621 |
Source: Ownwell