Mulliken, Michigan Property Taxes
The median property tax rate in Mulliken, MI is 0.45%, considerably lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Mulliken at $167,600, the typical annual property tax bill reaches $737, which is significantly below the national median of $2,690. Property taxes in Mulliken 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 Mulliken'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 Mulliken or another part of Ionia County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mulliken, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.45%
Estimate Property Tax Bill
$754
Ownwell’s Mulliken Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mulliken with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mulliken 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 Mulliken, Michigan
Property taxes in Mulliken, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mulliken is 0.45%, which is lower than the U.S. national median of 0.99%. Local government entities within Mulliken set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mulliken 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 Mulliken's effective property tax rate to other areas and the national median. For comparison, the zip code 48861 has both the highest and lowest median property tax rate of 0.45%. Understanding how these areas compare with Mulliken provides valuable insights into the varying tax landscape across Ionia County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mulliken Tax Rate
0.45%
Average Ionia County Tax Rate
0.49%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mulliken, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48861 | 0.38% | 0.41% | 0.45% | 0.52% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Mulliken, Michigan
In Mulliken, 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 Ionia 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 Mulliken, 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 Mulliken is $167,600, with tax bills ranging from $477 at the 25th percentile to $1,390 at the 90th percentile. The zip code 48861 has both the highest and lowest median tax bill at $737. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mulliken Assessed Value
$167,600
Average Ionia County Assessed Value
$146,400
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mulliken, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48861 | $78,440 | $110,700 | $167,600 | $243,300 | $310,440 |
Source: Ownwell
Property Tax Bills Across Mulliken, Michigan
In Mulliken, located in Ionia County, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, the median home price in Mulliken is $167,600. Property taxes are then determined by applying the local tax rate to this assessed value. The tax rate in Mulliken is influenced by local government budgets and needs, which can vary annually. Homeowners in Mulliken can expect property tax bills that fall within a range, based on various factors such as property size, location, and any applicable exemptions. For example, the 25th percentile tax bill is around $477, while the 75th percentile tax bill reaches approximately $1056. At the higher end, the 90th percentile tax bill can be about $1390. These figures highlight the variability in tax bills, which can significantly impact household budgets. Compared to the national median property tax rate of 0.99%, Mulliken's rates reflect the localized economic and governmental factors that influence property taxes in this region.
Average Mulliken Tax Bill
$737
Average Ionia County Tax Bill
$910
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Mulliken, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48861 | $344 | $477 | $737 | $1,056 | $1,390 |
Source: Ownwell