Sunfield, Michigan Property Taxes
The median property tax rate in Sunfield, MI is 0.42%, considerably lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Sunfield at $160,500, the typical annual property tax bill reaches $641, significantly below the national median of $2,690. Property taxes in Sunfield 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 Sunfield'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 Sunfield 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
Sunfield, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.42%
Estimate Property Tax Bill
$674
Ownwell’s Sunfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sunfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sunfield 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 Sunfield, Michigan
Property taxes in Sunfield, Michigan, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Sunfield is 0.42%, which is significantly lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Sunfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sunfield 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 Sunfield's effective property tax rate to other areas in Michigan and the national median. For comparison, the zip code 48890 has the highest median property tax rate of 0.42%, while the lowest median tax rate is also 0.42% in the same zip code. Understanding how these areas compare with Sunfield 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 Sunfield Tax Rate
0.42%
Average Ionia County Tax Rate
0.49%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sunfield, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48890 | 0.28% | 0.36% | 0.42% | 0.50% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Sunfield, Michigan
In Sunfield, 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 Sunfield, 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. 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 Sunfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Sunfield is $641.00 in the 48890 zip code, and the lowest median tax bill is also $641.00 in the 48890 zip code.
Average Sunfield Assessed Value
$160,500
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 Sunfield, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48890 | $59,240 | $102,300 | $160,500 | $247,950 | $312,500 |
Source: Ownwell
Property Tax Bills Across Sunfield, Michigan
In Sunfield, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the property's market value. For instance, if the median home price in Sunfield is $160,500, the assessed value would be a fraction of this amount, depending on local assessment rates. The tax rate in Sunfield, part of Ionia County, is then applied to this assessed value to determine the annual property tax bill. Factors such as property location, improvements, and exemptions can influence the final tax amount. Homeowners in Sunfield can expect a range of property tax bills. For example, those in the 25th percentile pay around $409, while those in the 75th percentile pay approximately $970. For homeowners at the 90th percentile, the tax bill can be as high as $1,300. These taxes are crucial for funding local services such as schools, emergency services, and infrastructure, directly impacting the quality of life in the community.
Average Sunfield Tax Bill
$641
Average Ionia County Tax Bill
$910
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Sunfield, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48890 | $263 | $409 | $641 | $970 | $1,300 |
Source: Ownwell