Leslie, Michigan Property Taxes
The median property tax rate in Leslie, MI is 0.47%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Leslie at $211,600, the typical annual property tax bill amounts to $962, well below the national median of $2,690. Property taxes in Leslie are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Leslie'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 Leslie 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
Leslie, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$995
Ownwell’s Leslie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Leslie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Leslie 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 Leslie, Michigan
Property taxes in Leslie, Michigan, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Leslie is 0.47%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Leslie set these rates annually, and they can vary across different neighborhoods. Each year, Leslie 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 Leslie's effective property tax rate to other areas in Michigan and the national median. For comparison, the 49251 zip code has both the highest and lowest median property tax rate of 0.47%. Understanding how these areas compare with Leslie provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Leslie Tax Rate
0.47%
Average Jackson County Tax Rate
0.86%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leslie, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49251 | 0.37% | 0.42% | 0.47% | 0.58% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Leslie, Michigan
In Leslie, 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 Jackson 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 Leslie, 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. Leslie has a median home price of $211,600, with tax bills ranging from $677 at the 25th percentile to $1,714 at the 90th percentile. The zip code 49251 has both the highest and lowest median tax bill, which is $962. Being aware of these valuation processes in Leslie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Leslie Assessed Value
$211,600
Average Jackson County Assessed Value
$149,600
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Leslie, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49251 | $106,900 | $147,100 | $211,600 | $277,400 | $348,000 |
Source: Ownwell
Property Tax Bills Across Leslie, Michigan
In Leslie, located in Jackson County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is typically a percentage of the market value of the property. Homeowners in Leslie can expect their property tax bills to vary, with the 25th percentile tax bill around $677 and the 75th percentile tax bill about $1,391. For those at the 90th percentile, the tax bill can reach up to $1,714. These tax bills are influenced by various factors including property size, location, and any applicable exemptions. The median home price in Leslie is $211,600, which plays a significant role in determining the tax amount. Compared to the national median property tax rate of 0.99%, Leslie's tax bills reflect the local economic conditions and property values. Understanding these factors can help homeowners anticipate their tax obligations and budget accordingly.
Average Leslie Tax Bill
$962
Average Jackson County Tax Bill
$1,283
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Leslie, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49251 | $538 | $677 | $962 | $1,391 | $1,714 |
Source: Ownwell