Alden, Michigan Property Taxes
The median property tax rate in Alden, MI is 0.91%, which is lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Alden at $128,600, the typical annual property tax bill reaches $1,217, falling below the national median of $2,690. Property taxes in Alden 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 Alden'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 Alden or another part of Kalkaska County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alden, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$1,170
Ownwell’s Alden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alden 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 Alden, Michigan
Property taxes in Alden, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alden is 0.91%, which is lower than the U.S. national median of 0.99%. Local government entities within Alden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alden 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 Alden's effective property tax rate to other areas in Michigan and the national median. For comparison, the ZIP code 49612 has both the highest and lowest median property tax rate of 0.91%. Understanding how these cities compare with Alden provides valuable insights into the varying tax landscape across Kalkaska County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alden Tax Rate
0.91%
Average Kalkaska County Tax Rate
0.93%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alden, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49612 | 0.65% | 0.77% | 0.91% | 1.29% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Alden, Michigan
In Alden, 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 local 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 Alden, 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 Alden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Alden is $1217 in the 49612 zip code, while the lowest median tax bill is also $1217 in the same zip code.
Average Alden Assessed Value
$128,600
Average Kalkaska County Assessed Value
$137,400
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alden, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49612 | $44,800 | $69,000 | $128,600 | $210,600 | $283,640 |
Source: Ownwell
Property Tax Bills Across Alden, Michigan
In Alden, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For Kalkaska County, the median home price stands at $128,600. Homeowners in this region can expect their property tax bills to vary significantly. At the 25th percentile, the tax bill is around $678, while at the 75th percentile, it rises to approximately $2,020. The highest tax bills, at the 90th percentile, can reach up to $2,907. Several factors influence these tax bills, including the local tax rate and any applicable exemptions or deductions. The tax rate in Alden is influenced by various public needs such as schools, infrastructure, and emergency services. Comparing this to the national median property tax rate of 0.99%, Alden homeowners may find their tax obligations either above or below this benchmark, impacting their overall financial planning and homeownership costs. Understanding these variables is crucial for homeowners to anticipate and manage their property tax responsibilities effectively.
Average Alden Tax Bill
$1,217
Average Kalkaska County Tax Bill
$1,200
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Alden, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49612 | $466 | $678 | $1,217 | $2,020 | $2,907 |
Source: Ownwell