Ada, Michigan Property Taxes
The median property tax rate in Ada, MI is 0.76%, noticeably lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Ada at $467,800, the typical annual property tax bill reaches $3,550, surpassing the national median of $2,690. Property taxes in Ada are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ada'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 Ada 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
Ada, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$3,555
Ownwell’s Ada Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ada with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ada 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 Ada, Michigan
Property taxes in Ada, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ada is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Ada set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ada 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 Ada's effective property tax rate to other areas in Michigan and the national median. For comparison, the 49301 zip code has both the highest and lowest median property tax rate of 0.76%. Understanding how these figures compare with Ada provides valuable insights into the varying tax landscape across Kent County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ada Tax Rate
0.76%
Average Kent County Tax Rate
0.89%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ada, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49301 | 0.59% | 0.67% | 0.76% | 0.87% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Ada, Michigan
In Ada, 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 Kent 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. 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. In Ada, the median home price is $467,800. The tax bill at the 25th percentile is $2,469, while at the 75th percentile, it is $5,111. The 90th percentile tax bill reaches $7,277. The highest and lowest median tax bills both stand at $3,550 in zip code 49301. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ada Assessed Value
$467,800
Average Kent County Assessed Value
$248,400
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ada, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49301 | $265,400 | $341,100 | $467,800 | $643,200 | $889,200 |
Source: Ownwell
Property Tax Bills Across Ada, Michigan
In Ada, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. For instance, with a median home price of $467,800, the assessed value plays a crucial role in determining the tax bill. Homeowners in Ada can expect a wide range of property tax bills, from the 25th percentile at $2,469 to the 90th percentile reaching $7,277. The median tax bill in the area is notably around $3,550, which aligns with the highest and lowest median tax bills recorded in the zip code 49301. Several factors influence how much homeowners will pay, including local tax rates and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Ada's property taxes can significantly impact household budgets. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly, ensuring they are prepared for the annual property tax bill.
Average Ada Tax Bill
$3,550
Average Kent County Tax Bill
$2,321
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Ada, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49301 | $1,771 | $2,469 | $3,550 | $5,111 | $7,277 |
Source: Ownwell