Middleville, Michigan Property Taxes
The median property tax rate in Middleville, MI is 0.79%, which is notably lower than both the national median of 0.99% and Michigan's state median of 1.07%. With a median home value of $427,000 in Middleville, the typical annual property tax bill amounts to $3,654, surpassing the national median of $2,690. Property taxes in Middleville are determined based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Middleville's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in significant annual savings. Whether you reside in the heart of Middleville or another part of Kent County, understanding the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Middleville, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$3,373
Ownwell’s Middleville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Middleville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Middleville 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 Middleville, Michigan
Property taxes in Middleville, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Middleville is 0.79%, which is lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Middleville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Middleville 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 Middleville's effective property tax rate to other areas in Michigan and the national median. For comparison, the 49333 zip code has both the highest and lowest median property tax rate of 0.79%. Understanding how these areas compare with Middleville 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 Middleville Tax Rate
0.79%
Average Kent County Tax Rate
0.89%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Middleville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49333 | 0.61% | 0.69% | 0.79% | 0.86% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Middleville, Michigan
In Middleville, 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. In Middleville, 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. The median home price in Middleville is $427,000, with tax bills ranging from $2,795 at the 25th percentile to $5,449 at the 90th percentile. The zip code with the highest and lowest median tax bill is 49333, with a median tax bill of $3,654. 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 Middleville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Middleville Assessed Value
$427,000
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 Middleville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49333 | $255,640 | $339,600 | $427,000 | $565,800 | $693,600 |
Source: Ownwell
Property Tax Bills Across Middleville, Michigan
In Middleville, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is typically a percentage of the market value of the property. For instance, if a home in Middleville has a median home price of $427,000, the assessed value will be a fraction of this amount. The property tax rate is then applied to this assessed value to determine the tax bill. Several factors influence the tax bill, including the property’s location, size, and any applicable exemptions. In Middleville, the tax bill ranges significantly, with the 25th percentile at $2,795 and the 75th percentile at $4,296. The 90th percentile tax bill can go up to $5,449, indicating substantial variability based on property characteristics and exemptions. For homeowners, this means that property taxes can significantly impact annual expenses, with some paying well above the national median property tax rate of 0.99%. This variability underscores the importance of understanding local tax assessments and potential exemptions.
Average Middleville Tax Bill
$3,654
Average Kent County Tax Bill
$2,321
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Middleville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49333 | $2,025 | $2,795 | $3,654 | $4,296 | $5,449 |
Source: Ownwell