Champion, Michigan Property Taxes
The median property tax rate in Champion, MI is 0.38%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Champion, the typical annual property tax bill is $358, well below the national median of $2,690. Property taxes in Champion are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Champion's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Champion or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Champion, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.38%
Estimate Property Tax Bill
$386
Ownwell’s Champion Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Champion with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Champion 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 Champion, Michigan
Property taxes in Champion, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Champion is 1.54%, significantly higher than both the Michigan state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Champion set these rates annually, and they can vary significantly across different neighborhoods. Each year, Champion 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 Champion's effective property tax rate to other counties in Michigan and the national median. For comparison, the highest median property tax rate in the region is 2.18% in zip code 49855, while the lowest median tax rate is 0.38% in zip code 49814. Understanding how these cities compare with Champion provides valuable insights into the varying tax landscape across Marquette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Champion Tax Rate
0.38%
Average Marquette County Tax Rate
0.46%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Champion, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49814 | 0.22% | 0.29% | 0.38% | 0.44% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Champion, Michigan
In Champion, 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 Marquette 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 Champion, 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 Champion helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Champion is $101,600, with the highest and lowest median tax bills both recorded at $358 in the 49814 zip code.
Average Champion Assessed Value
$101,600
Average Marquette County Assessed Value
$155,200
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Champion, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49814 | $31,260 | $56,200 | $101,600 | $162,050 | $252,020 |
Source: Ownwell
Property Tax Bills Across Champion, Michigan
In Champion, located in Marquette County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the home's market value, and this percentage can vary. For example, with a median home price of $101,600, the property tax rate is applied to this assessed value to determine the final tax bill. Several factors influence the tax bill, including the property's location, size, and any improvements made. In Champion, the property tax bills range significantly, with the 25th percentile at $188 and the 75th percentile at $588. The 90th percentile reaches up to $936, showing the variability based on individual property assessments. These property taxes directly impact homeowners by contributing to local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Champion's tax bills reflect the local economic conditions and the specific needs of Marquette County.
Average Champion Tax Bill
$358
Average Marquette County Tax Bill
$725
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Champion, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49814 | $90 | $188 | $358 | $588 | $936 |
Source: Ownwell