Rhodes, Michigan Property Taxes
The median property tax rate in Rhodes, MI is 0.42%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Rhodes at $174,200, the typical annual property tax bill is $696, which is well below the national median of $2,690. Property taxes in Rhodes are calculated 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. Understanding Rhodes' property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Rhodes or another part of Midland County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rhodes, Michigan Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$2,140
Ownwell’s Rhodes Property Tax Bill Calculator provides homeowners, real estate investors, and potential buyers an easy way to estimate their annual property taxes in Rhodes with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Rhodes to project your property tax bill. This valuable tool offers a clear understanding of your potential tax liabilities. For those interested in exploring trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is the value determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Rhodes, Michigan
Property taxes in Rhodes, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rhodes is 1.52%, higher than both the Michigan state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Rhodes set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rhodes 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 Rhodes's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48652 zip code has the highest median property tax rate of 1.52%, while the 48652 zip code also has the lowest median tax rate of 1.52%. Understanding how these cities compare with Rhodes provides valuable insights into the varying tax landscape across Midland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rhodes Tax Rate
0.42%
Average Midland County Tax Rate
0.54%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rhodes, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48652 | 0.31% | 0.39% | 0.42% | 0.45% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Rhodes, Michigan
In Rhodes, 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 Midland 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 Rhodes, 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 Rhodes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $696, found in zip code 48652.
Average Rhodes Assessed Value
$174,200
Average Midland County Assessed Value
$158,800
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rhodes, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48652 | $60,480 | $97,600 | $174,200 | $248,150 | $305,120 |
Source: Ownwell
Property Tax Bills Across Rhodes, Michigan
In Rhodes, located within Midland County, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, with a median home price of $174,200, the assessed value is determined and then multiplied by the local tax rate. The tax bill can vary widely, as seen with the 25th percentile at $411, the 75th percentile at $1033, and the 90th percentile reaching up to $1350. These figures highlight the range of property tax burdens that homeowners in Rhodes might experience. Several factors influence this tax bill, including property size, location, and any applicable exemptions. Homeowners in Rhodes, therefore, might find their annual property tax bill to be a significant part of their housing costs. Understanding these factors is crucial for homeowners to manage their finances effectively. Compared to the national median property tax rate of 0.99%, Rhodes' tax rates can be considered relatively moderate, impacting the overall affordability of living in the area.
Average Rhodes Tax Bill
$696
Average Midland County Tax Bill
$1,273
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Rhodes, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48652 | $219 | $411 | $696 | $1,033 | $1,350 |
Source: Ownwell