Fremont, Michigan Property Taxes
The median property tax rate in Fremont, MI is 0.40%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Fremont, the typical annual property tax bill is $587, well below the national median of $2,690. Property taxes in Fremont 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 Fremont'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 Fremont 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
Fremont, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$742
Ownwell’s Fremont Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fremont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fremont 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 Fremont, Michigan
Property taxes in Fremont, Michigan, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Fremont is 0.40%, which is lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Fremont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fremont 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 Fremont's effective property tax rate to other counties in Michigan and the national median. For comparison, the highest median property tax rate in the county is found in zip code 49442 with a rate of 1.60%, while the lowest is in zip code 49437 with a rate of 0.30%. Understanding how these areas compare with Fremont provides valuable insights into the varying tax landscape across Muskegon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fremont Tax Rate
0.40%
Average Muskegon County Tax Rate
0.47%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fremont, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49412 | 0.30% | 0.32% | 0.40% | 0.51% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Fremont, Michigan
In Fremont, 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 Muskegon 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 Fremont, 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 Fremont helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Fremont is $185,400, with tax bills ranging from $547 at the 25th percentile to $949 at the 90th percentile. The zip code 49412 has the highest and lowest median tax bill at $587.
Average Fremont Assessed Value
$185,400
Average Muskegon County Assessed Value
$163,000
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fremont, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49412 | $51,000 | $109,200 | $185,400 | $194,600 | $218,880 |
Source: Ownwell
Property Tax Bills Across Fremont, Michigan
In Fremont, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is a percentage of the property's market value. For instance, with a median home price of $185,400, homeowners can expect their tax bill to reflect this valuation. The tax rate in Fremont is influenced by various factors, including local government budgets and public service funding needs. Homeowners in Fremont see tax bills that can vary widely. At the 25th percentile, the tax bill is around $547, while at the 75th percentile, it reaches $848. For those at the 90th percentile, the tax bill can go up to $949. These amounts are relatively moderate when compared to the national median property tax rate of 0.99%. The property tax bill impacts homeowners by contributing to essential services such as education, infrastructure, and public safety. Understanding how these taxes are calculated helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Fremont Tax Bill
$587
Average Muskegon County Tax Bill
$841
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Fremont, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49412 | $217 | $547 | $587 | $848 | $949 |
Source: Ownwell