Hart, Michigan Property Taxes
The median property tax rate in Hart, Michigan is 1.12%, which is notably higher than both the national median of 0.99% and Michigan's state median of 1.07%. With a median home value of $128,300 in Hart, the typical annual property tax bill amounts to $1,478, surpassing the national median of $2,690. Property taxes in Hart are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Hart'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 Hart 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
Hart, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$1,437
Ownwell’s HART Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in HART with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in HART 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 Hart, Michigan
Property taxes in Hart, Michigan, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Hart is 1.12%, higher than the U.S. national median of 0.99%. Local government entities within Hart set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hart 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 Hart's effective property tax rate to other areas in Michigan and the national median. For comparison, the 49420 zip code has both the highest and lowest median property tax rate of 1.12%. Understanding how these areas compare with Hart provides valuable insights into the varying tax landscape across Oceana County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hart Tax Rate
1.12%
Average Oceana County Tax Rate
1.08%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hart, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49420 | 0.68% | 0.87% | 1.12% | 1.45% | 1.82% |
Source: Ownwell
Property Tax Assessment Values Across Hart, Michigan
In HART, 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 Oceana 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 HART, 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 HART helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In HART, the highest and lowest median tax bills are both $1,478, specifically in the 49420 zip code.
Average Hart Assessed Value
$128,300
Average Oceana County Assessed Value
$154,800
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hart, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49420 | $51,940 | $88,000 | $128,300 | $207,850 | $305,000 |
Source: Ownwell
Property Tax Bills Across Hart, Michigan
In HART, located in Oceana 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 typically represents a percentage of the property's market value. Homeowners in HART face a median property tax rate of 0.99%, aligning with the national median. For a median home price of $128,300, this results in an estimated tax bill. Several factors contribute to the final tax bill, including local tax rates and any applicable exemptions or deductions. The tax bill can vary significantly, with the 25th percentile at $994 and the 75th percentile reaching $2188. At the 90th percentile, homeowners might see tax bills as high as $3323. The highest and lowest median tax bills in the area are both recorded at $1478 in the 49420 zip code. These variations can significantly impact homeowners' annual expenses, influencing decisions on property investments and long-term financial planning.
Average Hart Tax Bill
$1,478
Average Oceana County Tax Bill
$1,632
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Hart, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49420 | $635 | $994 | $1,478 | $2,188 | $3,323 |
Source: Ownwell