Byron Center, Michigan Property Taxes
The median property tax rate in Byron Center, MI is 0.84%, which is lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Byron Center at $440,900, the typical annual property tax bill reaches $3,524, surpassing the national median of $2,690. Property taxes in Byron Center 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 Byron Center'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 Byron Center 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
Byron Center, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$3,704
Ownwell’s Byron Center Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Byron Center with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Byron Center 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 Byron Center, Michigan
Property taxes in Byron Center, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Byron Center is 0.84%, which is lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Byron Center set these rates annually, and they can vary significantly across different neighborhoods. Each year, Byron Center 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 Byron Center's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49315 zip code has the highest median property tax rate of 0.84%, while the same zip code also has the lowest median tax rate of 0.84%. Understanding how these cities compare with Byron Center provides valuable insights into the varying tax landscape across Ottawa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Byron Center Tax Rate
0.84%
Average Ottawa County Tax Rate
0.90%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Byron Center, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49315 | 0.64% | 0.74% | 0.84% | 0.98% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Byron Center, Michigan
In Byron Center, Michigan, understanding the difference between "market value" and "assessed value" is essential for comprehending property taxes. The market value represents 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 Ottawa County Assessor 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 Byron Center, 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 Byron Center is $440,900, with tax bills ranging from $2,491 at the 25th percentile to $6,442 at the 90th percentile. Both the highest and lowest median tax bills in the area are $3,524, found in the 49315 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for appealing assessments or applying for exemptions to effectively manage their tax burden.
Average Byron Center Assessed Value
$440,900
Average Ottawa County Assessed Value
$276,000
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Byron Center, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49315 | $253,480 | $312,950 | $440,900 | $559,250 | $708,840 |
Source: Ownwell
Property Tax Bills Across Byron Center, Michigan
In Byron Center, 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. Homeowners in Byron Center, located in Ottawa County, face property tax bills that can vary significantly. For instance, the median home price in the area is $440,900, leading to a range of tax bills. The 25th percentile tax bill is around $2,491, while the 75th percentile reaches $4,958, and the 90th percentile goes up to $6,442. Compared to the national median property tax rate of 0.99%, these figures highlight the variability in tax burdens based on property values and local tax rates. Factors such as property improvements, neighborhood developments, and changes in market conditions can influence the assessed value, thereby affecting the tax bill. Homeowners must consider these elements as they can significantly impact annual expenses.
Average Byron Center Tax Bill
$3,524
Average Ottawa County Tax Bill
$2,533
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Byron Center, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49315 | $2,072 | $2,491 | $3,524 | $4,958 | $6,442 |
Source: Ownwell