Grand Haven, Michigan Property Taxes
The median property tax rate in Grand Haven, MI is 0.85%, which is lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $274,000, the typical annual property tax bill in Grand Haven is $2,417, falling below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often less than the market value due to exemptions like those for primary residences and agricultural properties. Navigating Grand Haven's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you reside in the heart of Grand Haven or another part of the city, understanding the local property tax system can provide significant benefits for both homeowners and real estate investors.
Last Updated June 14, 2024
Grand Haven, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$2,329
Ownwell’s Grand Haven Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Grand Haven with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grand Haven to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Grand Haven, Michigan
Property taxes in Grand Haven, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grand Haven is 0.85%, which is lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Grand Haven set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grand Haven 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 Grand Haven's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49417 zip code has the highest median property tax rate of 0.85%, while the same zip code also has the lowest median tax rate of 0.85%. Understanding how these cities compare with Grand Haven 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 Grand Haven Tax Rate
0.85%
Average Ottawa County Tax Rate
0.90%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grand Haven, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49417 | 0.59% | 0.66% | 0.85% | 1.19% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Grand Haven, Michigan
In Grand Haven, 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 Ottawa 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 Grand Haven, 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 Grand Haven helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Grand Haven is 49417, both at $2,417.
Average Grand Haven Assessed Value
$274,000
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 Grand Haven, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49417 | $152,200 | $201,400 | $274,000 | $393,800 | $546,580 |
Source: Ownwell
Property Tax Bills Across Grand Haven, Michigan
In Grand Haven, located in Ottawa County, MI, property tax bills are calculated based on the assessed value of the home, which is determined by the local assessor's office. The assessed value typically represents 50% of the property's market value. For a home with a median price of $274,000, this would result in an assessed value of $137,000. The local tax rate is then applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including the property's location, improvements made to the home, and any applicable exemptions or abatements. For instance, the 25th percentile tax bill in Grand Haven is $1,728, while the 75th percentile reaches $3,559, and the 90th percentile can be as high as $5,572. The highest median tax bill in the area is $2,417, which is notably higher than the national median property tax rate of 0.99%. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting homeowners by contributing to community development and quality of life.
Average Grand Haven Tax Bill
$2,417
Average Ottawa County Tax Bill
$2,533
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Grand Haven, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49417 | $1,201 | $1,728 | $2,417 | $3,559 | $5,572 |
Source: Ownwell