Jenison, Michigan Property Taxes
The median property tax rate in Jenison, 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 Jenison at $264,200, the typical annual property tax bill amounts to $2,263, falling below the national median of $2,690. Property taxes in Jenison are calculated based on the tax assessed value, which often is less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Jenison'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 Jenison 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
Jenison, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$2,219
Ownwell’s Jenison Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jenison with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jenison 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 Jenison, Michigan
Property taxes in Jenison, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jenison is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Jenison set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jenison 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 Jenison's effective property tax rate to other counties in Michigan and the national median. For comparison, the zip code 49428 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 Jenison 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 Jenison 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 Jenison, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49428 | 0.71% | 0.75% | 0.84% | 1.04% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Jenison, Michigan
In Jenison, 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 Jenison, 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 Jenison is $264,200, with tax bills ranging from $1,869 at the 25th percentile to $3,956 at the 90th percentile. Interestingly, the zip code 49428 has both the highest and lowest median tax bill, both at $2,263. By understanding 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 Jenison helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Jenison Assessed Value
$264,200
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 Jenison, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49428 | $182,500 | $232,200 | $264,200 | $303,400 | $388,400 |
Source: Ownwell
Property Tax Bills Across Jenison, Michigan
In Jenison, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value typically represents half of the property's market value. For instance, with a median home price of $264,200, the assessed value would be around $132,100. The tax rate is then applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including local tax rates and any applicable exemptions or deductions. In Ottawa County, where Jenison is located, homeowners can expect a range of tax bills. For example, the 25th percentile tax bill is $1,869, while the 75th percentile reaches $2,958, and the 90th percentile climbs to $3,956. These property taxes fund essential local services such as schools, police, and infrastructure, directly impacting homeowners by contributing to the community's overall quality of life. Comparing these figures to the national median property tax rate of 0.99%, Jenison's tax rates and bills reflect its unique local economic conditions.
Average Jenison Tax Bill
$2,263
Average Ottawa County Tax Bill
$2,533
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Jenison, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49428 | $1,577 | $1,869 | $2,263 | $2,958 | $3,956 |
Source: Ownwell