Brant, Michigan Property Taxes
The median property tax rate in Brant, MI is 0.35%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Brant at $145,200, the typical annual property tax bill amounts to $483, which is far below the national median of $2,690. Property taxes in Brant 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 Brant'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 Brant 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
Brant, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.35%
Estimate Property Tax Bill
$508
Ownwell’s Brant Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brant with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brant 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 Brant, Michigan
Property taxes in Brant, Michigan, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brant is 1.89%, significantly higher than both the Michigan state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Brant set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brant 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 Brant's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48601 ZIP code has the highest median property tax rate of 2.10%, while the 48655 ZIP code has the lowest median tax rate of 1.68%. Understanding how these cities compare with Brant provides valuable insights into the varying tax landscape across Saginaw County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brant Tax Rate
0.35%
Average Saginaw County Tax Rate
0.78%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brant, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48614 | 0.17% | 0.26% | 0.35% | 0.40% | 0.47% |
Source: Ownwell
Property Tax Assessment Values Across Brant, Michigan
In Brant, 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 Saginaw 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 Brant, 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 Brant helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Brant is $483 in the 48614 zip code, while the lowest median tax bill is also $483 in the same zip code.
Average Brant Assessed Value
$145,200
Average Saginaw County Assessed Value
$119,800
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brant, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48614 | $49,120 | $93,600 | $145,200 | $206,200 | $282,480 |
Source: Ownwell
Property Tax Bills Across Brant, Michigan
In Brant, located in Saginaw County, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, with a median home price of $145,200, the property tax rate is applied to determine the tax bill. Various factors influence this calculation, including the property’s assessed value, local tax rates, and any applicable exemptions or deductions. Homeowners in Brant experience a range of property tax bills. The 25th percentile tax bill is around $269, while the 75th percentile reaches $736. For those at the 90th percentile, the tax bill can be as high as $1,036. These figures illustrate how property taxes can vary significantly, impacting household budgets differently. Compared to the national median property tax rate of 0.99%, Brant's property taxes can be relatively moderate, providing some relief to homeowners in the area. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances accordingly.
Average Brant Tax Bill
$483
Average Saginaw County Tax Bill
$894
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Brant, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48614 | $140 | $269 | $483 | $736 | $1,036 |
Source: Ownwell