Burtchville, Michigan Property Taxes
The median property tax rate in Burtchville, MI is 0.58%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $190,000 in Burtchville, the typical annual property tax bill amounts to $1,097, which is well below the national median of $2,690. Property taxes in Burtchville are calculated based on the assessed value, which is typically lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Burtchville'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 Burtchville 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
Burtchville, Michigan Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$2,140
Ownwell’s BURTCHVILLE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BURTCHVILLE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BURTCHVILLE 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 Burtchville, Michigan
Property taxes in Burtchville, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Burtchville is 0.58%, which is lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Burtchville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burtchville 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 Burtchville's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48059 zip code has the highest median property tax rate of 0.58%, while the same zip code also has the lowest median tax rate of 0.58%. Understanding how these cities compare with Burtchville provides valuable insights into the varying tax landscape across St. Clair County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Burtchville Tax Rate
0.58%
Average St. Clair County Tax Rate
0.78%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burtchville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48059 | 0.35% | 0.47% | 0.58% | 0.79% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Burtchville, Michigan
In Burtchville, 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 St. Clair 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 Burtchville, 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. The median home price in Burtchville is $190,000, with tax bills ranging from $697 at the 25th percentile to $3,667 at the 90th percentile. The highest and lowest median tax bills are both found in the 48059 zip code, amounting to $1,097. Being aware of these valuation processes in Burtchville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Burtchville Assessed Value
$190,000
Average St. Clair County Assessed Value
$181,600
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Burtchville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48059 | $3,940 | $114,250 | $190,000 | $323,650 | $534,240 |
Source: Ownwell
Property Tax Bills Across Burtchville, Michigan
In Burtchville, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is a percentage of the property's market value. For instance, if the median home price is $190,000, the assessed value would be a portion of this amount. The tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the home's location, size, and any applicable exemptions. In Burtchville, the median tax bill is $1,097, which is slightly above the national median property tax rate of 0.99%. Homeowners in the 25th percentile pay around $697, while those in the 75th percentile face bills of about $1,873. The highest tax bills, in the 90th percentile, can reach up to $3,667. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners.
Average Burtchville Tax Bill
$1,097
Average St. Clair County Tax Bill
$1,504
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Burtchville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48059 | $33 | $697 | $1,097 | $1,873 | $3,667 |
Source: Ownwell