China, Michigan Property Taxes
The median property tax rate in China, MI is 0.59%, considerably lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in China, the typical annual property tax bill reaches $1,730, well below the national median of $2,690. Property taxes in China 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 China'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 China 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
China, 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 China Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in China with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in China 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 China, Michigan
Property taxes in China, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in China is 0.59%, which is lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within China set these rates annually, and they can vary significantly across different neighborhoods. Each year, China 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 China's effective property tax rate to other areas in Michigan and the national median. For comparison, the 48054 zip code has both the highest and lowest median property tax rate of 0.59%. Understanding how these cities compare with China 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 China Tax Rate
0.59%
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 China, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48054 | 0.50% | 0.54% | 0.59% | 0.66% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across China, Michigan
In China, 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 China, 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 China 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 is 48054, with a median tax bill of $1,730.
Average China Assessed Value
$286,000
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 China, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48054 | $161,440 | $209,400 | $286,000 | $382,400 | $480,600 |
Source: Ownwell
Property Tax Bills Across China, Michigan
In China, located in St. Clair County, MI, property tax bills are calculated based on the assessed value of a homeowner's property, which is determined by the local tax assessor. This assessed value is typically a percentage of the property's market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the property's location, size, and any improvements made. For instance, the median home price in China is $286,000. Homeowners can expect varying tax bills, with the 25th percentile paying around $1,325 and the 75th percentile paying approximately $2,321. At the higher end, the 90th percentile sees tax bills reaching up to $3,059. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, homeowners in China experience a range of tax obligations that reflect the value and characteristics of their properties, impacting their overall financial planning and homeownership costs.
Average China Tax Bill
$1,730
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 China, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48054 | $1,013 | $1,325 | $1,730 | $2,321 | $3,059 |
Source: Ownwell