Clyde, Michigan Property Taxes
The median property tax rate in Clyde, MI is 0.63%, considerably lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Clyde, the typical annual property tax bill reaches $1,384, significantly less than the national median of $2,690. Property taxes in Clyde 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 Clyde'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 Clyde 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
Clyde, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$1,356
Ownwell’s Clyde Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clyde with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clyde 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 Clyde, Michigan
Property taxes in Clyde, Michigan, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Clyde is 0.63%, which is lower than the U.S. national median of 0.99%. Local government entities within Clyde set these rates annually, and they can vary across different neighborhoods. Each year, Clyde 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 Clyde's effective property tax rate to other areas in Michigan and the national median. For comparison, the zip code 48049 has the highest median property tax rate of 0.63% and the lowest median tax rate of 0.63%. Understanding how these cities compare with Clyde 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 Clyde Tax Rate
0.63%
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 Clyde, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48049 | 0.42% | 0.53% | 0.63% | 0.76% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Clyde, Michigan
In Clyde, 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 Clyde, 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 Clyde helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area both stand at $1,384, particularly in the 48049 zip code.
Average Clyde Assessed Value
$215,300
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 Clyde, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48049 | $118,000 | $167,700 | $215,300 | $282,000 | $360,000 |
Source: Ownwell
Property Tax Bills Across Clyde, Michigan
In Clyde, located in St. Clair County, MI, property tax bills are calculated based on the assessed value of a home, which is typically around 50% of its market value. For instance, with a median home price of $215,300, the assessed value would be approximately $107,650. The local tax rate is then applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including local government budgets, school district funding needs, and public service requirements. Homeowners in Clyde can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $963, while the 75th percentile reaches $2,000, and the 90th percentile can go up to $2,707. The highest and lowest median tax bills in the area both stand at $1,384 in the 48049 zip code. Compared to the national median property tax rate of 0.99%, Clyde's property taxes can be relatively moderate, offering a balanced fiscal environment for homeowners.
Average Clyde Tax Bill
$1,384
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 Clyde, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48049 | $616 | $963 | $1,384 | $2,000 | $2,707 |
Source: Ownwell