Goodells, Michigan Property Taxes
The median property tax rate in Goodells, MI is 0.50%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Goodells, the typical annual property tax bill reaches $927, well below the national median of $2,690. Property taxes in Goodells 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 Goodells' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Goodells 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
Goodells, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.5%
Estimate Property Tax Bill
$1,028
Ownwell’s Goodells Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Goodells with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Goodells 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 St. Clair County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Goodells, Michigan
Property taxes in Goodells, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Goodells is 0.50%, which is lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Goodells set these rates annually, and they can vary significantly across different neighborhoods. Each year, Goodells 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 Goodells' effective property tax rate to other areas in Michigan and the national median. For comparison, the zip code 48027 has the highest median property tax rate of 0.50%, while the same zip code also has the lowest median tax rate of 0.50%. Understanding how these areas compare with Goodells 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 Goodells Tax Rate
0.50%
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 Goodells, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48027 | 0.32% | 0.37% | 0.50% | 0.58% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Goodells, Michigan
In Goodells, 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 Goodells, 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 Goodells is $205,600. 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 zip code with the highest median tax bill is 48027, with a median bill of $927. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Goodells Assessed Value
$205,600
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 Goodells, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48027 | $106,440 | $148,400 | $205,600 | $284,000 | $370,120 |
Source: Ownwell
Property Tax Bills Across Goodells, Michigan
In Goodells, located in St. Clair County, MI, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the market value, which is influenced by factors such as location, property size, and condition. Homeowners in Goodells can expect varying tax bills, with the 25th percentile at $610 and the 75th percentile reaching $1,754. For those at the higher end, the 90th percentile tax bill is $2,275. The median home price in Goodells is $205,600, and the median tax bill stands at $927, which is below the national median property tax rate of 0.99%. This relatively lower tax burden can be an attractive aspect for potential homeowners, providing a balance between property value and tax liability. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Goodells Tax Bill
$927
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 Goodells, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48027 | $466 | $610 | $927 | $1,754 | $2,275 |
Source: Ownwell