Kimball, Michigan Property Taxes
The median property tax rate in Kimball, MI is 0.51%, considerably lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Kimball, the typical annual property tax bill reaches $867, well below the national median of $2,690. Property taxes in Kimball 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 Kimball'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 Kimball 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
Kimball, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$861
Ownwell’s Kimball Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kimball with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kimball to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Kimball, Michigan
Property taxes in Kimball, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kimball is 0.51%, which is notably lower than the U.S. national median of 0.99%. Local government entities within Kimball set these rates annually, and they can vary across different neighborhoods. Each year, Kimball 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 Kimball's effective property tax rate to other areas in Michigan and the national median. For comparison, the zip code 48074 has the highest median property tax rate of 0.51%, while the same zip code also has the lowest median tax rate of 0.51%. Understanding how these figures compare with Kimball 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 Kimball Tax Rate
0.51%
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 Kimball, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48074 | 0.35% | 0.42% | 0.51% | 0.63% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Kimball, Michigan
In Kimball, 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 Kimball, 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 Kimball helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Kimball's median home price stands at $168,900, with tax bills ranging from the 25th percentile at $524 to the 90th percentile at $1761. The highest and lowest median tax bills are both recorded at $867 in the 48074 zip code.
Average Kimball Assessed Value
$168,900
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 Kimball, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48074 | $12,340 | $105,200 | $168,900 | $244,800 | $315,720 |
Source: Ownwell
Property Tax Bills Across Kimball, Michigan
In Kimball, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Kimball is $168,900, and property tax rates are applied to this assessed value to determine the tax bill. Factors such as property improvements, neighborhood changes, and local government budgets can influence the assessed value and, consequently, the tax bill. Homeowners in Kimball can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is $524, while the 75th percentile tax bill reaches $1,278, and the 90th percentile tax bill can be as high as $1,761. These variations reflect differences in property values and assessments within the area. The highest and lowest median tax bills in the region are both $867, occurring in the 48074 zip code. Compared to the national median property tax rate of 0.99%, homeowners in Kimball may experience a range of tax obligations, impacting their overall financial planning and homeownership costs.
Average Kimball Tax Bill
$867
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 Kimball, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48074 | $96 | $524 | $867 | $1,278 | $1,761 |
Source: Ownwell