Mendon, Michigan Property Taxes
The median property tax rate in Mendon, MI is 0.36%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $133,300 in Mendon, the typical annual property tax bill is around $478, well below the national median of $2,690. Property taxes in Mendon are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Mendon's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Mendon or another part of St. Joseph County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mendon, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.36%
Estimate Property Tax Bill
$480
Ownwell’s Mendon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mendon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mendon 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 Mendon, Michigan
Property taxes in Mendon, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mendon is 0.36%, which is lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Mendon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mendon 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 Mendon's effective property tax rate to other counties in Michigan and the national median. Understanding how these cities compare with Mendon provides valuable insights into the varying tax landscape across St. Joseph County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mendon Tax Rate
0.36%
Average St. Joseph County Tax Rate
0.41%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mendon, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49072 | 0.23% | 0.30% | 0.36% | 0.45% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Mendon, Michigan
In Mendon, 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. Joseph 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 Mendon, 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 Mendon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 49072 has both the highest and lowest median tax bill at $478, highlighting the need to understand these values to manage tax obligations effectively.
Average Mendon Assessed Value
$133,300
Average St. Joseph County Assessed Value
$142,400
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mendon, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49072 | $47,000 | $85,000 | $133,300 | $196,500 | $272,600 |
Source: Ownwell
Property Tax Bills Across Mendon, Michigan
In Mendon, located in St. Joseph County, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. Homeowners in Mendon can expect their property tax bills to reflect various factors such as local tax rates and the assessed value of their property. The median home price in Mendon stands at $133,300, and property tax bills can vary significantly. For instance, the 25th percentile of tax bills is around $285, while the 75th percentile reaches up to $732, and the 90th percentile can be as high as $1,054. Compared to the national median property tax rate of 0.99%, Mendon's tax rates offer a significant range, affecting homeowners differently based on their property's assessed value. These tax bills are crucial for funding local services such as schools, public safety, and infrastructure, directly impacting the quality of life in the community. Homeowners should be aware of these factors as they influence both their annual expenses and the overall value of their investment in Mendon.
Average Mendon Tax Bill
$478
Average St. Joseph County Tax Bill
$772
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Mendon, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49072 | $139 | $285 | $478 | $732 | $1,054 |
Source: Ownwell