Nottawa, Michigan Property Taxes
The median property tax rate in Nottawa, MI is 0.37%, considerably lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Nottawa, the typical annual property tax bill reaches $497, significantly below the national median of $2,690. Property taxes in Nottawa 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 Nottawa'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 Nottawa 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
Nottawa, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.37%
Estimate Property Tax Bill
$448
Ownwell’s Nottawa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nottawa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nottawa 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 Nottawa, Michigan
Property taxes in Nottawa, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nottawa is 0.37%, significantly lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Nottawa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nottawa 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 Nottawa's effective property tax rate to other counties in Michigan and the national median. For comparison, the highest median property tax rate in the region is found in the zip code with the highest tax rate, while the lowest median tax rate is in the zip code with the lowest tax rate. Understanding how these cities compare with Nottawa 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 Nottawa Tax Rate
0.37%
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 Nottawa, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49075 | 0.35% | 0.35% | 0.37% | 0.41% | 0.42% |
Source: Ownwell
Property Tax Assessment Values Across Nottawa, Michigan
In Nottawa, 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 Nottawa, 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 Nottawa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $497.00 in the 49075 zip code, which is also the lowest median tax bill, highlighting the uniformity in tax assessments within the region.
Average Nottawa Assessed Value
$121,200
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 Nottawa, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49075 | $66,920 | $71,000 | $121,200 | $141,800 | $143,480 |
Source: Ownwell
Property Tax Bills Across Nottawa, Michigan
In Nottawa, located in St. Joseph County, MI, property tax bills are determined based on the assessed value of a home, which is typically a percentage of its market value. For instance, with a median home price of $121,200, the assessed value plays a crucial role in calculating the tax bill. Factors such as local tax rates and any applicable exemptions also influence the final amount. The tax rate in Nottawa is relatively modest compared to the national median property tax rate of 0.99%. Homeowners in Nottawa can expect their property tax bills to vary. For instance, tax bills at the 25th percentile are around $263, while those at the 75th percentile reach $512. At the 90th percentile, the tax bill is approximately $524. This range illustrates how different property values and exemptions can impact the overall tax burden. Understanding these factors is essential for homeowners to anticipate their annual property tax obligations accurately.
Average Nottawa Tax Bill
$497
Average St. Joseph County Tax Bill
$772
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Nottawa, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49075 | $251 | $263 | $497 | $512 | $524 |
Source: Ownwell