Hudsonville, Michigan Property Taxes
The median property tax rate in Hudsonville, MI is 1.04%, slightly higher than the national median of 0.99% but lower than the Michigan state median of 1.07%. With a median home value of $346,300 in Hudsonville, the typical annual property tax bill amounts to $4,042, surpassing the national median of $2,690. Property taxes in Hudsonville 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 Hudsonville'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 Hudsonville 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
Hudsonville, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$3,602
$3,342
Ownwell’s Hudsonville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hudsonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hudsonville 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 Hudsonville, Michigan
Property taxes in Hudsonville, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hudsonville is 1.04%, higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Hudsonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hudsonville 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 Hudsonville's effective property tax rate to other cities in Michigan and the national median. For comparison, the zip code 49426 has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with Hudsonville provides valuable insights into the varying tax landscape across Allegan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hudsonville Tax Rate
1.04%
Average Allegan County Tax Rate
1.09%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hudsonville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49426 | 0.76% | 0.91% | 1.04% | 1.27% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Hudsonville, Michigan
In Hudsonville, 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 Allegan 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 Hudsonville, 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. For instance, Hudsonville's median home price stands at $346,300, with tax bills ranging from $3,105 at the 25th percentile to $6,813 at the 90th percentile. The zip code 49426 has the highest and lowest median tax bill at $4,042. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hudsonville Assessed Value
$346,300
Average Allegan County Assessed Value
$229,000
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hudsonville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49426 | $261,200 | $308,050 | $346,300 | $530,700 | $596,080 |
Source: Ownwell
Property Tax Bills Across Hudsonville, Michigan
In Hudsonville, located in Allegan County, MI, property tax bills are calculated based on the assessed value of your home, which is determined by the local tax assessor. This assessed value is typically a percentage of the market value of your property. Various factors influence this valuation, including the size of the property, its location, and any improvements made to the home. Once the assessed value is established, the local tax rate is applied to determine the actual tax bill. In Hudsonville, homeowners experience a range of property tax bills. For instance, the tax bill at the 25th percentile is around $3,105, while at the 75th percentile, it reaches approximately $5,220. The 90th percentile tax bill can go up to $6,813. These figures are relatively comparable to the national median property tax rate of 0.99%. For homeowners, understanding these factors is crucial as property taxes significantly impact annual financial planning and long-term investment in their homes.
Average Hudsonville Tax Bill
$4,042
Average Allegan County Tax Bill
$2,370
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Hudsonville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49426 | $2,763 | $3,105 | $4,042 | $5,220 | $6,813 |
Source: Ownwell