Macatawa, Michigan Property Taxes
The median property tax rate in Macatawa, MI is 1.56%, considerably higher than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $667,600 in Macatawa, the typical annual property tax bill reaches $10,097, far exceeding the national median of $2,690. Property taxes in Macatawa are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Macatawa'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 Macatawa 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
Macatawa, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.56%
Estimate Property Tax Bill
$10,415
$9,664
Ownwell’s Macatawa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Macatawa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Macatawa 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 Macatawa, Michigan
Property taxes in Macatawa, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Macatawa is 1.56%, significantly higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Macatawa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Macatawa 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 Macatawa's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49434 zip code has the highest median property tax rate of 1.56%, while the same zip code also has the lowest median tax rate of 1.56%. Understanding how these cities compare with Macatawa 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 Macatawa Tax Rate
1.56%
Average Allegan County Tax Rate
1.09%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Macatawa, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49434 | 0.82% | 1.24% | 1.56% | 2.12% | 2.37% |
Source: Ownwell
Property Tax Assessment Values Across Macatawa, Michigan
In Macatawa, 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 Macatawa, 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 Macatawa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 49434 has both the highest and lowest median tax bills, which are $10,097.
Average Macatawa Assessed Value
$667,600
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 Macatawa, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49434 | $335,060 | $447,000 | $667,600 | $896,450 | $1,164,720 |
Source: Ownwell
Property Tax Bills Across Macatawa, Michigan
In Macatawa, MI, property tax bills are primarily determined by the assessed value of a home, which is a percentage of its market value. For instance, with a median home price of $667,600, the assessed value plays a crucial role in calculating the tax bill. The local tax rate is applied to this assessed value to determine the final amount owed. Several factors influence this calculation, including the home's location within Allegan County and any applicable exemptions or deductions. Homeowners in Macatawa can expect a wide range of tax bills, with the 25th percentile at $6,642 and the 75th percentile at $15,104. The 90th percentile tax bill reaches up to $20,667, indicating significant variability based on property value and other considerations. Compared to the national median property tax rate of 0.99%, Macatawa's tax bills reflect the area's unique market conditions. These property taxes can impact homeowners by influencing their overall housing costs and potentially affecting their long-term financial planning.
Average Macatawa Tax Bill
$10,097
Average Allegan County Tax Bill
$2,370
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Macatawa, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49434 | $4,128 | $6,642 | $10,097 | $15,104 | $20,667 |
Source: Ownwell