Middleville, Michigan Property Taxes
The median property tax rate in Middleville, MI is 1.04%, slightly higher than the national median of 0.99% but lower than the Michigan state median of 1.07%. With the median home value in Middleville at $409,700, the typical annual property tax bill reaches $3,452, surpassing the national median of $2,690. Property taxes in Middleville 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 Middleville'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 Middleville 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
Middleville, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$4,261
$3,954
Ownwell’s Middleville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Middleville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Middleville 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 Middleville, Michigan
Property taxes in Middleville, Michigan, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Middleville stands at 1.04%, which is higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Middleville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Middleville 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 Middleville's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49333 zip code has the highest median property tax rate of 1.04%, while the same 49333 zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with Middleville 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 Middleville 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 Middleville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49333 | 0.86% | 0.90% | 1.04% | 1.28% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Middleville, Michigan
In Middleville, 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 Middleville, 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. For instance, the median home price in Middleville is $409,700, with tax bills ranging from $2,642 at the 25th percentile to $6,503 at the 90th percentile. The zip code with the highest median tax bill is 49333, at $3,452. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Middleville Assessed Value
$409,700
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 Middleville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49333 | $202,700 | $260,900 | $409,700 | $450,100 | $468,800 |
Source: Ownwell
Property Tax Bills Across Middleville, Michigan
In Middleville, located in Allegan County, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. Homeowners in Middleville experience a range of tax bills, with the 25th percentile paying around $2,642 and the 75th percentile paying up to $5,143. For those in the 90th percentile, tax bills can reach as high as $6,503. The median home price in Middleville is $409,700, and the property tax rate is applied to this assessed value to determine the final tax bill. This rate is compared to the national median property tax rate of 0.99%, offering a benchmark for homeowners to understand their relative tax burden. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. These property taxes fund essential community services such as schools, infrastructure, and public safety, directly affecting the quality of life for residents.
Average Middleville Tax Bill
$3,452
Average Allegan County Tax Bill
$2,370
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Middleville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49333 | $2,377 | $2,642 | $3,452 | $5,143 | $6,503 |
Source: Ownwell