Saugatuck, Michigan Property Taxes
The median property tax rate in Saugatuck, MI is 1.10%, slightly higher than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Saugatuck at $427,400, the typical annual property tax bill reaches $4,327, significantly exceeding the national median of $2,690. Property taxes in Saugatuck are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Saugatuck'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 Saugatuck 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
Saugatuck, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$4,701
$4,363
Ownwell’s Saugatuck Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saugatuck with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saugatuck 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 Saugatuck, Michigan
Property taxes in Saugatuck, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saugatuck is 1.10%, higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Saugatuck set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saugatuck 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 Saugatuck's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49453 zip code has the highest median property tax rate of 1.10%, while the same zip code also has the lowest median tax rate of 1.10%. Understanding how these cities compare with Saugatuck 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 Saugatuck Tax Rate
1.10%
Average Allegan County Tax Rate
1.09%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saugatuck, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49453 | 0.78% | 0.87% | 1.10% | 1.44% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Saugatuck, Michigan
In Saugatuck, 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 Saugatuck, 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 Saugatuck helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the highest median tax bill in Saugatuck is $4,327 in the zip code 49453, while the lowest median tax bill is also $4,327 in the same zip code.
Average Saugatuck Assessed Value
$427,400
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 Saugatuck, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49453 | $123,300 | $284,050 | $427,400 | $604,550 | $951,600 |
Source: Ownwell
Property Tax Bills Across Saugatuck, Michigan
In Saugatuck, located in Allegan County, MI, property tax bills are calculated based on the assessed value of the property. The assessed value is typically a percentage of the market value, which is determined by the local assessor's office. Factors such as property size, location, and condition play a significant role in determining this value. Homeowners in Saugatuck experience a wide range of tax bills, with the 25th percentile at $2,725 and the 75th percentile reaching $6,840. For those at the 90th percentile, tax bills can be as high as $10,806. The median home price in the area is $427,400, which influences the tax amount. With the national median property tax rate at 0.99%, Saugatuck's property taxes can be substantial, affecting homeowners' annual expenses significantly. The highest and lowest median tax bills in the city are both recorded at $4,327, showing some consistency across different properties. Understanding these factors can help homeowners anticipate their tax obligations better.
Average Saugatuck Tax Bill
$4,327
Average Allegan County Tax Bill
$2,370
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Saugatuck, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49453 | $2,004 | $2,725 | $4,327 | $6,840 | $10,806 |
Source: Ownwell