South Haven, Michigan Property Taxes
The median property tax rate in South Haven, MI is 0.99%, aligning with the national median of 0.99% but slightly lower than the Michigan state median of 1.07%. With the median home value in South Haven at $290,800, the typical annual property tax bill reaches $3,064, surpassing the national median of $2,690. Property taxes in South Haven 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 South Haven'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 South Haven 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
South Haven, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$2,879
$2,672
Ownwell’s South Haven Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Haven with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Haven 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 South Haven, Michigan
Property taxes in South Haven, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Haven is 0.99%, aligning with both the Michigan state median and the U.S. national median of 0.99%. Local government entities within South Haven set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Haven 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 South Haven's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49090 zip code has both the highest and lowest median property tax rate of 0.99%. Understanding how these cities compare with South Haven 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 South Haven Tax Rate
0.99%
Average Allegan County Tax Rate
1.09%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Haven, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49090 | 0.24% | 0.57% | 0.99% | 1.58% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across South Haven, Michigan
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in South Haven, Michigan. 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. 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. In South Haven, the median home price is $290,800, with the highest and lowest median tax bills being $3,064 in the 49090 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average South Haven Assessed Value
$290,800
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 South Haven, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49090 | $75,280 | $155,000 | $290,800 | $576,400 | $996,760 |
Source: Ownwell
Property Tax Bills Across South Haven, Michigan
In South Haven, located in Allegan County, MI, property tax bills are calculated based on the assessed value of a home. This assessed value is typically a percentage of the property's market value. The local tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors influence the assessed value, including the property's location, size, and condition, as well as the market trends in the area. Homeowners in South Haven face a range of property tax bills. For example, the 25th percentile tax bill is $914, while the 75th percentile reaches $6,130. At the 90th percentile, homeowners might pay up to $8,546. Compared to the national median property tax rate of 0.99%, the tax rates in South Haven can vary widely, reflecting the diverse property values and local tax policies. These taxes contribute to essential community services, but they also represent a significant annual expense for homeowners, influencing decisions about property investment and homeownership.
Average South Haven Tax Bill
$3,064
Average Allegan County Tax Bill
$2,370
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across South Haven, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49090 | $309 | $914 | $3,064 | $6,130 | $8,546 |
Source: Ownwell