Bellaire, Michigan Property Taxes
The median property tax rate in Bellaire, MI is 0.90%, which is lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Bellaire at $234,800, the typical annual property tax bill is $1,970, falling below the national median of $2,690. Property taxes in Bellaire are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Bellaire'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 Bellaire 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
Bellaire, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$2,113
Ownwell’s Bellaire Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bellaire with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bellaire 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 Bellaire, Michigan
Property taxes in Bellaire, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bellaire is 0.90%, slightly below the U.S. national median of 0.99%. Local government entities within Bellaire set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bellaire 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 Bellaire's effective property tax rate to other regions and the national median. For comparison, the 49615 zip code has both the highest and lowest median property tax rate of 0.90%. Understanding how these areas compare with Bellaire provides valuable insights into the varying tax landscape across Antrim County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bellaire Tax Rate
0.90%
Average Antrim County Tax Rate
0.72%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bellaire, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49615 | 0.46% | 0.57% | 0.90% | 1.23% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Bellaire, Michigan
In Bellaire, 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 Antrim 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. Being aware of these valuation processes in Bellaire helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Bellaire are both $1970, found in the 49615 zip code.
Average Bellaire Assessed Value
$234,800
Average Antrim County Assessed Value
$211,000
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bellaire, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49615 | $72,400 | $141,800 | $234,800 | $404,500 | $703,680 |
Source: Ownwell
Property Tax Bills Across Bellaire, Michigan
In Bellaire, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate, also known as the millage rate, is then applied to this assessed value to determine the annual tax bill. Factors such as the location of the property, the quality of local services, and the overall economic conditions in Antrim County can influence this rate. Homeowners in Bellaire experience a range of property tax bills. For instance, the 25th percentile tax bill is around $1,112, while the 75th percentile tax bill reaches up to $3,550. At the higher end, the 90th percentile tax bill can be as much as $6,489. These figures show a significant variation, reflecting the diversity in property values and the corresponding tax obligations in the area. Compared to the national median property tax rate of 0.99%, Bellaire’s tax landscape offers a varied experience for homeowners, impacting their financial planning and property investment decisions.
Average Bellaire Tax Bill
$1,970
Average Antrim County Tax Bill
$1,488
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Bellaire, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49615 | $630 | $1,112 | $1,970 | $3,550 | $6,489 |
Source: Ownwell