East Jordan, Michigan Property Taxes
The median property tax rate in East Jordan, MI is 0.36%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $146,600 in East Jordan, the typical annual property tax bill amounts to $565, which is well below the national median of $2,690. Property taxes in East Jordan are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding East Jordan'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 East Jordan 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
East Jordan, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.36%
Estimate Property Tax Bill
$528
Ownwell’s EAST JORDAN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in EAST JORDAN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EAST JORDAN 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 East Jordan, Michigan
Property taxes in East Jordan, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Jordan is 0.36%, significantly lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within East Jordan set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Jordan 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. Understanding how East Jordan's effective property tax rate compares to other counties in Michigan and the national median 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 East Jordan Tax Rate
0.36%
Average Antrim County Tax Rate
0.72%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Jordan, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49727 | 0.26% | 0.31% | 0.36% | 0.51% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across East Jordan, Michigan
In East Jordan, 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. In East Jordan, 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 East Jordan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 49727, with a median tax bill of $565.00, while the zip code with the lowest median tax bill is also 49727, with a median tax bill of $565.00.
Average East Jordan Assessed Value
$146,600
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 East Jordan, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49727 | $43,360 | $80,650 | $146,600 | $227,200 | $318,280 |
Source: Ownwell
Property Tax Bills Across East Jordan, Michigan
In East Jordan, located in Antrim County, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, with a median home price of $146,600, the assessed value forms the basis for determining the tax bill. The actual tax bill can vary significantly, with homeowners in the 25th percentile paying around $318, while those in the 75th percentile face bills closer to $967. At the 90th percentile, the tax bill can reach up to $1,613. Several factors influence the final tax bill, including local tax rates and any applicable exemptions. These factors collectively determine the financial impact on homeowners. For example, the highest median tax bill in the area stands at $565, highlighting the variability within the region. Compared to the national median property tax rate of 0.99%, East Jordan's rates can either be a relief or a burden, depending on the specific circumstances of each homeowner.
Average East Jordan Tax Bill
$565
Average Antrim County Tax Bill
$1,488
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across East Jordan, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49727 | $173 | $318 | $565 | $967 | $1,613 |
Source: Ownwell