Bentley, Michigan Property Taxes
The median property tax rate in Bentley, MI is 1.29%, considerably higher than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Bentley at $279,200, the typical annual property tax bill reaches $3,502, exceeding the national median of $2,690. Property taxes in Bentley 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 Bentley'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 Bentley 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
Bentley, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$3,602
Ownwell’s Bentley Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bentley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bentley 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 Bentley, Michigan
Property taxes in Bentley, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bentley is 1.29%, notably higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Bentley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bentley 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 Bentley's effective property tax rate to other regions in Michigan and the national median. For comparison, the zip code 48613 has both the highest and lowest median property tax rate of 1.29%. Understanding how these areas compare with Bentley provides valuable insights into the varying tax landscape across Arenac County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bentley Tax Rate
1.29%
Average Arenac County Tax Rate
1.29%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bentley, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48613 | 1.26% | 1.27% | 1.29% | 1.30% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Bentley, Michigan
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Bentley, Michigan. The market value represents 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 Arenac 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 Bentley, 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 Bentley is $279,200, with tax bills ranging from $2,664 at the 25th percentile to $4,103 at the 90th percentile. The highest and lowest median tax bills are both $3,502 in zip code 48613. By understanding these valuation concepts, property owners can better navigate their tax responsibilities, identify opportunities for protesting assessments, or apply for exemptions to effectively manage the tax burden.
Average Bentley Assessed Value
$279,200
Average Arenac County Assessed Value
$100,000
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bentley, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48613 | $167,680 | $209,500 | $279,200 | $305,000 | $320,480 |
Source: Ownwell
Property Tax Bills Across Bentley, Michigan
In Bentley, located in Arenac County, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. Homeowners in Bentley can expect their property tax bill to be influenced by the local tax rate and the assessed value of their property. The median home price in Bentley is $279,200, and the property tax rate in the area contributes to a median tax bill of $3,502. Factors such as the property's location within specific school districts or municipal boundaries can also impact the total tax bill. For instance, the 25th percentile of tax bills in Bentley is $2,664, while the 75th percentile reaches $3,878, and the 90th percentile is $4,103. These variations highlight how different factors, including property value assessments and local tax rates, play a crucial role in determining the final tax amount. Homeowners in Bentley should be aware of these factors as they directly affect their annual financial obligations.
Average Bentley Tax Bill
$3,502
Average Arenac County Tax Bill
$1,273
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Bentley, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48613 | $2,161 | $2,664 | $3,502 | $3,878 | $4,103 |
Source: Ownwell