Bellevue, Michigan Property Taxes
The median property tax rate in Bellevue, MI is 1.03%, slightly higher than the national median of 0.99% but lower than the Michigan state median of 1.07%. With a median home value of $174,160 in Bellevue, the typical annual property tax bill amounts to $1,749, which is below the national median of $2,690. Property taxes in Bellevue are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Bellevue'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 Bellevue or another part of Barry County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bellevue, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$1,794
$1,665
Ownwell’s Bellevue Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bellevue with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bellevue 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 Bellevue, Michigan
Property taxes in Bellevue, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bellevue is 1.03%, higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Bellevue set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bellevue 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 Bellevue's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49021 zip code has the highest median property tax rate of 1.03%, while the same 49021 zip code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with Bellevue provides valuable insights into the varying tax landscape across Barry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bellevue Tax Rate
1.03%
Average Barry County Tax Rate
1.13%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bellevue, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49021 | 0.59% | 0.84% | 1.03% | 1.22% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Bellevue, Michigan
In Bellevue, 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 Barry 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 Bellevue, 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 Bellevue helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Bellevue is $1749.00 in zip code 49021, which is also the lowest median tax bill, offering a consistent tax experience for residents.
Average Bellevue Assessed Value
$174,160
Average Barry County Assessed Value
$180,200
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bellevue, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49021 | $78,660 | $120,790 | $174,160 | $254,830 | $365,360 |
Source: Ownwell
Property Tax Bills Across Bellevue, Michigan
In Bellevue, Barry County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Various factors influence this assessment, including the home's size, age, location, and any improvements made. Once the assessed value is established, the local tax rate is applied to calculate the property tax bill. For homeowners in Bellevue, the median home price is $174,160. Property tax bills can vary significantly, with the 25th percentile at $1,255 and the 75th percentile reaching $2,501. For those at the 90th percentile, the tax bill can be as high as $3,327. The median property tax rate in Bellevue aligns closely with the national median of 0.99%. This system ensures that property taxes are distributed proportionately based on the value of the property, impacting homeowners differently depending on their property's assessed value.
Average Bellevue Tax Bill
$1,749
Average Barry County Tax Bill
$1,949
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Bellevue, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49021 | $891 | $1,255 | $1,749 | $2,501 | $3,327 |
Source: Ownwell