Delton, Michigan Property Taxes
The median property tax rate in Delton, MI is 0.95%, slightly below both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $162,800 in Delton, the typical annual property tax bill is $1,531, which is significantly lower than the national median of $2,690. Property taxes in Delton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Delton'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 Delton 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
Delton, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$1,547
$1,435
Ownwell’s Delton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Delton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Delton 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 Delton, Michigan
Property taxes in Delton, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Delton is 0.95%, slightly lower than the U.S. national median of 0.99%. Local government entities within Delton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Delton 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 Delton's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49046 zip code has both the highest and lowest median property tax rate of 0.95%. Understanding how these cities compare with Delton 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 Delton Tax Rate
0.95%
Average Barry County Tax Rate
1.13%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Delton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49046 | 0.42% | 0.72% | 0.95% | 1.34% | 1.90% |
Source: Ownwell
Property Tax Assessment Values Across Delton, Michigan
In Delton, 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 Delton, 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 example, the median home price in Delton is $162,800, with tax bills ranging from $953 at the 25th percentile to $3,685 at the 90th percentile. The highest and lowest median tax bill in Delton is $1,531, both found in zip code 49046. 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 Delton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Delton Assessed Value
$162,800
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 Delton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49046 | $61,480 | $105,400 | $162,800 | $245,800 | $360,320 |
Source: Ownwell
Property Tax Bills Across Delton, Michigan
In Delton, Barry County, MI, property tax bills are determined by assessing the market value of a home and applying the relevant tax rate. The median home price in Delton is $162,800, and the property tax rate is a significant factor in calculating the bill. Homeowners in Delton can expect their annual property tax bills to vary widely. For instance, the tax bill at the 25th percentile is $953, while at the 75th percentile, it rises to $2,461. The 90th percentile sees a tax bill of $3,685. The highest and lowest median tax bills in the area both stand at $1,531, indicating a consistent tax rate across different properties. These figures are influenced by various factors, including the assessed value of the property, local tax levies, and any applicable exemptions. Understanding these elements is crucial for homeowners as property taxes directly impact their annual financial planning and the overall cost of homeownership. Compared to the national median property tax rate of 0.99%, Delton's rates reflect the local economic conditions and funding needs.
Average Delton Tax Bill
$1,531
Average Barry County Tax Bill
$1,949
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Delton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49046 | $546 | $953 | $1,531 | $2,461 | $3,685 |
Source: Ownwell