Hickory Corners, Barry County, Michigan Property Taxes
Median Hickory Corners, MI effective property tax rate: 1.27%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Hickory Corners, MI home value: $216,200
Median annual Hickory Corners, MI tax bill: $2,590, $190 higher than the national median property tax bill of $2,400.
How are property taxes in Barry County calculated?
Property taxes in Hickory Corners, MI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Hickory Corners' property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hickory Corners, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hickory Corners, Barry County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.27%
Estimate Property Tax Bill
$2,746
$2,548
Property Tax Rates Across Hickory Corners, Barry County, Michigan
Local government entities set tax rates, which can vary widely within a state. This occurs because each county estimates its required budget to provide services annually and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Hickory Corners, located in Barry County, Michigan, the effective property tax rate is 1.27%. This rate is notably higher than the national median property tax rate of 1.02%. However, when comparing Hickory Corners to other cities in Michigan, the tax rate remains consistent as it is both the highest and lowest within the same zip code. The median property tax rate in Michigan reflects this figure, emphasizing the uniformity within this area.
By understanding these rates, homeowners can better navigate their financial responsibilities and potentially explore options for tax appeal and exemption services. With property taxes being a significant expense, it's crucial to stay informed and seek professional assistance when needed.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Hickory Corners Tax Rate
1.27%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Barry County Tax Rate
1.13%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hickory Corners, Barry County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49060 | 0.74% | 1.03% | 1.27% | 1.55% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Hickory Corners, Barry County, Michigan
When examining property taxes in Hickory Corners, MI, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Barry County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Barry County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Hickory Corners.
For example, the median home price in Hickory Corners is $216,200, with tax bills ranging significantly across the county. Zip code 49060 has the highest median home price at $216,200.
Property Tax Assessment Values Across Hickory Corners, Barry County, Michigan
Source: Ownwell
$128,200
$438,450
$748,700
Median Hickory Corners Market Value
$216,200
Median Barry County Market Value
$180,200
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hickory Corners, Barry County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49060 | $92,400 | $138,000 | $216,200 | $392,000 | $838,200 |
Source: Ownwell
Property Tax Bills Across Hickory Corners, Barry County, Michigan
In Hickory Corners, located in Barry County, MI, property tax bills are calculated based on the assessed value of a home. This value is determined by local assessors and is a percentage of the market value. Homeowners in this region face a median tax bill of $2,590, which is slightly above the national median of $2,400. Factors contributing to the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. The tax burden can significantly impact homeowners, especially those with properties in higher value brackets, as evidenced by the 90th percentile tax bill reaching $10,123.
Ownwell offers valuable services to help homeowners in Hickory Corners potentially reduce their property tax bills. By providing expert property tax appeal and exemption services, Ownwell assists homeowners in ensuring their properties are fairly assessed. This can lead to substantial savings, particularly for those who may be over-assessed. With Ownwell's support, homeowners can navigate the complexities of property taxes and potentially lower their financial obligations.
Median Hickory Corners Tax Bill
$2,590
Median Barry County Tax Bill
$1,949
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Hickory Corners, Barry County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49060 | $1,185 | $1,757 | $2,590 | $4,688 | $10,123 |
Source: Ownwell