Kawkawlin, Michigan Property Taxes
The median property tax rate in Kawkawlin, MI is 0.83%, which is notably lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $151,000 in Kawkawlin, the typical annual property tax bill amounts to $1,259, falling well below the national median of $2,690. Property taxes in Kawkawlin are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Kawkawlin'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 Kawkawlin or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kawkawlin, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$1,253
Ownwell’s Kawkawlin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kawkawlin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kawkawlin 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 Kawkawlin, Michigan
Property taxes in Kawkawlin, Michigan, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kawkawlin is 0.83%, which is below the U.S. national median of 0.99%. Local government entities within Kawkawlin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kawkawlin 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 Kawkawlin's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48631 zip code has the highest median property tax rate of 0.83%, while the same 48631 zip code also has the lowest median tax rate of 0.83%. Understanding how these cities compare with Kawkawlin provides valuable insights into the varying tax landscape across Bay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kawkawlin Tax Rate
0.83%
Average Bay County Tax Rate
1.00%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kawkawlin, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48631 | 0.62% | 0.74% | 0.83% | 0.94% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Kawkawlin, Michigan
In Kawkawlin, 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 Bay 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 Kawkawlin, 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 Kawkawlin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 48631 has both the highest and lowest median tax bill at $1,259, reflecting the uniformity in tax assessments within this region.
Average Kawkawlin Assessed Value
$151,000
Average Bay County Assessed Value
$117,300
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kawkawlin, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48631 | $60,760 | $103,600 | $151,000 | $215,200 | $305,240 |
Source: Ownwell
Property Tax Bills Across Kawkawlin, Michigan
In Kawkawlin, located in Bay County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Kawkawlin is $151,000. To determine the tax bill, the assessed value is multiplied by the local tax rate. Homeowners in Kawkawlin can expect a variety of tax bills, with the 25th percentile at $868, the 75th percentile at $1828, and the 90th percentile reaching up to $2565. Several factors influence the tax bill, including the home's market value, any applicable exemptions, and the specific tax rate set by local authorities. A higher assessed value or fewer exemptions can lead to a higher tax bill. For context, the national median property tax rate is 0.99%, which helps to understand how Kawkawlin's rates compare on a broader scale. These property taxes fund essential services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners in the area.
Average Kawkawlin Tax Bill
$1,259
Average Bay County Tax Bill
$1,271
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Kawkawlin, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48631 | $506 | $868 | $1,259 | $1,828 | $2,565 |
Source: Ownwell