Rhodes, Michigan Property Taxes
The median property tax rate in Rhodes, MI is 0.38%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Rhodes at $161,400, the typical annual property tax bill amounts to $579, well below the national median of $2,690. Property taxes in Rhodes are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Rhodes's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Rhodes 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
Rhodes, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.38%
Estimate Property Tax Bill
$613
$569
Ownwell’s Rhodes Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rhodes with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rhodes 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 Rhodes, Michigan
Property taxes in Rhodes, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rhodes is 1.78%, significantly higher than both the Michigan state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Rhodes set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rhodes 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 Rhodes' effective property tax rate to other counties in Michigan and the national median. For comparison, the 48652 zip code has the highest median property tax rate of 1.78%, while the 48611 zip code has the lowest median tax rate of 1.54%. Understanding how these cities compare with Rhodes 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 Rhodes Tax Rate
0.38%
Average Bay County Tax Rate
1.00%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rhodes, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48652 | 0.22% | 0.31% | 0.38% | 0.46% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Rhodes, Michigan
In Rhodes, 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 Rhodes, 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. The median home price in Rhodes is $161,400, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $385, while the 75th percentile tax bill is $868. The highest and lowest median tax bills are both $579, specifically in the zip code 48652. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rhodes Assessed Value
$161,400
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 Rhodes, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48652 | $54,760 | $108,500 | $161,400 | $230,700 | $290,320 |
Source: Ownwell
Property Tax Bills Across Rhodes, Michigan
In Rhodes, Bay County, MI, property tax bills are calculated based on the assessed value of a home, which is typically determined by the local assessor. This assessed value is often a percentage of the market value of the property. For example, if the median home price in Rhodes is $161,400, the assessed value would be a fraction of this amount, subject to local assessment rules. The tax rate, or millage rate, is then applied to the assessed value to calculate the annual property tax bill. Several factors influence this rate, including local government budgets, school funding requirements, and public service needs. In Bay County, the 25th percentile tax bill is approximately $385, while the 75th percentile reaches $868, and the 90th percentile climbs to $1,189. These property taxes significantly impact homeowners by contributing to essential community services such as schools, roads, and emergency services. Compared to the national median property tax rate of 0.99%, Rhodes homeowners experience a varied range of tax bills, reflecting the community's specific financial needs and property values.
Average Rhodes Tax Bill
$579
Average Bay County Tax Bill
$1,271
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Rhodes, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48652 | $207 | $385 | $579 | $868 | $1,189 |
Source: Ownwell