Buchanan, Berrien County, Michigan Property Taxes
Median Buchanan, MI effective property tax rate: 0.87%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Buchanan, MI home value: $156,800
Median annual Buchanan, MI tax bill: $1,441, $959 lower than the national median property tax bill of $2,400.
How are property taxes in Berrien calculated?
Property taxes in Buchanan, 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 Buchanan’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Buchanan, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Buchanan, Berrien County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.87%
Estimate Property Tax Bill
$1,364
$1,266
Property Tax Rates Across Buchanan, Berrien County, Michigan
Local government entities determine tax rates, leading to significant variation across Michigan. Each year, counties like Berrien estimate the budget needed to maintain essential services. They then divide this budget by the total value of all taxable properties within the county, resulting in the property tax rate. Although votes and legislation play roles in setting these rates and budgets, this is the core of the annual process.
In Buchanan, located in Berrien County, the effective property tax rate is 0.87%. This rate aligns with the highest and lowest median tax rates in the area, both recorded at 0.87% in the 49107 zip code. When comparing Buchanan's rate to the national median property tax rate of 1.02%, it becomes evident that Buchanan residents benefit from a relatively lower tax rate. Furthermore, the national median property tax bill stands at $2,400, providing a useful benchmark for understanding local tax obligations. By understanding these nuances, property owners in Buchanan can make informed decisions regarding their property tax appeals and exemptions.
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 Buchanan Tax Rate
0.87%
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 Berrien County Tax Rate
0.85%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Buchanan, Berrien County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49107 | 0.41% | 0.54% | 0.87% | 1.43% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Buchanan, Berrien County, Michigan
When examining property taxes in Buchanan, 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 Berrien 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 Berrien County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Buchanan. For example, the median home price in Buchanan is $156,800, with tax bills ranging significantly across the county. Zip code 49107 has the highest median home price at $156,800.
Property Tax Assessment Values Across Buchanan, Berrien County, Michigan
Source: Ownwell
$90,000
$328,600
$567,200
Median Buchanan Market Value
$156,800
Median Berrien County Market Value
$183,200
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Buchanan, Berrien County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49107 | $64,000 | $104,400 | $156,800 | $242,600 | $384,200 |
Source: Ownwell
Property Tax Bills Across Buchanan, Berrien County, Michigan
In Buchanan, located in Berrien County, Michigan, property tax bills are determined by assessing the market value of a home and applying the local tax rate. With a median home price of $156,800, homeowners can expect their tax bills to vary significantly. The 25th percentile tax bill is around $933, while the 75th percentile reaches $2,181. At the 90th percentile, tax bills can soar to $3,318, indicating a wide range of potential costs for homeowners. The median tax bill in Buchanan is $1,441, which is below the national median of $2,400. This suggests that, although the tax rate may be lower than the national average of 1.02%, homeowners still face considerable tax obligations.
Ownwell assists homeowners in Buchanan by offering property tax appeal and exemption services. By analyzing local market trends and leveraging expert knowledge, Ownwell helps ensure that homeowners are not overpaying on their property taxes. This can lead to significant savings and financial relief, making homeownership more affordable in Buchanan.
Median Buchanan Tax Bill
$1,441
Median Berrien County Tax Bill
$1,463
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Buchanan, Berrien County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49107 | $602 | $933 | $1,441 | $2,181 | $3,318 |
Source: Ownwell