Eau Claire, Michigan Property Taxes
The median property tax rate in Eau Claire, MI is 0.46%, significantly lower than both the national median of 0.99% and Michigan's state median of 1.07%. With a median home value of $153,500 in Eau Claire, the typical annual property tax bill is $776, which is well below the national median of $2,690. Property taxes in Eau Claire are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Eau Claire'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 Eau Claire 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
Eau Claire, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$706
Ownwell’s EAU CLAIRE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in EAU CLAIRE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EAU CLAIRE 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 Eau Claire, Michigan
Property taxes in Eau Claire, Michigan, are essential in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Eau Claire is 0.46%, which is lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Eau Claire set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eau Claire 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 Eau Claire's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49111 zip code has the highest median property tax rate of 0.46%, while the same 49111 zip code also has the lowest median tax rate of 0.46%. Understanding how these areas compare with Eau Claire provides valuable insights into the varying tax landscape across Berrien County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eau Claire Tax Rate
0.46%
Average Berrien County Tax Rate
0.85%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eau Claire, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49111 | 0.31% | 0.39% | 0.46% | 0.54% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Eau Claire, Michigan
In EAU CLAIRE, 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 Berrien 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 EAU CLAIRE, 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 EAU CLAIRE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 49111 has both the highest and lowest median tax bill at $776.
Average Eau Claire Assessed Value
$153,500
Average Berrien County Assessed Value
$183,200
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eau Claire, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49111 | $63,980 | $103,550 | $153,500 | $219,450 | $303,840 |
Source: Ownwell
Property Tax Bills Across Eau Claire, Michigan
Property tax bills in Eau Claire, Berrien County, MI, are determined by evaluating the assessed value of a property, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. For homeowners in Eau Claire, the median home price is $153,500. With the national median property tax rate at 0.99%, homeowners in this area may find their tax bills vary significantly. For instance, tax bills in the 25th percentile are around $506, reflecting properties with lower assessed values. On the higher end, the 75th percentile sees tax bills of approximately $1,177, while the 90th percentile can reach up to $1,721. This variation is influenced by factors such as property location, improvements, and market conditions. In Eau Claire, the highest median tax bill recorded is $776 in the 49111 zip code, which also marks the lowest median tax bill, indicating uniformity in this specific area. These tax obligations impact homeowners' annual budgets and can influence decisions about property investments and homeownership in the region.
Average Eau Claire Tax Bill
$776
Average Berrien County Tax Bill
$1,463
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Eau Claire, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49111 | $261 | $506 | $776 | $1,177 | $1,721 |
Source: Ownwell