Sodus, Michigan Property Taxes
The median property tax rate in Sodus, MI is 0.40%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Sodus at $146,600, the typical annual property tax bill is $614, which is well below the national median of $2,690. Property taxes in Sodus are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Sodus'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 Sodus 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
Sodus, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$586
$544
Ownwell’s Sodus Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sodus with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sodus 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 Sodus, Michigan
Property taxes in Sodus, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sodus is 0.40%, which is lower than the U.S. national median of 0.99%. Local government entities within Sodus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sodus 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 Sodus's effective property tax rate to other areas in Berrien County and the national median. For comparison, the 49126 zip code has both the highest and lowest median property tax rate of 0.40%. Understanding how these areas compare with Sodus 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 Sodus Tax Rate
0.40%
Average Berrien County Tax Rate
0.85%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sodus, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49126 | 0.32% | 0.37% | 0.40% | 0.44% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Sodus, Michigan
In Sodus, 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 Sodus, 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 Sodus is $146,600, with the 25th percentile tax bill at $423 and the 75th percentile tax bill at $787. 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 Sodus helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sodus Assessed Value
$146,600
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 Sodus, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49126 | $70,500 | $106,200 | $146,600 | $194,700 | $264,900 |
Source: Ownwell
Property Tax Bills Across Sodus, Michigan
Property tax bills in Sodus, located in Berrien County, MI, are calculated based on the assessed value of a property, which is typically a percentage of the market value. In Sodus, the median home price is $146,600. The tax rate applied to this assessed value determines the final tax bill. For instance, homeowners in the 25th percentile pay around $423, while those in the 75th percentile see bills closer to $787. The highest median tax bill in the area reaches $614, indicating a relatively moderate property tax environment compared to the national median property tax rate of 0.99%. Several factors influence the tax bill, including property size, location, and any applicable exemptions. These taxes fund essential services like schools, public safety, and infrastructure, directly impacting the community. Homeowners must stay informed about their property’s assessed value and any changes in tax rates to manage their financial planning effectively.
Average Sodus Tax Bill
$614
Average Berrien County Tax Bill
$1,463
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Sodus, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49126 | $239 | $423 | $614 | $787 | $1,145 |
Source: Ownwell