Stevensville, Michigan Property Taxes
The median property tax rate in Stevensville, MI is 0.92%, which is lower than both the national median of 0.99% and Michigan's state median of 1.07%. With a median home value of $235,800 in Stevensville, the typical annual property tax bill amounts to $2,255, falling short of the national median of $2,690. Property taxes in Stevensville are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Stevensville'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 Stevensville or another part of Berrien County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stevensville, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$2,169
$2,013
Ownwell’s Stevensville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stevensville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stevensville 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 Stevensville, Michigan
Property taxes in Stevensville, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stevensville is 0.92%, which is below the U.S. national median of 0.99%. Local government entities within Stevensville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stevensville 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 Stevensville's effective property tax rate to other areas in Berrien County and the national median. For comparison, the 49127 zip code has the same median property tax rate of 0.92%. Understanding how these areas compare with Stevensville 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 Stevensville Tax Rate
0.92%
Average Berrien County Tax Rate
0.85%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stevensville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49127 | 0.71% | 0.79% | 0.92% | 1.08% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Stevensville, Michigan
In Stevensville, 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 Stevensville, 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 Stevensville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 49127, standing at $2,255, while the lowest is also 49127 with the same value.
Average Stevensville Assessed Value
$235,800
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 Stevensville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49127 | $68,560 | $178,200 | $235,800 | $339,000 | $489,840 |
Source: Ownwell
Property Tax Bills Across Stevensville, Michigan
In Stevensville, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the home's market value, and it forms the basis for the property tax calculation. The tax rate in Stevensville is applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $235,800, homeowners can expect varying tax bills depending on their property's specific assessment and any applicable exemptions. Factors such as property location, improvements, and market trends influence the assessed value. In Stevensville, the 25th percentile tax bill is around $1,633, while the 75th percentile tax bill reaches approximately $3,522. The 90th percentile tax bill can go up to $5,105. These figures highlight the range of property tax burdens homeowners might face, with the highest median tax bill recorded at $2,255 in the 49127 zip code. Compared to the national median property tax rate of 0.99%, Stevensville's property taxes can significantly impact household budgets, emphasizing the importance of accurate assessments and potential appeals.
Average Stevensville Tax Bill
$2,255
Average Berrien County Tax Bill
$1,463
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Stevensville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49127 | $1,082 | $1,633 | $2,255 | $3,522 | $5,105 |
Source: Ownwell