Union Pier, Michigan Property Taxes
The median property tax rate in Union Pier, MI is 0.83%, which is lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Union Pier at $447,100, the typical annual property tax bill reaches $3,563, surpassing the national median of $2,690. Property taxes in Union Pier 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 Union Pier'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 Union Pier 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
Union Pier, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$3,711
$3,444
Ownwell’s Union Pier Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Union Pier with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Union Pier 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 Union Pier, Michigan
Property taxes in Union Pier, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Union Pier is 0.83%, which is lower than the U.S. national median of 0.99%. Local government entities within Union Pier set these rates annually, and they can vary significantly across different neighborhoods. Each year, Union Pier 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 Union Pier's effective property tax rate to other areas in Michigan and the national median. For comparison, the 49129 zip code has both the highest and lowest median property tax rate of 0.83%. Understanding how these cities compare with Union Pier 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 Union Pier Tax Rate
0.83%
Average Berrien County Tax Rate
0.85%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Union Pier, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49129 | 0.41% | 0.59% | 0.83% | 1.08% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Union Pier, Michigan
In Union Pier, 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 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 Union Pier, 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 Union Pier helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 49129 in Union Pier has both the highest and lowest median tax bill, which is $3,563.
Average Union Pier Assessed Value
$447,100
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 Union Pier, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49129 | $202,900 | $293,600 | $447,100 | $665,600 | $1,010,100 |
Source: Ownwell
Property Tax Bills Across Union Pier, Michigan
In Union Pier, located in Berrien County, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, with a median home price of $447,100, the assessed value is determined by local tax assessors who consider factors such as the property's size, location, and condition. The tax rate is then applied to this assessed value to calculate the annual tax bill. Homeowners in Union Pier can expect a wide range of tax bills. The 25th percentile tax bill is around $2,077, while the 75th percentile reaches $5,620, and the 90th percentile can go up to $8,410. Compared to the national median property tax rate of 0.99%, these figures highlight the variability in tax burdens within the area. The highest median tax bill recorded in the region is $3,563, all within the zip code 49129. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Union Pier Tax Bill
$3,563
Average Berrien County Tax Bill
$1,463
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Union Pier, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49129 | $1,372 | $2,077 | $3,563 | $5,620 | $8,410 |
Source: Ownwell