Branch County, Michigan Property Taxes
The median property tax rate in Branch County is 0.40%, which is significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $130,544, the typical annual property tax bill in Branch County is approximately $638, far below the national median of $2,690. Property taxes in Branch County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Branch County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Coldwater or another part of Branch County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Branch County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$522
$485
Ownwell’s Branch County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Branch County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Branch County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Branch County, Michigan
Property taxes in Branch County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Branch County is 0.40%, which is lower than both the Michigan state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Branch County set these rates annually, and they can vary significantly between different areas within the county. Each year, Branch County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Branch County's effective property tax rate with other counties in Michigan and the national median. For comparison, the city of Coldwater has one of the higher property tax rates in Michigan at 0.43%, while the city of Reading boasts one of the lowest at 0.42%. Analyzing how Branch County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Branch County Tax Rate
0.40%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Branch County, Michigan
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allen | N/A | N/A | N/A | N/A | N/A |
| Athens | 0.28% | 0.32% | 0.37% | 0.41% | 0.50% |
| Bronson | 0.24% | 0.32% | 0.39% | 0.71% | 0.92% |
| Burr Oak | 0.29% | 0.33% | 0.39% | 0.46% | 0.48% |
| Coldwater | 0.27% | 0.34% | 0.43% | 0.87% | 1.27% |
| Colon | 0.27% | 0.33% | 0.39% | 0.47% | 0.51% |
| Homer | 0.16% | 0.23% | 0.29% | 0.31% | 0.35% |
| Litchfield | 0.15% | 0.25% | 0.29% | 0.34% | 0.36% |
| Montgomery | 0.24% | 0.29% | 0.37% | 0.45% | 0.50% |
| Quincy | 0.23% | 0.29% | 0.36% | 0.48% | 0.78% |
| Reading | 0.30% | 0.37% | 0.42% | 0.46% | 0.50% |
| Sherwood | 0.22% | 0.27% | 0.34% | 0.41% | 0.47% |
| Tekonsha | 0.24% | 0.30% | 0.38% | 0.41% | 0.46% |
| Union City | 0.21% | 0.25% | 0.32% | 0.40% | 0.46% |
Source: Ownwell
Property Tax Assessment Values Across Branch County, Michigan
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Branch County, MI. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Branch County Appraisal District. The assessed value, however, 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. Assessment notices in Branch County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Coldwater has the highest median tax bill at $793, while Sherwood has the lowest at $308. Being aware of these valuation processes in Branch County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Branch County Assessed Value
$130,544
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Branch County, Michigan
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allen | N/A | N/A | N/A | N/A | N/A |
| Athens | $81,860 | $106,300 | $153,800 | $195,000 | $263,740 |
| Bronson | $35,200 | $76,600 | $114,423 | $172,492 | $252,811 |
| Burr Oak | $37,877 | $75,845 | $119,663 | $192,286 | $281,228 |
| Coldwater | $26,080 | $83,805 | $134,500 | $220,482 | $370,049 |
| Colon | $21,600 | $41,350 | $91,400 | $151,000 | $214,860 |
| Homer | $38,890 | $97,816 | $129,556 | $166,030 | $211,770 |
| Litchfield | $87,868 | $146,678 | $192,712 | $246,862 | $325,633 |
| Montgomery | $33,541 | $61,378 | $99,379 | $157,792 | $220,782 |
| Quincy | $79,505 | $114,196 | $158,248 | $228,932 | $348,309 |
| Reading | $53,946 | $97,142 | $142,000 | $203,860 | $243,738 |
| Sherwood | $24,860 | $50,900 | $98,200 | $159,950 | $246,400 |
| Tekonsha | $35,760 | $74,500 | $138,600 | $206,100 | $306,250 |
| Union City | $32,104 | $69,600 | $111,700 | $168,260 | $252,240 |
Source: Ownwell
Property Tax Bills Across Branch County, Michigan
In Branch County, MI, property tax bills are calculated based on the assessed value of your home, which is typically 50% of its market value. Homeowners in Branch County can expect their property tax bills to vary significantly, influenced by factors such as property location and market conditions. For instance, the median home price in the county is $130,544, which serves as a baseline for tax assessments. The tax bill for the 25th percentile is around $355, while the 75th percentile sees bills of approximately $1,064, and those in the 90th percentile face bills up to $1,669. Coldwater, a city within the county, holds the highest median tax bill at $793, whereas Sherwood has the lowest at $308. These figures illustrate the range of property tax obligations homeowners might encounter. Compared to the national median property tax rate of 0.99%, Branch County homeowners may find their tax rates to be relatively moderate, yet variable depending on the specific area and property value.
Average Branch County Tax Bill
$638
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Branch County, Michigan
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allen | N/A | N/A | N/A | N/A | N/A |
| Athens | $279 | $342 | $534 | $770 | $1,005 |
| Bronson | $128 | $321 | $559 | $845 | $1,183 |
| Burr Oak | $161 | $324 | $482 | $765 | $1,017 |
| Coldwater | $222 | $453 | $793 | $1,298 | $2,068 |
| Colon | $88 | $163 | $359 | $552 | $831 |
| Homer | $120 | $171 | $344 | $459 | $638 |
| Litchfield | $137 | $331 | $530 | $670 | $1,084 |
| Montgomery | $109 | $202 | $344 | $616 | $896 |
| Quincy | $258 | $422 | $661 | $982 | $1,379 |
| Reading | $253 | $377 | $621 | $838 | $1,033 |
| Sherwood | $94 | $171 | $308 | $517 | $823 |
| Tekonsha | $131 | $284 | $494 | $750 | $1,098 |
| Union City | $112 | $200 | $332 | $534 | $839 |
Source: Ownwell
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