Bellevue, Michigan Property Taxes
The median property tax rate in Bellevue, MI is 0.88%, which is notably lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Bellevue at $232,600, the typical annual property tax bill amounts to $2,225, falling below the national median of $2,690. Property taxes in Bellevue are calculated based on the tax assessed value, which often comes in lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bellevue'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 Bellevue 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
Bellevue, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$2,047
$1,899
Ownwell’s Bellevue Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bellevue with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bellevue 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 Bellevue, Michigan
Property taxes in Bellevue, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bellevue is 0.88%, slightly lower than the U.S. national median of 0.99%. Local government entities within Bellevue set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bellevue 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 Bellevue's effective property tax rate to other areas in Michigan and the national median. For comparison, the zip code 49021 has the highest median property tax rate of 0.88%, while the same zip code also has the lowest median tax rate of 0.88%. Understanding how these figures compare with Bellevue provides valuable insights into the varying tax landscape across Calhoun County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bellevue Tax Rate
0.88%
Average Calhoun County Tax Rate
1.36%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bellevue, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49021 | 0.66% | 0.77% | 0.88% | 1.30% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Bellevue, Michigan
In Bellevue, 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 Calhoun County Assessment Office 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 Bellevue, 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. Bellevue's median home price is $232,600, and the median tax bill ranges from $1,550 at the 25th percentile to $4,297 at the 90th percentile. The highest and lowest median tax bills, both at $2,225, are found in the 49021 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bellevue Assessed Value
$232,600
Average Calhoun County Assessed Value
$125,045
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bellevue, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49021 | $111,244 | $165,000 | $232,600 | $318,800 | $396,680 |
Source: Ownwell
Property Tax Bills Across Bellevue, Michigan
In Bellevue, Calhoun County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Bellevue is $232,600. Property tax bills can vary significantly, with the 25th percentile tax bill around $1,550 and the 75th percentile reaching $3,049. For homeowners at the 90th percentile, the tax bill can be as high as $4,297. The property tax rate in Bellevue is influenced by various factors including local government budgets, school funding needs, and public services. Homeowners in Bellevue, on average, pay a property tax rate that may be higher or lower than the national median of 0.99%, depending on their home's assessed value and specific local tax rates. This variability in tax bills can significantly impact homeowners, affecting their annual financial planning and the overall affordability of homeownership in the region.
Average Bellevue Tax Bill
$2,225
Average Calhoun County Tax Bill
$1,916
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Bellevue, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49021 | $1,126 | $1,550 | $2,225 | $3,049 | $4,297 |
Source: Ownwell