Burlington, Michigan Property Taxes
The median property tax rate in Burlington, MI is 1.03%, slightly higher than the national median of 0.99% but lower than the Michigan state median of 1.07%. With a median home value of $151,180 in Burlington, the typical annual property tax bill amounts to $1,597, which is below the national median of $2,690. Property taxes in Burlington are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Burlington'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 Burlington or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Burlington, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$1,557
$1,445
Ownwell’s Burlington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Burlington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Burlington 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 Burlington, Michigan
Property taxes in Burlington, Michigan, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Burlington is 1.03%, higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Burlington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burlington 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 Burlington's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49029 zip code has the highest median property tax rate of 1.03%, while the 49029 zip code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with Burlington 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 Burlington Tax Rate
1.03%
Average Calhoun County Tax Rate
1.36%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burlington, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49029 | 0.60% | 0.85% | 1.03% | 1.26% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Burlington, Michigan
In Burlington, 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 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 Burlington, 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 Burlington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,597 in the 49029 zip code, while the lowest median tax bill is also $1,597 in the same zip code.
Average Burlington Assessed Value
$151,180
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 Burlington, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49029 | $41,768 | $85,680 | $151,180 | $248,600 | $382,520 |
Source: Ownwell
Property Tax Bills Across Burlington, Michigan
In Burlington, property tax bills are determined based on the assessed value of your home, which is typically a percentage of its market value. The median home price in Burlington is $151,180. Tax authorities apply a tax rate to this assessed value to calculate your annual property tax bill. Factors such as property improvements and neighborhood changes can influence the assessed value, potentially increasing your tax bill over time. For homeowners in Burlington, the property tax bill varies widely. The 25th percentile of tax bills is around $887, while the 75th percentile reaches $2,515. Those at the 90th percentile can expect to pay approximately $3,638. By comparison, the national median property tax rate is 0.99%, highlighting how Burlington's tax rates can significantly impact homeowners. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly, ensuring they are prepared for any changes in their property tax bills.
Average Burlington Tax Bill
$1,597
Average Calhoun County Tax Bill
$1,916
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Burlington, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49029 | $434 | $887 | $1,597 | $2,515 | $3,638 |
Source: Ownwell