Springport, Michigan Property Taxes
The median property tax rate in Springport, MI is 1.02%, 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 $186,200 in Springport, the typical annual property tax bill is $1,660, which is below the national median of $2,690. Property taxes in Springport are calculated based on the assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Springport'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 Springport 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
Springport, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$1,899
$1,762
Ownwell’s SPRINGPORT Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SPRINGPORT with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SPRINGPORT 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 Springport, Michigan
Property taxes in Springport, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Springport is 1.02%, slightly higher than the U.S. national median of 0.99%. Local government entities within Springport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Springport 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 Springport's effective property tax rate to other areas in Michigan and the national median. For comparison, the 49284 zip code has a median property tax rate of 1.02%. Understanding how these areas compare with Springport 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 Springport Tax Rate
1.02%
Average Calhoun County Tax Rate
1.36%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Springport, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49284 | 0.68% | 0.78% | 1.02% | 1.41% | 1.95% |
Source: Ownwell
Property Tax Assessment Values Across Springport, Michigan
In Springport, 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 Springport, 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 Springport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 49284 has the highest median tax bill at $1,660, which is significantly lower than the national median property tax rate of 0.99%.
Average Springport Assessed Value
$186,200
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 Springport, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49284 | $44,760 | $91,150 | $186,200 | $288,050 | $436,020 |
Source: Ownwell
Property Tax Bills Across Springport, Michigan
In Springport, 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 $186,200, the assessed value is determined by local tax assessors. Homeowners in Springport can expect their tax bills to vary significantly. For example, the tax bill at the 25th percentile is $938, while at the 75th percentile, it rises to $2,987. The top 10% of tax bills can reach up to $4,792. Factors such as local government budgets, school funding requirements, and public service needs play a crucial role in determining the tax rate. Compared to the national median property tax rate of 0.99%, Springport's rates can fluctuate based on these local demands. For homeowners, this means that property taxes can represent a significant portion of their annual expenses, influencing decisions on home purchases and long-term financial planning.
Average Springport Tax Bill
$1,660
Average Calhoun County Tax Bill
$1,916
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Springport, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49284 | $495 | $938 | $1,660 | $2,987 | $4,792 |
Source: Ownwell