Union City, Michigan Property Taxes
The median property tax rate in Union City, MI is 1.08%, slightly higher than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Union City at $130,400, the typical annual property tax bill reaches $1,434, which is below the national median of $2,690. Property taxes in Union City 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 City'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 City 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 City, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$1,408
Ownwell’s Union City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Union City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Union City 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 City, Michigan
Property taxes in Union City, 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 City is 1.08%, which is higher than the U.S. national median of 0.99%. Local government entities within Union City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Union City 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 City's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49094 zip code has the highest median property tax rate of 1.08%, while the same zip code also has the lowest median tax rate of 1.08%. Understanding how these cities compare with Union City 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 Union City Tax Rate
1.08%
Average Calhoun County Tax Rate
1.36%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Union City, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49094 | 0.71% | 0.89% | 1.08% | 1.41% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Union City, Michigan
In Union City, 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 local county authorities 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 City, 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 City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 49094 in Union City has the highest median tax bill of $1,434, which is reflective of the local property values and tax rates. By staying informed, property owners can take proactive steps to ensure their property taxes are fair and manageable.
Average Union City Assessed Value
$130,400
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 Union City, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49094 | $40,000 | $73,065 | $130,400 | $186,930 | $286,780 |
Source: Ownwell
Property Tax Bills Across Union City, Michigan
In Union City, located in Calhoun 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 example, with a median home price of $130,400, the assessed value is determined by local assessors. The tax rate is then applied to this assessed value to calculate the annual tax bill. Factors influencing the tax bill include the property's location, size, and any applicable exemptions or deductions. Union City's property tax rate is compared to the national median property tax rate of 0.99%, helping homeowners understand their relative tax burden. Homeowners in Union City can expect tax bills to vary significantly. For instance, the 25th percentile tax bill is around $857, while the 75th percentile tax bill is about $2,062. At the 90th percentile, tax bills can reach up to $2,872, reflecting the disparities based on property values and specific assessments. Understanding these factors is crucial for homeowners to manage their financial planning effectively.
Average Union City Tax Bill
$1,434
Average Calhoun County Tax Bill
$1,916
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Union City, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49094 | $482 | $857 | $1,434 | $2,062 | $2,872 |
Source: Ownwell