Decatur, Michigan Property Taxes
The median property tax rate in Decatur, MI is 0.37%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $166,300 in Decatur, the typical annual property tax bill is around $570, well below the national median of $2,690. Property taxes in Decatur are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Decatur's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Decatur or another part of Cass County, mastering the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Decatur, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.37%
Estimate Property Tax Bill
$615
$571
Ownwell’s Decatur Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Decatur with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Decatur 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 Decatur, Michigan
Property taxes in Decatur, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Decatur is 1.68%, significantly higher than both the Michigan state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Decatur set these rates annually, and they can vary significantly across different neighborhoods. Each year, Decatur 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 Decatur's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49045 zip code has the highest median property tax rate of 1.68%, while the 49031 zip code has the lowest median tax rate of 1.54%. Understanding how these cities compare with Decatur provides valuable insights into the varying tax landscape across Cass County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Decatur Tax Rate
0.37%
Average Cass County Tax Rate
0.39%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Decatur, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49045 | 0.23% | 0.29% | 0.37% | 0.44% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Decatur, Michigan
In Decatur, 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 Cass 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 Decatur, 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 Decatur helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Decatur is $570.00 in the 49045 zip code, while the lowest median tax bill is also $570.00 in the same zip code.
Average Decatur Assessed Value
$166,300
Average Cass County Assessed Value
$171,400
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Decatur, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49045 | $37,520 | $101,850 | $166,300 | $242,400 | $310,660 |
Source: Ownwell
Property Tax Bills Across Decatur, Michigan
In Decatur, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is typically a percentage of the market value of the property. For homeowners in Decatur, the median home price stands at $166,300. Tax bills can vary significantly, with the 25th percentile tax bill at $320 and the 75th percentile at $906. At the higher end, the 90th percentile tax bill reaches $1,171. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. These tax bills have a direct impact on homeowners, affecting their annual housing costs and overall financial planning. In Cass County, where Decatur is located, the highest and lowest median tax bills are both $570, which provides a point of comparison within the region. Understanding these elements helps homeowners anticipate their financial obligations and plan accordingly.
Average Decatur Tax Bill
$570
Average Cass County Tax Bill
$696
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Decatur, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49045 | $127 | $320 | $570 | $906 | $1,171 |
Source: Ownwell