Edwardsburg, Michigan Property Taxes
The median property tax rate in Edwardsburg, MI is 0.38%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Edwardsburg at $209,000, the typical annual property tax bill amounts to $779, far below the national median of $2,690. Property taxes in Edwardsburg are determined based on the tax assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Edwardsburg'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 Edwardsburg or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Edwardsburg, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.38%
Estimate Property Tax Bill
$794
Ownwell’s Edwardsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Edwardsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Edwardsburg 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 Edwardsburg, Michigan
Property taxes in Edwardsburg, Michigan, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Edwardsburg is 1.32%, which is higher than both the Michigan state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Edwardsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Edwardsburg 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 Edwardsburg's effective property tax rate to other counties in Michigan and the national median. For comparison, the highest median property tax rate in the region is 1.54%, while the lowest median tax rate is 1.32%. Understanding how these cities compare with Edwardsburg 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 Edwardsburg Tax Rate
0.38%
Average Cass County Tax Rate
0.39%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Edwardsburg, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49112 | 0.27% | 0.32% | 0.38% | 0.44% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Edwardsburg, Michigan
In Edwardsburg, 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 Edwardsburg, 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 Edwardsburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Edwardsburg is $209,000, with tax bills ranging from $492 at the 25th percentile to $1,913 at the 90th percentile. The highest and lowest median tax bills are both $779 in zip code 49112.
Average Edwardsburg Assessed Value
$209,000
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 Edwardsburg, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49112 | $83,600 | $138,000 | $209,000 | $324,000 | $474,000 |
Source: Ownwell
Property Tax Bills Across Edwardsburg, Michigan
In Edwardsburg, located in Cass County, MI, property tax bills are determined based on the assessed value of the property, which is typically a percentage of the market value. For homeowners, the median home price stands at $209,000. Property taxes are calculated by applying the local tax rate to the assessed value of the property. The national median property tax rate is 0.99%, but local rates can vary. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. In Edwardsburg, the tax bill for the 25th percentile is $492, while the 75th percentile sees bills around $1261. The most substantial tax bills, such as those in the 90th percentile, can reach up to $1913. The highest and lowest median tax bills recorded in the area are both $779, tied to the zip code 49112. For homeowners, understanding how their property tax bill is calculated is crucial for financial planning and budgeting. By knowing the assessed value and applicable tax rates, they can better anticipate their annual property tax obligations.
Average Edwardsburg Tax Bill
$779
Average Cass County Tax Bill
$696
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Edwardsburg, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49112 | $293 | $492 | $779 | $1,261 | $1,913 |
Source: Ownwell