Jones, Michigan Property Taxes
The median property tax rate in Jones, MI is 0.35%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value in Jones of $147,800, the typical annual property tax bill is $492, well below the national median of $2,690. Property taxes in Jones are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Jones'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 Jones 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
Jones, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.35%
Estimate Property Tax Bill
$517
$480
Ownwell’s JONES Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in JONES with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in JONES 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 Jones, Michigan
Property taxes in JONES, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in JONES is 1.78%, significantly higher than both the Michigan state median of 1.31% and the U.S. national median of 0.99%. Local government entities within JONES set these rates annually, and they can vary significantly across different neighborhoods. Each year, JONES 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. Understanding how these cities compare with JONES 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 Jones Tax Rate
0.35%
Average Cass County Tax Rate
0.39%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jones, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49061 | 0.12% | 0.26% | 0.35% | 0.42% | 0.49% |
Source: Ownwell
Property Tax Assessment Values Across Jones, Michigan
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Jones, Michigan. The market value represents 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 Jones, 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. The median home price in Jones is $147,800, with tax bills ranging from $259 at the 25th percentile to $1,293 at the 90th percentile. The highest and lowest median tax bills are both found in zip code 49061, at $492. 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 Jones helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Jones Assessed Value
$147,800
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 Jones, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49061 | $29,000 | $80,900 | $147,800 | $232,700 | $339,960 |
Source: Ownwell
Property Tax Bills Across Jones, Michigan
In JONES, located in Cass County, MI, property tax bills are calculated based on the assessed value of the home, which is determined by the local assessor. The assessed value is a percentage of the home's market value, reflecting the property's worth. Homeowners in JONES can expect their tax bills to vary significantly, with the 25th percentile tax bill at $259 and the 75th percentile at $777. For those in the 90th percentile, the tax bill can reach up to $1,293. These tax bills are influenced by several factors, including local tax rates, property assessments, and any applicable exemptions or deductions. The median home price in JONES is $147,800, which helps provide a sense of the typical tax burden for homeowners. Comparing this to the national median property tax rate of 0.99%, homeowners in JONES may find their tax rates to be competitive. Understanding these factors is crucial for homeowners as it directly impacts their annual financial planning and property-related expenses.
Average Jones Tax Bill
$492
Average Cass County Tax Bill
$696
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Jones, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49061 | $65 | $259 | $492 | $777 | $1,293 |
Source: Ownwell