Marcellus, Michigan Property Taxes
The median property tax rate in Marcellus, MI is 0.42%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $139,400 in Marcellus, the typical annual property tax bill is approximately $655, well below the national median of $2,690. Property taxes in Marcellus are determined 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 Marcellus's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to considerable annual savings. Whether you're in the heart of Marcellus or another part of the city, a thorough understanding of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Marcellus, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.42%
Estimate Property Tax Bill
$585
$543
Ownwell’s Marcellus Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marcellus with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marcellus 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 Marcellus, Michigan
Property taxes in Marcellus, Michigan, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marcellus is 0.42%, significantly lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Marcellus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marcellus 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 Marcellus's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49067 zip code has both the highest and lowest median property tax rate of 0.42%. Understanding how these cities compare with Marcellus 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 Marcellus Tax Rate
0.42%
Average Cass County Tax Rate
0.39%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marcellus, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49067 | 0.24% | 0.31% | 0.42% | 0.55% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Marcellus, Michigan
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Marcellus, Michigan. 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 Marcellus, 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 Marcellus helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Marcellus, the median home price stands at $139,400. The tax bill for the 25th percentile is $397, while the 75th percentile sees a tax bill of $943. Notably, the highest and lowest median tax bills are both $655, observed in zip code 49067.
Average Marcellus Assessed Value
$139,400
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 Marcellus, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49067 | $51,000 | $94,600 | $139,400 | $224,300 | $329,120 |
Source: Ownwell
Property Tax Bills Across Marcellus, Michigan
In Marcellus, located in Cass County, 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 property's market value, and this figure is then multiplied by the local tax rate to determine the tax bill. For instance, with a median home price of $139,400, homeowners can expect varying tax bills. Factors that influence the tax bill include property size, location, and any applicable exemptions or deductions. In Marcellus, the tax bill at the 25th percentile is approximately $397, while at the 75th percentile, it rises to around $943. The 90th percentile tax bill can reach $1,339, highlighting the range of potential costs for homeowners. Compared to the national median property tax rate of 0.99%, Marcellus homeowners experience a diverse range of tax bills, which can significantly impact household budgets depending on the assessed property value and applicable tax rates.
Average Marcellus Tax Bill
$655
Average Cass County Tax Bill
$696
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Marcellus, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49067 | $178 | $397 | $655 | $943 | $1,339 |
Source: Ownwell