Goetzville, Michigan Property Taxes
The median property tax rate in Goetzville, MI is 0.98%, slightly below both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Goetzville at $91,200, the typical annual property tax bill is $874, significantly lower than the national median of $2,690. Property taxes in Goetzville 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 Goetzville'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 Goetzville or another part of Chippewa County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Goetzville, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$894
Ownwell’s Goetzville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Goetzville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Goetzville 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 Chippewa County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Goetzville, Michigan
Property taxes in Goetzville, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Goetzville is 0.98%, slightly below the U.S. national median of 0.99%. Local government entities within Goetzville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Goetzville 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 Goetzville's effective property tax rate to other areas in Michigan and the national median. For comparison, the 49736 zip code has both the highest and lowest median property tax rate of 0.98%, the same as Goetzville. Understanding how these areas compare with Goetzville provides valuable insights into the varying tax landscape across Chippewa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Goetzville Tax Rate
0.98%
Average Chippewa County Tax Rate
1.10%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Goetzville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49736 | 0.52% | 0.73% | 0.98% | 1.36% | 1.64% |
Source: Ownwell
Property Tax Assessment Values Across Goetzville, Michigan
In Goetzville, 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 Chippewa 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 Goetzville, 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 Goetzville is $91,200, with tax bills ranging from $535 at the 25th percentile to $1,894 at the 90th percentile. 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 Goetzville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Goetzville Assessed Value
$91,200
Average Chippewa County Assessed Value
$103,400
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Goetzville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49736 | $30,200 | $51,200 | $91,200 | $145,600 | $208,000 |
Source: Ownwell
Property Tax Bills Across Goetzville, Michigan
In Goetzville, Chippewa 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 then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $91,200, the tax bill can vary significantly. Homeowners may experience tax bills at the 25th percentile of $535, while those at the 75th percentile might pay around $1,387. The highest median tax bill recorded in the area is $874. Various factors influence the assessed value, including the home's market value, location, and any improvements made to the property. These property taxes fund essential public services such as schools, infrastructure, and emergency services. Consequently, higher property taxes can impact household budgets, making it crucial for homeowners to understand their tax bills and explore any available exemptions or appeal options to potentially lower their tax burden.
Average Goetzville Tax Bill
$874
Average Chippewa County Tax Bill
$1,042
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Goetzville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49736 | $328 | $535 | $874 | $1,387 | $1,894 |
Source: Ownwell