Beaverton, Michigan Property Taxes
The median property tax rate in Beaverton, MI is 0.35%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Beaverton, the typical annual property tax bill reaches $593, which is well below the national median of $2,690. Property taxes in Beaverton 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 Beaverton'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 Beaverton 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
Beaverton, Michigan Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$2,140
Ownwell’s Beaverton Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Beaverton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beaverton 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 Beaverton, Michigan
Property taxes in Beaverton, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beaverton is 1.81%, significantly higher than the Michigan state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Beaverton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beaverton 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 Beaverton's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48612 zip code has the highest median property tax rate of 1.81%, while the 48624 zip code has the lowest median tax rate of 1.22%. Understanding how these cities compare with Beaverton provides valuable insights into the varying tax landscape across Clare County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beaverton Tax Rate
0.35%
Average Clare County Tax Rate
0.40%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beaverton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48612 | 0.23% | 0.31% | 0.35% | 0.42% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Beaverton, Michigan
In Beaverton, 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 Clare 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 Beaverton, 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 Beaverton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Beaverton is $181,200, with the highest median tax bill being $593 in zip code 48612.
Average Beaverton Assessed Value
$181,200
Average Clare County Assessed Value
$85,200
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beaverton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48612 | $63,208 | $109,159 | $181,200 | $253,889 | $346,590 |
Source: Ownwell
Property Tax Bills Across Beaverton, Michigan
In Beaverton, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is typically a percentage of the market value of the property. For instance, with a median home price of $181,200, the assessed value will be a fraction of this market price, adjusted by the local assessment rate. Homeowners in Beaverton can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $348 and the 75th percentile tax bill at $911. The top 10% of tax bills can reach as high as $1,437. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, Beaverton's tax rates reflect local economic conditions and public service needs, influencing the overall cost of homeownership in the area.
Average Beaverton Tax Bill
$593
Average Clare County Tax Bill
$399
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Beaverton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48612 | $252 | $348 | $593 | $911 | $1,437 |
Source: Ownwell