Fowler, Michigan Property Taxes
The median property tax rate in Fowler, MI is 0.82%, which is lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Fowler being $176,000, the typical annual property tax bill is $1,360, significantly below the national median of $2,690. Property taxes in Fowler are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Fowler'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 Fowler or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fowler, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$1,443
$1,339
Ownwell’s Fowler Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fowler with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fowler 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 Fowler, Michigan
Property taxes in Fowler, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fowler is 0.82%, which is lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Fowler set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fowler 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 Fowler's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48835 zip code has the highest median property tax rate of 0.82%, while the 48835 zip code has the lowest median tax rate of 0.82%. Understanding how these cities compare with Fowler provides valuable insights into the varying tax landscape across Clinton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fowler Tax Rate
0.82%
Average Clinton County Tax Rate
1.43%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fowler, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48835 | 0.36% | 0.51% | 0.82% | 0.95% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Fowler, Michigan
In Fowler, 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 Clinton 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 Fowler, 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. For instance, the median home price in Fowler is $176,000, with tax bills ranging from $1,005 at the 25th percentile to $2,972 at the 90th percentile. The highest and lowest median tax bill, both at $1,360, are found in the 48835 zip code. 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 Fowler helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Fowler Assessed Value
$176,000
Average Clinton County Assessed Value
$186,400
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fowler, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48835 | $81,880 | $128,700 | $176,000 | $273,500 | $479,480 |
Source: Ownwell
Property Tax Bills Across Fowler, Michigan
In Fowler, 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 a percentage of the market value of the property. The local property tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors influence the assessed value, including the home's size, location, and condition, as well as recent sales of comparable properties in the area. For homeowners in Fowler, this means that property taxes can vary widely. For instance, the tax bill at the 25th percentile is around $1,005, while at the 75th percentile, it rises to approximately $2,029. At the 90th percentile, homeowners might see a tax bill as high as $2,972. Comparatively, the median property tax rate in Fowler is in line with the national median of 0.99%, providing a balanced perspective for homeowners. This system ensures that property taxes are equitable and reflect the true value of each property.
Average Fowler Tax Bill
$1,360
Average Clinton County Tax Bill
$2,460
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Fowler, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48835 | $764 | $1,005 | $1,360 | $2,029 | $2,972 |
Source: Ownwell