Hubbardston, Michigan Property Taxes
The median property tax rate in Hubbardston, MI is 0.87%, which is notably lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Hubbardston at $119,400, the typical annual property tax bill amounts to $1,151, well below the national median of $2,690. Property taxes in Hubbardston are determined based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Gaining a clear understanding of Hubbardston'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 Hubbardston 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
Hubbardston, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$1,039
$964
Ownwell’s Hubbardston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hubbardston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hubbardston 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 Hubbardston, Michigan
Property taxes in Hubbardston, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hubbardston is 1.15%, which is significantly higher than both the Michigan state median of 1.31% and the U.S. national median of 0.99%. Local government entities within Hubbardston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hubbardston 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 Hubbardston's effective property tax rate to other counties in Michigan and the national median. For comparison, the zip code 48845 has the highest median property tax rate of 1.15%, while the same zip code 48845 also has the lowest median tax rate of 1.15%. Understanding how these cities compare with Hubbardston 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 Hubbardston Tax Rate
0.87%
Average Clinton County Tax Rate
1.43%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hubbardston, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48845 | 0.44% | 0.61% | 0.87% | 1.14% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Hubbardston, Michigan
In Hubbardston, 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 Hubbardston, 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 Hubbardston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1151, found in the 48845 zip code.
Average Hubbardston Assessed Value
$119,400
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 Hubbardston, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48845 | $20,200 | $68,200 | $119,400 | $212,800 | $423,320 |
Source: Ownwell
Property Tax Bills Across Hubbardston, Michigan
Property tax bills in Hubbardston, MI, are calculated based on the assessed value of a property, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For example, with a median home price of $119,400, homeowners can expect varying tax bills depending on their property's assessed value and the local tax rate. The tax bill at the 25th percentile is around $656, while at the 75th percentile, it rises to approximately $1,879. For those at the 90th percentile, the tax bill can reach up to $2,656. Homeowners in Hubbardston experience a range of tax burdens, influenced by factors such as property location, improvements, and local government budgets. Compared to the national median property tax rate of 0.99%, Hubbardston's property tax rates can significantly impact household budgets, making it essential for homeowners to understand how their tax bills are determined and to explore potential exemptions or appeals if necessary.
Average Hubbardston Tax Bill
$1,151
Average Clinton County Tax Bill
$2,460
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Hubbardston, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48845 | $359 | $656 | $1,151 | $1,879 | $2,656 |
Source: Ownwell