Nahma, Michigan Property Taxes
The median property tax rate in Nahma, MI is 0.49%, considerably lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Nahma at $40,100, the typical annual property tax bill reaches $187, significantly below the national median of $2,690. Property taxes in Nahma 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 Nahma'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 Nahma or another part of Delta County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nahma, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$196
Ownwell’s Nahma Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nahma with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nahma 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 Nahma, Michigan
Property taxes in Nahma, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nahma is 0.49%, significantly lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Nahma set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nahma 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 Nahma's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49864 zip code has the highest median property tax rate of 0.49%, while the 49864 zip code also has the lowest median tax rate of 0.49%. Understanding how these cities compare with Nahma provides valuable insights into the varying tax landscape across Delta County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Nahma Tax Rate
0.49%
Average Delta County Tax Rate
0.51%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nahma, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49864 | 0.37% | 0.43% | 0.49% | 0.54% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Nahma, Michigan
In Nahma, 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 Delta 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 Nahma, 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 Nahma helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 49864, with a median tax bill of $187.
Average Nahma Assessed Value
$40,100
Average Delta County Assessed Value
$107,400
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nahma, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49864 | $21,920 | $31,200 | $40,100 | $73,950 | $310,320 |
Source: Ownwell
Property Tax Bills Across Nahma, Michigan
In Nahma, MI, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. For homeowners, this means that their property tax bill is influenced by both the market value of their home and the local tax rate. The median home price in Nahma is $40,100, and the property tax rate in Delta County is applied to this assessed value to determine the annual tax bill. Several factors contribute to the final tax bill, including property size, location, and any applicable exemptions. For instance, the 25th percentile tax bill is $142, while the 75th percentile tax bill is $318, indicating a range of what homeowners might expect to pay. The 90th percentile tax bill can reach up to $1,473, showing a significant increase for higher-valued properties. Compared to the national median property tax rate of 0.99%, homeowners in Nahma experience varying tax bills that can significantly impact their annual financial planning.
Average Nahma Tax Bill
$187
Average Delta County Tax Bill
$702
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Nahma, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49864 | $87 | $142 | $187 | $318 | $1,473 |
Source: Ownwell