Perkins, Michigan Property Taxes
The median property tax rate in Perkins, MI is 0.32%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Perkins at $109,000, the typical annual property tax bill is $339, well below the national median of $2,690. Property taxes in Perkins are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Perkins' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Perkins 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
Perkins, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.32%
Estimate Property Tax Bill
$349
$324
Ownwell’s Perkins Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Perkins with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Perkins 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 Perkins, Michigan
Property taxes in Perkins, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Perkins is 1.83%, significantly higher than both the Michigan state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Perkins set these rates annually, and they can vary significantly across different neighborhoods. Each year, Perkins 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 Perkins' effective property tax rate to other counties in Michigan and the national median. For comparison, the highest median property tax rate in the region is 2.12%, while the lowest median tax rate is 1.41%. Understanding how these cities compare with Perkins 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 Perkins Tax Rate
0.32%
Average Delta County Tax Rate
0.51%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Perkins, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49872 | 0.21% | 0.29% | 0.32% | 0.37% | 0.46% |
Source: Ownwell
Property Tax Assessment Values Across Perkins, Michigan
In Perkins, 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 Perkins, 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 Perkins helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $339, found in the 49872 zip code.
Average Perkins Assessed Value
$109,000
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 Perkins, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49872 | $48,200 | $78,300 | $109,000 | $153,800 | $211,600 |
Source: Ownwell
Property Tax Bills Across Perkins, Michigan
In Perkins, located in Delta County, MI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local tax assessor and is typically a percentage of the property's market value. Homeowners in Perkins can expect a median property tax bill of approximately $339, which aligns with the tax bills in the zip code 49872. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For instance, homeowners may qualify for exemptions that reduce their taxable value, thereby lowering their tax bill. The 25th percentile tax bill in Perkins is around $234, while those in the 75th percentile face bills of about $500. At the 90th percentile, tax bills can reach up to $683. These property taxes fund essential local services such as schools, public safety, and infrastructure. Understanding how property tax bills are calculated helps homeowners budget effectively and take advantage of any available exemptions to minimize their financial burden.
Average Perkins Tax Bill
$339
Average Delta County Tax Bill
$702
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Perkins, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49872 | $141 | $234 | $339 | $500 | $683 |
Source: Ownwell