Bellevue, Michigan Property Taxes
The median property tax rate in Bellevue, MI is 0.42%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Bellevue at $136,372, the typical annual property tax bill is $568, well below the national median of $2,690. Property taxes in Bellevue are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Bellevue'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 Bellevue or another part of Eaton County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bellevue, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.42%
Estimate Property Tax Bill
$573
$532
Ownwell’s Bellevue Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bellevue with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Bellevue to provide an accurate property tax bill estimate. This valuable tool helps you comprehend potential tax liabilities, making financial planning easier. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property's assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Bellevue, Michigan
Property taxes in Bellevue, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bellevue is 0.42%, which is significantly lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Bellevue set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bellevue 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 Bellevue's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49021 zip code has both the highest and lowest median property tax rate of 0.42%. Understanding how these cities compare with Bellevue provides valuable insights into the varying tax landscape across Eaton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bellevue Tax Rate
0.42%
Average Eaton County Tax Rate
0.81%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bellevue, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49021 | 0.30% | 0.36% | 0.42% | 0.47% | 0.55% |
Source: Ownwell
Property Tax Assessment Values Across Bellevue, Michigan
In Bellevue, 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 Eaton 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 Bellevue, 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 Bellevue helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Bellevue is $136,372, with tax bills ranging from $379 at the 25th percentile to $1,264 at the 90th percentile. The zip code 49021 has the highest and lowest median tax bill at $568.
Average Bellevue Assessed Value
$136,372
Average Eaton County Assessed Value
$184,400
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bellevue, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49021 | $59,563 | $93,970 | $136,372 | $200,548 | $288,550 |
Source: Ownwell
Property Tax Bills Across Bellevue, Michigan
In Bellevue, Eaton County, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, with a median home price of $136,372, local tax rates are applied to determine the annual tax bill. The median property tax rate in Bellevue aligns closely with the national median of 0.99%. Several factors influence the final tax bill, including the property's assessed value, applicable exemptions, and specific local tax rates. Homeowners in Bellevue can expect tax bills to vary significantly. At the 25th percentile, the tax bill is around $379, while at the 75th percentile, it reaches approximately $872. For those at the 90th percentile, the tax bill can rise to $1,264. These tax bills impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Understanding how these factors interplay helps homeowners anticipate their annual financial obligations and plan accordingly.
Average Bellevue Tax Bill
$568
Average Eaton County Tax Bill
$1,470
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Bellevue, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49021 | $261 | $379 | $568 | $872 | $1,264 |
Source: Ownwell