Atlas, Genesee County, Michigan Property Taxes
The median property tax rate in Atlas, MI is 0.38%, significantly lower than both the national median of 0.99% and Michigan's state median of 1.07%. With the median home value in Atlas at $187,600, the typical annual property tax bill amounts to $828, well below the national median of $2,690. Property taxes in Atlas are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions, such as the primary residence and agricultural exemptions. Understanding Atlas'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 Atlas or another part of Genesee County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Atlas, Genesee County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.38%
Estimate Property Tax Bill
$713
$662
Ownwell's ATLAS Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers a quick and easy way to estimate their annual property taxes in ATLAS with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in ATLAS to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, making it easier to plan your finances. For those interested in more detailed insights, you can scroll down to explore trends at a neighborhood level. Your property's assessed value is determined by the county for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Atlas, Genesee County, Michigan
Property taxes in Atlas, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Atlas is 0.38%, which is significantly lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Atlas set these rates annually, and they can vary significantly across different neighborhoods. Each year, Atlas 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. Understanding how Atlas's effective property tax rate compares to other areas in Genesee County and the national median provides valuable insights into the varying tax landscape across the region, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Atlas Tax Rate
0.38%
Average Genesee County Tax Rate
0.93%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Atlas, Genesee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48411 | 0.31% | 0.34% | 0.38% | 0.52% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Atlas, Genesee County, Michigan
In Atlas, 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 Genesee 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 Atlas, 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. The highest median tax bill in Atlas is $828 in zip code 48411. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Atlas, Genesee County, Michigan
Source: Ownwell
$42,400
$166,700
$291,000
Average Atlas Assessed Value
$187,600
Average Genesee County Assessed Value
$139,200
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Atlas, Genesee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48411 | $132,380 | $152,200 | $187,600 | $260,050 | $311,200 |
Source: Ownwell
Property Tax Bills Across Atlas, Genesee County, Michigan
In Atlas, located in Genesee County, MI, property tax bills are calculated based on the assessed value of a home, which is typically 50% of its market value. For instance, with a median home price of $187,600, the assessed value would be approximately $93,800. The tax rate is then applied to this assessed value to determine the tax bill. Several factors influence the tax bill, including local government budgets, school district funding needs, and public services. Homeowners in Atlas face varying tax bills, with the 25th percentile at $620 and the 75th percentile at $1014. The highest median tax bill in the area is $828, which is consistent across the zip code 48411. Compared to the national median property tax rate of 0.99%, homeowners in Atlas may find their tax rates relatively moderate. Understanding how these factors interplay can help homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Atlas Tax Bill
$828
Average Genesee County Tax Bill
$1,090
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Atlas, Genesee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48411 | $503 | $620 | $828 | $1,014 | $1,239 |
Source: Ownwell