Birch Run, Genesee County, Michigan Property Taxes
The median property tax rate in Birch Run, MI is 0.46%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Birch Run at $190,300, the typical annual property tax bill comes to $912, which is well below the national median of $2,690. Property taxes in Birch Run are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Birch Run'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 Birch Run 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
Birch Run, Genesee County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$875
$812
Ownwell’s Birch Run Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Birch Run with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Birch Run 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 Birch Run, Genesee County, Michigan
Property taxes in Birch Run, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Birch Run is 0.46%, lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Birch Run set these rates annually, and they can vary significantly across different neighborhoods. Each year, Birch Run 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 Birch Run's effective property tax rate to other counties in Michigan and the national median. For comparison, the zip code 48415 has both the highest and lowest median property tax rate of 0.46%. Understanding how these cities compare with Birch Run provides valuable insights into the varying tax landscape across Genesee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Birch Run Tax Rate
0.46%
Average Genesee County Tax Rate
0.93%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Birch Run, Genesee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48415 | 0.34% | 0.38% | 0.46% | 0.56% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Birch Run, Genesee County, Michigan
In Birch Run, 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 Birch Run, 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. The median home price in Birch Run is $190,300, with tax bills ranging from $679 at the 25th percentile to $1,729 at the 90th percentile. The highest median tax bill is $912 in the 48415 zip code, which is also the lowest median 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 Birch Run helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Birch Run, Genesee County, Michigan
Source: Ownwell
$42,400
$166,700
$291,000
Average Birch Run Assessed Value
$190,300
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 Birch Run, Genesee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48415 | $120,540 | $153,650 | $190,300 | $241,300 | $286,480 |
Source: Ownwell
Property Tax Bills Across Birch Run, Genesee County, Michigan
In Birch Run, 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 $190,300, the assessed value would be approximately $95,150. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including property characteristics, improvements, and local tax levies. Homeowners in Birch Run can expect property tax bills to vary significantly. At the 25th percentile, the tax bill is around $679, while at the 75th percentile, it rises to approximately $1,189. The top 10% of tax bills can reach up to $1,729. These property taxes fund essential services such as public schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Birch Run's tax rates reflect the community's commitment to maintaining quality local services, impacting homeowners' overall financial planning and property affordability.
Average Birch Run Tax Bill
$912
Average Genesee County Tax Bill
$1,090
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Birch Run, Genesee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48415 | $528 | $679 | $912 | $1,189 | $1,729 |
Source: Ownwell