Grand Blanc, Michigan Property Taxes
The median property tax rate in Grand Blanc, MI is 1.00%, slightly above the national median of 0.99% but below Michigan's state median of 1.07%. With the median home value in Grand Blanc at $218,200, the typical annual property tax bill is $2,086, which is lower than the national median of $2,690. Property taxes in Grand Blanc are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Grand Blanc'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 Grand Blanc or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Grand Blanc, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$2,182
Ownwell’s Grand Blanc Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grand Blanc with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grand Blanc 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 Grand Blanc, Michigan
Property taxes in Grand Blanc, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grand Blanc is 1.00%, slightly higher than the U.S. national median of 0.99%. Local government entities within Grand Blanc set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grand Blanc 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 Grand Blanc's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48439 zip code has the highest median property tax rate of 1.00%, while the 48507 zip code has the lowest median tax rate of 0.99%. Understanding how these cities compare with Grand Blanc 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 Grand Blanc Tax Rate
1.00%
Average Genesee County Tax Rate
0.93%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grand Blanc, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48439 | 0.52% | 0.81% | 1.00% | 1.24% | 1.62% |
| 48507 | 0.76% | 0.85% | 0.99% | 1.26% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across Grand Blanc, Michigan
In Grand Blanc, 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 Grand Blanc, 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. For instance, homeowners in the 48439 zip code face the highest median tax bill of $2,147, while those in the 48507 zip code have the lowest median tax bill of $1,285. 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 Grand Blanc helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Grand Blanc Assessed Value
$218,200
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 Grand Blanc, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48439 | $116,920 | $164,200 | $223,400 | $306,100 | $400,080 |
| 48507 | $58,000 | $88,200 | $125,900 | $165,100 | $203,340 |
Source: Ownwell
Property Tax Bills Across Grand Blanc, Michigan
In Grand Blanc, property tax bills are calculated based on the assessed value of a property, which is typically determined as a percentage of the market value. The local tax rate is then applied to this assessed value to determine the amount owed. Factors such as property size, location, and market conditions play a significant role in determining the assessed value. For homeowners in Grand Blanc, the median home price stands at $218,200, with property tax bills ranging significantly. At the 25th percentile, the tax bill is around $1,453, while at the 75th percentile, it rises to $3,125. Those in the 90th percentile can expect to pay up to $4,239. The highest median tax bill in the area is $2,147, found in the 48439 zip code, whereas the lowest is $1,285 in the 48507 zip code. Compared to the national median property tax rate of 0.99%, Grand Blanc's rates can vary widely, impacting homeowners differently based on their property's assessed value and specific location within Genesee County.
Average Grand Blanc Tax Bill
$2,086
Average Genesee County Tax Bill
$1,090
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Grand Blanc, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48439 | $963 | $1,500 | $2,147 | $3,177 | $4,291 |
| 48507 | $720 | $972 | $1,285 | $1,632 | $2,123 |
Source: Ownwell