Ortonville, Genesee County, Michigan Property Taxes
The median property tax rate in Ortonville, MI is 0.38%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Ortonville at $263,800, the typical annual property tax bill comes to $1,017, well below the national median of $2,690. Property taxes in Ortonville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ortonville'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 Ortonville 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
Ortonville, Genesee County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.38%
Estimate Property Tax Bill
$1,002
$930
Ownwell’s Ortonville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ortonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ortonville 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 Ortonville, Genesee County, Michigan
Property taxes in Ortonville, Michigan, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Ortonville is 1.53%, significantly higher than both the Michigan state median of 1.31% and the U.S. national median of 0.99%. Local government entities within Ortonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ortonville 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 Ortonville's effective property tax rate to other counties in Michigan and the national median. For comparison, the highest median property tax rate in Michigan is 2.11%, while the lowest median tax rate is 0.38%. Understanding how these cities compare with Ortonville 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 Ortonville 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 Ortonville, Genesee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48462 | 0.32% | 0.35% | 0.38% | 0.42% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Ortonville, Genesee County, Michigan
In Ortonville, 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 Ortonville, 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 Ortonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 48462 in Ortonville has the highest and lowest median tax bill, both at $1,017, providing a balanced perspective on the local property tax landscape.
Property Tax Assessment Values Across Ortonville, Genesee County, Michigan
Source: Ownwell
$42,400
$166,700
$291,000
Average Ortonville Assessed Value
$263,800
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 Ortonville, Genesee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48462 | $217,800 | $230,800 | $263,800 | $332,000 | $368,400 |
Source: Ownwell
Property Tax Bills Across Ortonville, Genesee County, Michigan
In Ortonville, 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 a median home priced at $263,800, the assessed value would be around $131,900. The property tax rate in Ortonville is applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including local government budgets, school district funding needs, and public service costs. Homeowners in Ortonville can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is approximately $852, while the 75th percentile reaches about $1374. At the higher end, the 90th percentile tax bill is around $1591. Comparatively, the national median property tax rate is 0.99%, which provides context for understanding how Ortonville's rates impact homeowners. These taxes directly affect homeowners by contributing to essential community services such as education, public safety, and infrastructure maintenance.
Average Ortonville Tax Bill
$1,017
Average Genesee County Tax Bill
$1,090
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Ortonville, Genesee County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48462 | $696 | $852 | $1,017 | $1,374 | $1,591 |
Source: Ownwell