Middleton, Michigan Property Taxes
The median property tax rate in Middleton, 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 Middleton at $93,600, the typical annual property tax bill amounts to $433, far below the national median of $2,690. Property taxes in Middleton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Middleton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Middleton or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Middleton, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$431
$400
Ownwell’s Middleton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Middleton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Middleton 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 Middleton, Michigan
Property taxes in Middleton, Michigan, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Middleton is 0.46%, which is lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Middleton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Middleton 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 Middleton's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48856 zip code has the highest median property tax rate of 0.46%, while the same zip code also has the lowest median tax rate of 0.46%. Understanding how these cities compare with Middleton provides valuable insights into the varying tax landscape across Gratiot County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Middleton Tax Rate
0.46%
Average Gratiot County Tax Rate
0.33%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Middleton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48856 | 0.26% | 0.32% | 0.46% | 0.66% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Middleton, Michigan
In Middleton, 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 local 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 Middleton, 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, in Middleton, the median home price is $93,600, and the property tax bill can range from $308 at the 25th percentile to $801 at the 90th percentile. 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 Middleton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Middleton Assessed Value
$93,600
Average Gratiot County Assessed Value
$112,300
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Middleton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48856 | $41,280 | $72,100 | $93,600 | $150,200 | $205,080 |
Source: Ownwell
Property Tax Bills Across Middleton, Michigan
In Middleton, MI, property tax bills are calculated based on the assessed value of your home, which is determined by the local county assessor. The assessed value is a percentage of the market value of your property. For example, with a median home price of $93,600, the assessed value would be a proportion of this amount, which is then multiplied by the local tax rate to determine your tax bill. Several factors influence your property tax bill, including the market value of your home, any applicable exemptions, and the local tax rate. In Gratiot County, where Middleton is located, the median property tax rate is reflective of the national median rate of 0.99%. Homeowners can expect tax bills varying significantly, with the 25th percentile at $308 and the 90th percentile reaching up to $801. The highest and lowest median tax bills both stand at $433 in the zip code 48856. These taxes impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, making them a crucial part of community funding.
Average Middleton Tax Bill
$433
Average Gratiot County Tax Bill
$380
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Middleton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48856 | $248 | $308 | $433 | $575 | $801 |
Source: Ownwell