Mosherville, Michigan Property Taxes
The median property tax rate in Mosherville, MI is 0.36%, significantly lower than both the national median of 0.99% and Michigan's state median of 1.07%. With the median home value in Mosherville, the typical annual property tax bill is $243, well below the national median of $2,690. Property taxes in Mosherville 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 Mosherville'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 Mosherville 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
Mosherville, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.36%
Estimate Property Tax Bill
$277
Ownwell’s MOSHERVILLE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MOSHERVILLE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MOSHERVILLE 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 Mosherville, Michigan
Property taxes in MOSHERVILLE, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in MOSHERVILLE is 1.44%, significantly higher than both the Michigan state median of 1.31% and the U.S. national median of 0.99%. Local government entities within MOSHERVILLE set these rates annually, and they can vary significantly across different neighborhoods. Each year, MOSHERVILLE 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 MOSHERVILLE's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49250 zip code has the highest median property tax rate of 1.44%, while the 49242 zip code has the lowest median tax rate of 1.31%. Understanding how these cities compare with MOSHERVILLE provides valuable insights into the varying tax landscape across Hillsdale County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mosherville Tax Rate
0.36%
Average Hillsdale County Tax Rate
0.41%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mosherville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49258 | 0.25% | 0.30% | 0.36% | 0.46% | 0.49% |
Source: Ownwell
Property Tax Assessment Values Across Mosherville, Michigan
In Mosher, 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 Hillsdale County Assessment Office 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 Mosher, 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 Mosher helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $243, and this same amount is also the lowest median tax bill, both found in the 49258 zip code.
Average Mosherville Assessed Value
$76,816
Average Hillsdale County Assessed Value
$141,139
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mosherville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49258 | $24,233 | $40,062 | $76,816 | $104,348 | $145,961 |
Source: Ownwell
Property Tax Bills Across Mosherville, Michigan
In Mosher, Hillsdale County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is typically a percentage of the property's market value. For example, with a median home price of $76,816, the tax bills can vary significantly. Homeowners in the 25th percentile pay around $130, while those in the 75th percentile pay approximately $422. The 90th percentile sees tax bills as high as $604. These figures indicate a range of tax burdens, reflecting the different assessed values and applicable tax rates within the city. The local tax rate is applied to the assessed value to determine the final tax bill. Various factors, such as property improvements, neighborhood changes, and local government budgets, influence the assessed value. For homeowners, understanding these factors is crucial as they directly impact the affordability and financial planning related to homeownership. Comparing these figures to the national median property tax rate of 0.99% highlights the relative tax burden in Mosher.
Average Mosherville Tax Bill
$243
Average Hillsdale County Tax Bill
$685
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Mosherville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49258 | $86 | $130 | $243 | $422 | $604 |
Source: Ownwell