Kinde, Michigan Property Taxes
The median property tax rate in Kinde, MI is 0.96%, slightly below both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $89,000 in Kinde, the typical annual property tax bill amounts to $899, which is significantly lower than the national median of $2,690. Property taxes in Kinde are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Navigating Kinde's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Kinde 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
Kinde, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$854
$793
Ownwell’s Kinde Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kinde with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kinde 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 Kinde, Michigan
Property taxes in Kinde, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kinde is 0.96%, slightly below the U.S. national median of 0.99%. Local government entities within Kinde set these rates annually, and they can vary across different neighborhoods. Each year, Kinde 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 Kinde's effective property tax rate to other areas in Michigan and the national median. For comparison, the zip code 48445 has both the highest and lowest median property tax rate of 0.96%. Understanding how these areas compare with Kinde provides valuable insights into the varying tax landscape across Huron County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kinde Tax Rate
0.96%
Average Huron County Tax Rate
1.19%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kinde, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48445 | 0.73% | 0.84% | 0.96% | 1.32% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Kinde, Michigan
In Kinde, 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 Huron 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 Kinde, 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 Kinde helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Interestingly, the highest and lowest median tax bills in Kinde are both $899.00, found in the 48445 zip code.
Average Kinde Assessed Value
$89,000
Average Huron County Assessed Value
$119,000
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kinde, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48445 | $37,680 | $56,150 | $89,000 | $148,550 | $211,740 |
Source: Ownwell
Property Tax Bills Across Kinde, Michigan
In Kinde, located in Huron 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 price of $89,000, the assessed value would be around $44,500. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as local government budgets, school funding, and public services influence the tax rate. For homeowners in Kinde, property taxes can vary significantly. The 25th percentile tax bill is $625, while the 75th percentile reaches $1,447, and the 90th percentile can go up to $2,195. This range highlights the variability in tax burdens depending on property values and specific local tax rates. Compared to the national median property tax rate of 0.99%, Kinde's tax rates can be considered moderate, affecting homeowners by contributing to the overall cost of homeownership and potentially influencing the affordability and desirability of properties in the area.
Average Kinde Tax Bill
$899
Average Huron County Tax Bill
$1,405
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Kinde, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48445 | $410 | $625 | $899 | $1,447 | $2,195 |
Source: Ownwell