Dansville, Michigan Property Taxes
The median property tax rate in Dansville, MI is 1.43%, considerably higher than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Dansville at $220,400, the typical annual property tax bill reaches $3,062, exceeding the national median of $2,690. Property taxes in Dansville 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 Dansville'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 Dansville 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
Dansville, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$3,152
Ownwell’s Dansville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dansville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dansville 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 Dansville, Michigan
Property taxes in Dansville, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dansville is 1.43%, significantly higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Dansville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dansville 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 Dansville's effective property tax rate to other areas in Michigan and the national median. For comparison, the 48819 zip code has the highest median property tax rate of 1.43%, while the same zip code also has the lowest median tax rate of 1.43%. Understanding how these cities compare with Dansville provides valuable insights into the varying tax landscape across Ingham County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dansville Tax Rate
1.43%
Average Ingham County Tax Rate
2.06%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dansville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48819 | 0.81% | 1.12% | 1.43% | 1.66% | 1.99% |
Source: Ownwell
Property Tax Assessment Values Across Dansville, Michigan
In Dansville, 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 Ingham 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 Dansville, 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 Dansville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Dansville is $3,062 in the 48819 zip code, while the lowest is also $3,062 in the same zip code.
Average Dansville Assessed Value
$220,400
Average Ingham County Assessed Value
$152,200
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dansville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48819 | $113,500 | $168,525 | $220,400 | $284,950 | $383,800 |
Source: Ownwell
Property Tax Bills Across Dansville, Michigan
In Dansville, located in Ingham County, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The median home price in Dansville is $220,400, and the property tax rate is applied to this assessed value. Several factors influence the tax bill, including the property's location, its assessed value, and any applicable exemptions or deductions. Homeowners in Dansville can expect varying tax bills. For instance, the 25th percentile tax bill is $2,135, while the 75th percentile tax bill reaches $4,031. At the 90th percentile, homeowners might see tax bills as high as $4,998. The highest median tax bill in the area is $3,062, found in the 48819 zip code. These property taxes fund essential local services, such as schools, emergency services, and infrastructure maintenance, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, Dansville's property tax bills reflect the local economic conditions and public service needs.
Average Dansville Tax Bill
$3,062
Average Ingham County Tax Bill
$3,019
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Dansville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48819 | $1,422 | $2,135 | $3,062 | $4,031 | $4,998 |
Source: Ownwell