Webberville, Michigan Property Taxes
The median property tax rate in Webberville, MI is 1.51%, considerably higher than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Webberville at $192,600, the typical annual property tax bill reaches $2,953, exceeding the national median of $2,690. Property taxes in Webberville 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 Webberville'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 Webberville 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
Webberville, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$2,908
$2,699
Ownwell’s Webberville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Webberville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Webberville 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 Webberville, Michigan
Property taxes in Webberville, Michigan, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Webberville is 1.51%, higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Webberville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Webberville 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 Webberville's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48892 zip code has the highest median property tax rate of 1.51%, while the 48892 zip code also has the lowest median tax rate of 1.51%. Understanding how these cities compare with Webberville 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 Webberville Tax Rate
1.51%
Average Ingham County Tax Rate
2.06%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Webberville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48819 | N/A | N/A | N/A | N/A | N/A |
| 48864 | N/A | N/A | N/A | N/A | N/A |
| 48892 | 0.88% | 1.23% | 1.51% | 1.87% | 2.16% |
Source: Ownwell
Property Tax Assessment Values Across Webberville, Michigan
In Webberville, 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 Webberville, 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. The median home price in Webberville is $192,600, with the 25th percentile tax bill at $2,307 and the 75th percentile tax bill at $3,778. Being aware of these valuation processes in Webberville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Webberville Assessed Value
$192,600
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 Webberville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48819 | N/A | N/A | N/A | N/A | N/A |
| 48864 | N/A | N/A | N/A | N/A | N/A |
| 48892 | $105,460 | $141,050 | $192,600 | $271,350 | $381,480 |
Source: Ownwell
Property Tax Bills Across Webberville, Michigan
In Webberville, located in Ingham County, MI, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the property's market value, which in Webberville is influenced by the area's median home price of $192,600. Local tax authorities then apply the tax rate to this assessed value to determine the annual tax bill. Several factors contribute to the final tax amount, including property characteristics, improvements, and local government budgets. Homeowners in Webberville can expect tax bills to vary significantly, with the 25th percentile tax bill at $2,307 and the 75th percentile reaching $3,778. For those in the 90th percentile, tax bills can be as high as $4,953. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for Webberville residents. Compared to the national median property tax rate of 0.99%, Webberville's tax rates reflect the community's specific needs and property values.
Average Webberville Tax Bill
$2,953
Average Ingham County Tax Bill
$3,019
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Webberville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48819 | N/A | N/A | N/A | N/A | N/A |
| 48864 | N/A | N/A | N/A | N/A | N/A |
| 48892 | $1,664 | $2,308 | $2,953 | $3,778 | $4,954 |
Source: Ownwell