Jonesville, Michigan Property Taxes
The median property tax rate in Jonesville, MI is 0.40%, considerably lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Jonesville at $154,900, the typical annual property tax bill reaches $587, significantly below the national median of $2,690. Property taxes in Jonesville 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 Jonesville'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 Jonesville 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
Jonesville, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$620
Ownwell’s Jonesville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Jonesville with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Jonesville to provide an estimated property tax bill. This insightful tool aids in understanding potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is determined by the county for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Jonesville, Michigan
Property taxes in Jonesville, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jonesville is 1.55%, significantly higher than both the Michigan state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Jonesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jonesville 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 Jonesville'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 1.55%, while the 49249 zip code has the lowest median tax rate of 1.54%. Understanding how these cities compare with Jonesville provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jonesville Tax Rate
0.40%
Average Jackson County Tax Rate
0.86%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jonesville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49250 | 0.32% | 0.37% | 0.40% | 0.44% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Jonesville, Michigan
In Jonesville, 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 Jackson 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 Jonesville, 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 Jonesville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest and lowest median tax bill is 49250, with a median tax bill of $587.
Average Jonesville Assessed Value
$154,900
Average Jackson County Assessed Value
$149,600
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jonesville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49250 | $61,280 | $111,650 | $154,900 | $234,150 | $335,580 |
Source: Ownwell
Property Tax Bills Across Jonesville, Michigan
In Jonesville, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Jonesville is $154,900. Homeowners can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $405 and the 75th percentile at $892. For those at the higher end, the 90th percentile tax bill reaches $1,234. The property tax rate in Jonesville is influenced by various local factors, including public service funding needs, school district budgets, and municipal services. Compared to the national median property tax rate of 0.99%, Jonesville's median tax bill of $587 highlights a relatively moderate burden on homeowners. This tax bill impacts homeowners by contributing to the overall cost of homeownership, influencing decisions on buying, selling, or investing in property within the area. Understanding these factors can help homeowners better anticipate their annual expenses and plan accordingly.
Average Jonesville Tax Bill
$587
Average Jackson County Tax Bill
$1,283
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Jonesville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49250 | $253 | $405 | $587 | $892 | $1,234 |
Source: Ownwell