Napoleon, Michigan Property Taxes
The median property tax rate in Napoleon, MI is 0.87%, which is lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $141,500 in Napoleon, the typical annual property tax bill amounts to $1,548, falling below the national median of $2,690. Property taxes in Napoleon are determined based on the tax assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Gaining a clear understanding of Napoleon's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial yearly savings. Whether you're residing in the heart of Napoleon or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Napoleon, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$1,231
$1,142
Ownwell’s Napoleon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Napoleon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Napoleon 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 Napoleon, Michigan
Property taxes in Napoleon, Michigan, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Napoleon is 0.87%, which is slightly below the U.S. national median of 0.99%. Local government entities within Napoleon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Napoleon 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 Napoleon's effective property tax rate to other counties in Michigan and the national median. For comparison, the ZIP code 49261 has both the highest and lowest median property tax rate of 0.87%. Understanding how these cities compare with Napoleon 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 Napoleon Tax Rate
0.87%
Average Jackson County Tax Rate
0.86%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Napoleon, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49261 | 0.68% | 0.73% | 0.87% | 1.28% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Napoleon, Michigan
In Napoleon, 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 Napoleon, 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 Napoleon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 49261, with a median tax bill of $1,548.
Average Napoleon Assessed Value
$141,500
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 Napoleon, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49261 | $55,460 | $108,600 | $141,500 | $197,850 | $228,420 |
Source: Ownwell
Property Tax Bills Across Napoleon, Michigan
In Napoleon, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, with a median home price of $141,500, the tax bill can vary significantly depending on the assessed value and the specific tax rate applied. Homeowners in Napoleon generally see tax bills ranging from $910 at the 25th percentile to $1,859 at the 75th percentile, with the top 10% of tax bills reaching up to $2,328. The local tax rate in Jackson County contributes to these variations. For comparison, the national median property tax rate is 0.99%. This means that while some homeowners in Napoleon might pay less than the national average, others could pay significantly more, especially those with higher-valued properties. These tax bills directly impact homeowners' annual expenses, influencing decisions related to property maintenance, improvements, and even buying or selling homes in the area.
Average Napoleon Tax Bill
$1,548
Average Jackson County Tax Bill
$1,283
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Napoleon, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49261 | $734 | $910 | $1,548 | $1,859 | $2,328 |
Source: Ownwell