Augusta, Michigan Property Taxes
The median property tax rate in Augusta, 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 Augusta, the typical annual property tax bill reaches $996, significantly below the national median of $2,690. Property taxes in Augusta 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 Augusta'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 Augusta 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
Augusta, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$962
Ownwell’s Augusta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Augusta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Augusta 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 Augusta, Michigan
Property taxes in Augusta, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Augusta is 0.40%, which is lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Augusta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Augusta 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 Augusta's effective property tax rate to other counties in Michigan and the national median. For comparison, the zip code 49012 has the highest median property tax rate of 0.40%, while the same zip code also has the lowest median tax rate of 0.40%. Understanding how these areas compare with Augusta provides valuable insights into the varying tax landscape across Kalamazoo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Augusta Tax Rate
0.40%
Average Kalamazoo County Tax Rate
0.87%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Augusta, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49012 | 0.30% | 0.35% | 0.40% | 0.46% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Augusta, Michigan
In Augusta, 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 Kalamazoo 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 Augusta, 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 Augusta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 49012 has the highest and lowest median tax bill, both at $996.
Average Augusta Assessed Value
$240,600
Average Kalamazoo County Assessed Value
$197,650
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Augusta, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49012 | $106,000 | $155,200 | $240,600 | $387,200 | $577,800 |
Source: Ownwell
Property Tax Bills Across Augusta, Michigan
In Augusta, MI, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. Homeowners in Kalamazoo County, where Augusta is located, experience a range of tax bills. The median home price in this area is $240,600. For properties at the 25th percentile, the tax bill is around $588, while those at the 75th percentile see tax bills closer to $1,654. At the 90th percentile, homeowners might face tax bills as high as $2,528. The highest and lowest median tax bills in the area are both $996, found in the zip code 49012. These tax bills are influenced by various factors, including local tax rates, property assessments, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Augusta's rates can significantly impact homeowners, affecting their annual expenses and overall financial planning. Understanding these factors can help residents better anticipate and manage their property tax obligations.
Average Augusta Tax Bill
$996
Average Kalamazoo County Tax Bill
$1,531
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Augusta, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49012 | $399 | $588 | $996 | $1,654 | $2,528 |
Source: Ownwell