Kalamazoo, Kalamazoo County, Michigan Property Taxes
The median property tax rate in Kalamazoo, MI is 0.74%, considerably lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Kalamazoo at $176,800, the typical annual property tax bill reaches $1,167, well below the national median of $2,690. Property taxes in Kalamazoo 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 Kalamazoo'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 Kalamazoo 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
Kalamazoo, Kalamazoo County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$1,308
$1,214
Ownwell’s Kalamazoo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kalamazoo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kalamazoo 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 Kalamazoo, Kalamazoo County, Michigan
Property taxes in Kalamazoo, Michigan, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kalamazoo is 0.74%, which is lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Kalamazoo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kalamazoo 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 Kalamazoo's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49008 zip code has the highest median property tax rate of 1.08%, while the 49009 zip code has the lowest median tax rate of 0.44%. Understanding how these cities compare with Kalamazoo 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 Kalamazoo Tax Rate
0.74%
Average Kalamazoo County Tax Rate
0.87%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kalamazoo, Kalamazoo County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49001 | 0.75% | 0.85% | 0.95% | 1.23% | 1.44% |
| 49004 | 0.32% | 0.38% | 0.54% | 1.02% | 1.64% |
| 49006 | 0.31% | 0.34% | 0.45% | 1.06% | 1.38% |
| 49007 | 0.62% | 0.79% | 0.95% | 1.29% | 1.58% |
| 49008 | 0.83% | 0.93% | 1.08% | 1.26% | 1.43% |
| 49009 | 0.35% | 0.39% | 0.44% | 0.49% | 0.54% |
| 49048 | 0.35% | 0.47% | 0.81% | 1.00% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Kalamazoo, Kalamazoo County, Michigan
In Kalamazoo, 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 Kalamazoo, 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. For instance, the highest median tax bill in Kalamazoo is $2,116 in the 49008 zip code, while the lowest is $810 in the 49006 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Kalamazoo, Kalamazoo County, Michigan
Source: Ownwell
$78,800
$232,650
$386,500
Average Kalamazoo Assessed Value
$176,800
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 Kalamazoo, Kalamazoo County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49001 | $62,000 | $77,200 | $111,800 | $161,200 | $203,300 |
| 49004 | $87,800 | $116,350 | $160,200 | $225,800 | $292,730 |
| 49006 | $80,800 | $140,800 | $182,400 | $219,400 | $270,360 |
| 49007 | $47,200 | $57,800 | $78,800 | $129,250 | $194,540 |
| 49008 | $89,800 | $123,900 | $186,400 | $276,600 | $388,680 |
| 49009 | $158,200 | $213,600 | $290,200 | $400,600 | $527,600 |
| 49048 | $57,100 | $83,200 | $128,600 | $196,800 | $268,200 |
Source: Ownwell
Property Tax Bills Across Kalamazoo, Kalamazoo County, Michigan
In Kalamazoo, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as the home's location, size, and condition play a significant role in the assessed value. For instance, the median home price in Kalamazoo is $176,800. Homeowners in this region can expect their tax bills to vary widely. For example, the 25th percentile tax bill is around $730, while the 75th percentile tax bill reaches $1,897. Those at the higher end, in the 90th percentile, might see bills as high as $2,794. The highest median tax bill recorded in ZIP code 49008 stands at $2,116, whereas the lowest median tax bill in ZIP code 49006 is $810. With the national median property tax rate at 0.99%, understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Kalamazoo Tax Bill
$1,167
Average Kalamazoo County Tax Bill
$1,531
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Kalamazoo, Kalamazoo County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49001 | $557 | $746 | $1,174 | $1,716 | $2,233 |
| 49004 | $311 | $709 | $1,044 | $1,602 | $2,542 |
| 49006 | $476 | $608 | $810 | $1,850 | $2,923 |
| 49007 | $385 | $550 | $857 | $1,369 | $2,150 |
| 49008 | $875 | $1,231 | $2,116 | $3,189 | $4,509 |
| 49009 | $632 | $893 | $1,283 | $1,841 | $2,533 |
| 49048 | $303 | $488 | $986 | $1,753 | $2,487 |
Source: Ownwell