Marcellus, Michigan Property Taxes
The median property tax rate in Marcellus, MI is 0.42%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $55,000 in Marcellus, the typical annual property tax bill amounts to $243, well below the national median of $2,690. Property taxes in Marcellus are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Marcellus's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Marcellus or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Marcellus, Michigan Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$2,140
Ownwell’s Marcellus Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marcellus with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marcellus 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 Marcellus, Michigan
Property taxes in Marcellus, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marcellus is 0.42%, which is lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Marcellus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marcellus 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 Marcellus's effective property tax rate to other counties in Michigan and the national median. For comparison, the zip code 49067 has both the highest and lowest median property tax rate of 0.42%. Understanding how these areas compare with Marcellus 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 Marcellus Tax Rate
0.42%
Average Kalamazoo County Tax Rate
0.87%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marcellus, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49067 | 0.35% | 0.38% | 0.42% | 0.43% | 0.44% |
Source: Ownwell
Property Tax Assessment Values Across Marcellus, Michigan
In Marcellus, 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 Marcellus, 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 Marcellus helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 49067 at $243, which is also the lowest median tax bill in the area.
Average Marcellus Assessed Value
$55,000
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 Marcellus, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49067 | $46,840 | $49,900 | $55,000 | $155,100 | $215,160 |
Source: Ownwell
Property Tax Bills Across Marcellus, Michigan
Property tax bills in Marcellus, MI, within Kalamazoo County, are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Marcellus is $55,000. Local tax rates are applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Marcellus, tax bills can vary significantly. For instance, the 25th percentile tax bill is $196, while the 75th percentile tax bill is $662, and at the 90th percentile, it reaches $913. This means that while some homeowners pay relatively low property taxes, others may face higher bills depending on their property's assessed value. The highest and lowest median tax bills in the area are both $243, indicating a relatively uniform tax rate within the specific zip code 49067. These property taxes directly impact homeowners' annual expenses and can influence decisions on property investments and home improvements.
Average Marcellus Tax Bill
$243
Average Kalamazoo County Tax Bill
$1,531
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Marcellus, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49067 | $168 | $196 | $243 | $662 | $913 |
Source: Ownwell