South Boardman, Michigan Property Taxes
The median property tax rate in South Boardman, MI is 0.77%, which is notably lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $139,200 in South Boardman, the typical annual property tax bill amounts to $1,070, falling well below the national median of $2,690. Property taxes in South Boardman are calculated based on the assessed value, which often comes in lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of South Boardman’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 South Boardman or another part of the city, being well-versed in the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
South Boardman, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$1,072
$995
Ownwell’s SOUTH BOARDMAN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SOUTH BOARDMAN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SOUTH BOARDMAN 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 South Boardman, Michigan
Property taxes in South Boardman, Michigan, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in South Boardman is 0.77%, which is lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within South Boardman set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Boardman 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 South Boardman's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49680 zip code has the highest median property tax rate of 0.77%, while the same zip code also has the lowest median tax rate of 0.77%. Understanding how these cities compare with South Boardman provides valuable insights into the varying tax landscape across Kalkaska County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average South Boardman Tax Rate
0.77%
Average Kalkaska County Tax Rate
0.93%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Boardman, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49680 | 0.53% | 0.64% | 0.77% | 1.08% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across South Boardman, Michigan
In South Boardman, 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 Kalkaska 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 South Boardman, 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 South Boardman helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 49680 has the highest median tax bill at $1,070, which is essential information for homeowners looking to understand their potential tax liabilities.
Property Tax Assessment Values Across South Boardman, Michigan
Source: Ownwell
$127,200
$222,700
$318,200
Average South Boardman Assessed Value
$139,200
Average Kalkaska County Assessed Value
$137,400
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across South Boardman, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49680 | $46,800 | $83,100 | $139,200 | $200,400 | $264,240 |
Source: Ownwell
Property Tax Bills Across South Boardman, Michigan
In South Boardman, located in Kalkaska County, MI, property tax bills are calculated based on the assessed value of a property, which is typically 50% of its market value. For instance, with a median home price of $139,200, the assessed value would be approximately $69,600. The property tax rate in this region then applies to the assessed value to determine the tax bill. Several factors influence this calculation, including local government budgets, school district funding needs, and public service requirements. Homeowners in South Boardman see a wide range of tax bills. At the 25th percentile, the tax bill is $671, while at the 75th percentile, it reaches $1,661, and at the 90th percentile, it can go up to $2,402. The median tax bill stands at $1,070, which is slightly above the national median property tax rate of 0.99%. These taxes significantly impact homeowners, contributing to the funding of essential community services such as education, emergency services, and infrastructure maintenance.
Average South Boardman Tax Bill
$1,070
Average Kalkaska County Tax Bill
$1,200
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across South Boardman, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49680 | $411 | $671 | $1,070 | $1,661 | $2,402 |
Source: Ownwell