Belding, Kent County, Michigan Property Taxes
The median property tax rate in Belding, MI is 0.85%, which is lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Belding at $272,400, the typical annual property tax bill amounts to $2,450, slightly below the national median of $2,690. Property taxes in Belding are determined based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Belding'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 Belding or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Belding, Kent County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$2,315
$2,149
Ownwell’s Belding Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Belding with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belding 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 Belding, Kent County, Michigan
Property taxes in Belding, Michigan, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Belding is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Belding set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belding 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 Belding's effective property tax rate to other counties in Michigan and the national median. For comparison, the zip code 48809 has both the highest and lowest median property tax rate of 0.85%. Understanding how these cities compare with Belding provides valuable insights into the varying tax landscape across Kent County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belding Tax Rate
0.85%
Average Kent County Tax Rate
0.89%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belding, Kent County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48809 | 0.66% | 0.76% | 0.85% | 1.02% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Belding, Kent County, Michigan
In Belding, 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 Kent 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 Belding, 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 Belding helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the 48809 zip code are both $2,450, providing a consistent reference point for property owners in the area.
Property Tax Assessment Values Across Belding, Kent County, Michigan
Source: Ownwell
$165,400
$316,600
$467,800
Average Belding Assessed Value
$272,400
Average Kent County Assessed Value
$248,400
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belding, Kent County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48809 | $146,240 | $195,600 | $272,400 | $413,100 | $558,000 |
Source: Ownwell
Property Tax Bills Across Belding, Kent County, Michigan
In Belding, Kent County, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For example, with a median home price of $272,400, homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rate applied. Several factors influence the final tax bill, including property location, local government budgets, and any applicable exemptions or deductions. In Belding, the 25th percentile of tax bills is $1,627, while the 75th percentile reaches $3,646, and the 90th percentile peaks at $5,118. The highest and lowest median tax bills in the area, both at $2,450, reflect the uniformity in tax assessments within the 48809 zip code. These tax bills significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Understanding how these factors interplay can help homeowners anticipate and manage their property tax obligations effectively.
Average Belding Tax Bill
$2,450
Average Kent County Tax Bill
$2,321
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Belding, Kent County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48809 | $1,154 | $1,627 | $2,450 | $3,646 | $5,118 |
Source: Ownwell