Belmont, Kent County, Michigan Property Taxes
Median Belmont, MI effective property tax rate: 0.76%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Belmont, MI home value: $346,900
Median annual Belmont, MI tax bill: $2,615, $215 higher than the national median property tax bill of $2,400.
How are property taxes in Kent calculated?
Property taxes in Belmont, MI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Belmont’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Belmont, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Belmont, Kent County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.76%
Estimate Property Tax Bill
$2,636
$2,447
Property Tax Rates Across Belmont, Kent County, Michigan
Local government entities determine property tax rates, which can differ significantly within a state. Each year, counties estimate the budget necessary to fund services and divide it by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While the process involves laws and votes, this is the essence of how it works annually.
In Belmont, located in Kent County, Michigan, the effective property tax rate stands at 0.76%. This rate is notably lower than the national median property tax rate of 1.02%. When compared to other cities in Michigan, Belmont's tax rate is competitive, offering residents a more affordable option for property taxation. The median property tax bill here is also below the national median of $2,400, making Belmont an attractive location for potential homeowners.
Understanding these rates can help you make informed decisions about property investments and budget planning. Whether you're a current homeowner or considering a move to Belmont, knowing the local tax implications is crucial for financial planning.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Belmont Tax Rate
0.76%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Kent County Tax Rate
0.89%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Belmont, Kent County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49306 | 0.58% | 0.65% | 0.76% | 0.91% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Belmont, Kent County, Michigan
When examining property taxes in Belmont, MI, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Kent County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Kent County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Belmont.
For example, the median home price in Belmont is $346,900, with tax bills ranging significantly across the county. Zip code 49306 has the highest median home price at $346,900.
Property Tax Assessment Values Across Belmont, Kent County, Michigan
Source: Ownwell
$165,400
$316,600
$467,800
Median Belmont Market Value
$346,900
Median Kent County Market Value
$248,400
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Belmont, Kent County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49306 | $211,980 | $266,450 | $346,900 | $456,800 | $571,640 |
Source: Ownwell
Property Tax Bills Across Belmont, Kent County, Michigan
Median Belmont Tax Bill
$2,615
Median Kent County Tax Bill
$2,321
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Belmont, Kent County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49306 | $1,449 | $1,859 | $2,615 | $3,873 | $4,953 |
Source: Ownwell