Byron Center, Michigan Property Taxes
The median property tax rate in Byron Center, MI is 0.77%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $337,600 in Byron Center, the typical annual property tax bill reaches $2,552, which is below the national median of $2,690. Property taxes in Byron Center are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Byron Center'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 Byron Center 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
Byron Center, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$2,600
Ownwell’s Byron Center Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Byron Center with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Byron Center 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 Byron Center, Michigan
Property taxes in Byron Center, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Byron Center is 0.77%, lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Byron Center set these rates annually, and they can vary significantly across different neighborhoods. Each year, Byron Center 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 Byron Center's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49315 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 Byron Center 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 Byron Center Tax Rate
0.77%
Average Kent County Tax Rate
0.89%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Byron Center, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49315 | 0.62% | 0.67% | 0.77% | 0.91% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Byron Center, Michigan
In Byron Center, 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 Byron Center, 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. With a median home price of $337,600, the median tax bill in Byron Center is $2,552, which is relatively high compared to the national median property tax rate of 0.99%. Being aware of these valuation processes in Byron Center helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Byron Center Assessed Value
$337,600
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 Byron Center, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49315 | $202,760 | $250,400 | $337,600 | $440,200 | $573,880 |
Source: Ownwell
Property Tax Bills Across Byron Center, Michigan
In Byron Center, Kent 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 $337,600, the assessed value would be around $168,800. Property tax rates in Byron Center are influenced by local government budgets, school district funding, and other municipal needs. These rates are then applied to the assessed value to determine the tax bill. Homeowners in Byron Center can expect varying tax bills, with the 25th percentile at approximately $1,806, the 75th percentile around $3,621, and the 90th percentile reaching up to $4,802. These amounts reflect the range of property values and tax rates in the area. Compared to the national median property tax rate of 0.99%, Byron Center's rates can significantly impact homeowners' annual expenses, making it crucial for property owners to understand how their tax bills are determined and to explore potential exemptions or appeals if necessary.
Average Byron Center Tax Bill
$2,552
Average Kent County Tax Bill
$2,321
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Byron Center, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49315 | $1,430 | $1,806 | $2,552 | $3,621 | $4,802 |
Source: Ownwell