Dorr, Michigan Property Taxes
The median property tax rate in Dorr, MI is 0.68%, notably lower than both the national median of 0.99% and Michigan's state median of 1.07%. With the median home value in Dorr at $175,200, the typical annual property tax bill is $1,216, which is substantially below the national median of $2,690. Property taxes in Dorr are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Dorr'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 Dorr 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
Dorr, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$1,191
$1,106
Ownwell’s Dorr Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dorr with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dorr 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 Dorr, Michigan
Property taxes in Dorr, Michigan, play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Dorr is 1.62%, significantly higher than both the Michigan state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Dorr set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dorr 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 Dorr's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49323 zip code has the highest median property tax rate of 1.62%, while the same zip code also has the lowest median tax rate of 1.62%. Understanding how these cities compare with Dorr provides valuable insights into the varying tax landscape across Allegan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dorr Tax Rate
0.68%
Average Kent County Tax Rate
0.89%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dorr, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49323 | 0.58% | 0.62% | 0.68% | 0.74% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Dorr, Michigan
In Dorr, 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 Dorr, 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 Dorr helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in zip code 49323 is $1,216, while the lowest median tax bill in the same zip code is also $1,216.
Average Dorr Assessed Value
$175,200
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 Dorr, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49323 | $156,320 | $163,400 | $175,200 | $187,000 | $194,080 |
Source: Ownwell
Property Tax Bills Across Dorr, Michigan
In Dorr, MI, property tax bills are calculated based on the assessed value of a home, which is typically determined by the local tax assessor. This assessed value is a percentage of the property's market value. The tax rate, applied to this assessed value, is set by local government entities and can vary depending on the needs of the community, such as funding for schools and infrastructure. For example, in Dorr, the median home price is $175,200. Homeowners in the 25th percentile of tax bills pay approximately $1,032, while those in the 75th percentile pay around $1,400. The 90th percentile tax bill is about $1,511. These figures highlight the range of property tax burdens within the community. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax rates. For homeowners, these property taxes are a significant part of annual expenses, influencing overall affordability and financial planning.
Average Dorr Tax Bill
$1,216
Average Kent County Tax Bill
$2,321
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Dorr, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49323 | $921 | $1,032 | $1,216 | $1,400 | $1,511 |
Source: Ownwell