Grand Rapids, Kent County, Michigan Property Taxes

Name: Property Tax Bills Across Grand Rapids, Kent County, Michigan
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median GRAND RAPIDS, MI effective property tax rate: 0.92%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median GRAND RAPIDS, MI home value: $228,400
Median annual GRAND RAPIDS, MI tax bill: $2,201, $199 lower than the national median property tax bill of $2,400.

How are property taxes in Kent calculated?

Property taxes in GRAND RAPIDS, 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 GRAND RAPIDS’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in GRAND RAPIDS, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Grand Rapids, Kent County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.92%

Estimate Property Tax Bill

$2,101

$1,950

Ownwell’s Grand Rapids Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Grand Rapids with just two data points. By entering your property's estimated assessed value, our calculator applies Grand Rapids’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Kent County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Grand Rapids, Kent County, Michigan

Local government entities are responsible for setting tax rates, which can vary significantly within Michigan. Each year, Kent County estimates its budgetary needs to provide essential services and divides this amount by the total value of all taxable properties within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in determining tax rates and budgets, this process occurs annually. In Grand Rapids, located in Kent County, the effective property tax rate is notably competitive when compared to other cities in Michigan. The city’s rate is slightly below the national median property tax rate of 1.02%. Within Grand Rapids, the highest median tax rate is found in the 49506 zip code, while the lowest is in the 49525 zip code. Comparing these figures provides valuable insights into how Grand Rapids measures up against both state and national standards, highlighting its relative affordability in terms of property taxes.

Property Tax Rates Across Grand Rapids, Kent County, Michigan

Source: Ownwell

0.34%

0.84%

1.35%

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 Grand Rapids Tax Rate

0.92%

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 Grand Rapids, Kent County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49503	0.62%	0.77%	1.04%	1.39%	1.81%
49504	0.68%	0.81%	0.98%	1.28%	1.50%
49505	0.72%	0.82%	0.98%	1.24%	1.42%
49506	0.70%	0.85%	1.16%	1.46%	1.92%
49507	0.55%	0.69%	0.88%	1.16%	1.41%
49508	0.78%	0.86%	0.95%	1.18%	1.39%
49512	0.78%	0.89%	1.05%	1.23%	1.40%
49525	0.54%	0.61%	0.72%	0.88%	1.00%
49534	0.75%	0.79%	0.86%	1.05%	1.21%
49544	0.69%	0.72%	0.81%	0.97%	1.14%
49546	0.61%	0.68%	0.82%	0.96%	1.23%
49548	0.65%	0.74%	0.86%	1.08%	1.38%

Source: Ownwell

Property Tax Assessment Values Across Grand Rapids, Kent County, Michigan

When examining property taxes in Grand Rapids, 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 April. 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 Grand Rapids. For example, the median home price in Grand Rapids is $228,400, with tax bills ranging significantly across the county. Zip code 49546 has the highest median home price at $373,800.

Property Tax Assessment Values Across Grand Rapids, Kent County, Michigan

Source: Ownwell

$165,400

$316,600

$467,800

Median Grand Rapids Market Value

$228,400

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 Grand Rapids, Kent County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49503	$113,400	$148,600	$198,400	$265,600	$362,200
49504	$132,600	$163,000	$201,400	$248,200	$309,200
49505	$142,600	$172,400	$209,600	$257,400	$324,600
49506	$177,200	$234,200	$303,000	$461,400	$678,000
49507	$113,200	$136,600	$165,400	$202,800	$244,200
49508	$174,200	$206,200	$238,400	$279,000	$326,600
49512	$161,520	$230,200	$266,800	$316,000	$390,140
49525	$178,580	$219,000	$277,400	$408,950	$596,200
49534	$172,400	$213,200	$262,800	$328,000	$411,440
49544	$151,000	$199,600	$240,200	$297,800	$392,800
49546	$206,600	$280,200	$373,800	$476,600	$658,800
49548	$125,800	$148,600	$178,600	$212,400	$246,100

Source: Ownwell

Property Tax Bills Across Grand Rapids, Kent County, Michigan

In Grand Rapids, property tax bills are determined by assessing a property's market value and applying the local tax rate. Homeowners in Kent County experience a median property tax rate that is aligned with the national median of 1.02%. With a median home price of $228,400, homeowners can expect a tax bill that is competitive compared to the national median tax bill of $2,400. However, tax bills can vary significantly, with the 25th percentile paying around $1,555 and the 75th percentile paying up to $3,149. In certain areas like the 49506 zip code, the median tax bill can reach as high as $3,508, while in 49507, it can be as low as $1,508. Factors such as location, property size, and improvements can affect the assessed value, impacting the overall tax bill. Ownwell helps homeowners by identifying potential savings through property tax appeals and exemptions, ensuring they pay only what is fair and possibly reducing their financial burden.

Property Tax Bills Across Grand Rapids, Kent County, Michigan

Source: Ownwell

$760

$2,579

$4,397

Median Grand Rapids Tax Bill

$2,201

Median Kent County Tax Bill

$2,321

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Grand Rapids, Kent County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49503	$927	$1,377	$2,158	$3,363	$4,918
49504	$1,115	$1,496	$2,062	$2,808	$3,762
49505	$1,276	$1,621	$2,139	$2,791	$3,622
49506	$1,479	$2,200	$3,508	$6,283	$10,451
49507	$782	$1,045	$1,508	$2,145	$2,881
49508	$1,596	$1,923	$2,353	$2,949	$3,634
49512	$1,463	$2,247	$2,894	$3,643	$4,382
49525	$1,163	$1,510	$2,038	$3,147	$4,916
49534	$1,488	$1,833	$2,356	$3,116	$4,266
49544	$1,315	$1,590	$1,934	$2,648	$3,689
49546	$1,601	$2,236	$3,093	$4,289	$5,837
49548	$997	$1,238	$1,547	$2,007	$2,541

Source: Ownwell