Brown City, Michigan Property Taxes
The median property tax rate in Brown City, MI is 0.31%, significantly lower than both the national median of 0.99% and Michigan's state median of 1.07%. With a median home value of $197,600 in Brown City, the typical annual property tax bill amounts to $618, well below the national median of $2,690. Property taxes in Brown City are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Brown City'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 Brown City or another part of Lapeer County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brown City, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.31%
Estimate Property Tax Bill
$613
$568
Ownwell’s Brown City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brown City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brown City 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 Brown City, Michigan
Property taxes in Brown City, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brown City is 0.31%, which is significantly lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Brown City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brown City 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 Brown City's effective property tax rate to other counties in Michigan and the national median. For comparison, the highest median property tax rate in Michigan is found in 48009 with a rate of 2.25%, while the lowest median tax rate is in 48856 with a rate of 0.28%. Understanding how these cities compare with Brown City provides valuable insights into the varying tax landscape across Lapeer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brown City Tax Rate
0.31%
Average Lapeer County Tax Rate
0.37%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brown City, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48416 | 0.24% | 0.29% | 0.31% | 0.38% | 0.46% |
Source: Ownwell
Property Tax Assessment Values Across Brown City, Michigan
In Brown City, 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 Lapeer 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 Brown City, 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. The median home price in Brown City is $197,600, with tax bills ranging from $429 at the 25th percentile to $1,120 at the 90th percentile. The highest and lowest median tax bills are both $618, found in zip code 48416. 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 Brown City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brown City Assessed Value
$197,600
Average Lapeer County Assessed Value
$215,800
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brown City, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48416 | $50,960 | $135,200 | $197,600 | $256,800 | $319,440 |
Source: Ownwell
Property Tax Bills Across Brown City, Michigan
In Brown City, located in Lapeer County, MI, property tax bills are calculated based on the assessed value of a home, which is typically determined by local assessors. The assessed value is a percentage of the market value of the property. Homeowners in Brown City face a median property tax bill of $618, which is notably lower than the national median property tax rate of 0.99%. Several factors contribute to the final tax bill, including the home's assessed value, local tax rates, and any applicable exemptions. For instance, the tax bill at the 25th percentile is $429, while at the 75th percentile, it rises to $828, and at the 90th percentile, it reaches $1120. These property taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting the quality of life in the community. Homeowners should regularly review their property assessments and understand the local tax rates to ensure they are paying a fair amount.
Average Brown City Tax Bill
$618
Average Lapeer County Tax Bill
$858
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Brown City, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48416 | $182 | $429 | $618 | $828 | $1,120 |
Source: Ownwell