Hudson, Michigan Property Taxes
The median property tax rate in Hudson, MI is 1.22%, considerably higher than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Hudson at $127,400, the typical annual property tax bill reaches $1,548, exceeding the national median of $2,690. Property taxes in Hudson 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 Hudson'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 Hudson 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
Hudson, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$1,554
$1,442
Ownwell’s Hudson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hudson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hudson 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 Hudson, Michigan
Property taxes in Hudson, Michigan, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Hudson is 1.22%, higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Hudson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hudson 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 Hudson's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49247 zip code has the highest median property tax rate of 1.22%, while the same zip code also has the lowest median tax rate of 1.22%. Understanding how these cities compare with Hudson provides valuable insights into the varying tax landscape across Lenawee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hudson Tax Rate
1.22%
Average Lenawee County Tax Rate
1.14%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hudson, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49247 | 0.70% | 0.93% | 1.22% | 1.51% | 1.99% |
Source: Ownwell
Property Tax Assessment Values Across Hudson, Michigan
In Hudson, 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 Lenawee 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 Hudson, 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 Hudson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 49247 at $1548, which is also the lowest in the area.
Average Hudson Assessed Value
$127,400
Average Lenawee County Assessed Value
$168,800
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hudson, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49247 | $59,800 | $83,950 | $127,400 | $213,450 | $335,300 |
Source: Ownwell
Property Tax Bills Across Hudson, Michigan
In Hudson, located in Lenawee County, MI, property tax bills are determined based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Hudson is $127,400, and property taxes are calculated using the local tax rate applied to this assessed value. Factors such as property size, location, and any improvements made to the property can influence the assessed value. Homeowners in Hudson can expect varying tax bills, with the 25th percentile paying around $1,064 and the 75th percentile facing bills up to $2,347. At the 90th percentile, tax bills can reach as high as $3,592. Compared to the national median property tax rate of 0.99%, Hudson's property tax rates reflect the local economic conditions and municipal budget requirements. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents.
Average Hudson Tax Bill
$1,548
Average Lenawee County Tax Bill
$2,184
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Hudson, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49247 | $739 | $1,064 | $1,548 | $2,347 | $3,592 |
Source: Ownwell