Fowlerville, Michigan Property Taxes
The median property tax rate in Fowlerville, MI is 0.85%, which is lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $253,537 in Fowlerville, the typical annual property tax bill amounts to $2,205, which is below the national median of $2,690. Property taxes in Fowlerville are calculated based on the tax assessed value, often less than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Fowlerville'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 Fowlerville or another part of Livingston County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fowlerville, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$2,155
Ownwell’s Fowlerville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fowlerville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fowlerville 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 Fowlerville, Michigan
Property taxes in Fowlerville, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fowlerville is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Fowlerville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fowlerville 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 Fowlerville's effective property tax rate to other areas in Michigan and the national median. For comparison, the 48836 zip code has both the highest and lowest median property tax rate of 0.85%. Understanding how these cities compare with Fowlerville provides valuable insights into the varying tax landscape across Livingston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fowlerville Tax Rate
0.85%
Average Livingston County Tax Rate
0.91%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fowlerville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48836 | 0.65% | 0.75% | 0.85% | 1.03% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Fowlerville, Michigan
In Fowlerville, 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 Livingston 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 Fowlerville, 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 Fowlerville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2205 in the 48836 zip code, which is also the lowest median tax bill, highlighting a uniformity in property tax assessments within the region.
Average Fowlerville Assessed Value
$253,537
Average Livingston County Assessed Value
$315,781
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fowlerville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48836 | $153,723 | $204,358 | $253,537 | $315,222 | $398,017 |
Source: Ownwell
Property Tax Bills Across Fowlerville, Michigan
In Fowlerville, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is typically a percentage of the market value of the property. Homeowners in Fowlerville, located in Livingston County, can expect their property tax bills to reflect this assessed value multiplied by the local tax rate. For context, the national median property tax rate is 0.99%. Several factors influence the final tax bill, including the property's location, size, and condition. In Fowlerville, the median home price is $253,537, leading to varying tax bills across different percentiles. For instance, the 25th percentile tax bill is $1,673, while the 75th percentile reaches $2,853, and the 90th percentile can go up to $3,570. Homeowners in the zip code 48836 experience a median tax bill of $2,205, which is consistent across the board. Understanding these factors helps homeowners anticipate their property tax obligations and plan their finances accordingly.
Average Fowlerville Tax Bill
$2,205
Average Livingston County Tax Bill
$2,949
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Fowlerville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48836 | $1,260 | $1,673 | $2,205 | $2,853 | $3,570 |
Source: Ownwell