Webberville, Michigan Property Taxes
The median property tax rate in Webberville, 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 $274,550 in Webberville, the typical annual property tax bill amounts to $2,411, which is below the national median of $2,690. Property taxes in Webberville are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Webberville'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 Webberville 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
Webberville, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$2,334
Ownwell’s Webberville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Webberville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Webberville 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 Webberville, Michigan
Property taxes in Webberville, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Webberville is 1.54%, significantly higher than both the Michigan state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Webberville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Webberville 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 Webberville's effective property tax rate to other counties in Michigan and the national median. For comparison, the highest median property tax rate in the region is also 1.54%, while the lowest median tax rate is 1.54%. Understanding how these cities compare with Webberville provides valuable insights into the varying tax landscape across Ingham County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Webberville 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 Webberville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48892 | 0.69% | 0.75% | 0.85% | 1.00% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Webberville, Michigan
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Webberville, Michigan. 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 local assessment authority 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. 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. Notably, Webberville has the same highest and lowest median tax bill, both at $2,411 in zip code 48892, which is above the national median property tax rate of 0.99%. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Webberville Assessed Value
$274,550
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 Webberville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48892 | $167,900 | $206,670 | $274,550 | $334,800 | $394,200 |
Source: Ownwell
Property Tax Bills Across Webberville, Michigan
In Webberville, located in Livingston County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is typically a percentage of the market value of the property. For instance, with a median home price of $274,550, the property tax rate in Webberville is influenced by various factors including local tax rates and any applicable exemptions. The tax bill can vary significantly among homeowners. The 25th percentile tax bill is $1,841, while the 75th percentile tax bill reaches $2,982, and the 90th percentile tax bill climbs to $3,577. This range indicates that homeowners with higher property values or fewer exemptions can expect to pay more in property taxes. The highest median tax bill in the area is $2,411, found in the 48892 zip code, which is also the lowest median tax bill, reflecting a consistent rate within this locality. Compared to the national median property tax rate of 0.99%, Webberville's property taxes reflect the broader economic conditions and local government funding needs.
Average Webberville Tax Bill
$2,411
Average Livingston County Tax Bill
$2,949
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Webberville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48892 | $1,209 | $1,841 | $2,411 | $2,982 | $3,577 |
Source: Ownwell