Johannesburg, Michigan Property Taxes
The median property tax rate in Johannesburg, MI is 0.90%, 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 $82,400 in Johannesburg, the typical annual property tax bill amounts to $655, significantly below the national median of $2,690. Property taxes in Johannesburg are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Johannesburg's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Johannesburg or another part of Montmorency County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Johannesburg, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$742
Ownwell’s Johannesburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Johannesburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Johannesburg 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 Johannesburg, Michigan
Property taxes in Johannesburg, Michigan, play a crucial role in supporting essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Johannesburg is 0.90%, which is slightly below the U.S. national median of 0.99%. Local government entities in Johannesburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Johannesburg 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 Johannesburg's effective property tax rate to other areas in Michigan and the national median. For comparison, the zip code 49751 has the highest median property tax rate of 0.90%, while the same zip code also has the lowest median tax rate of 0.90%. Understanding how these areas compare with Johannesburg provides valuable insights into the varying tax landscape across Montmorency County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Johannesburg Tax Rate
0.90%
Average Montmorency County Tax Rate
0.88%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Johannesburg, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49751 | 0.46% | 0.53% | 0.90% | 1.27% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Johannesburg, Michigan
In Johannesburg, 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 Montmorency 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 Johannesburg, 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 Johannesburg is $82,400, with tax bills ranging from $334 at the 25th percentile to $1,573 at the 90th percentile. 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 Johannesburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Johannesburg Assessed Value
$82,400
Average Montmorency County Assessed Value
$94,600
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Johannesburg, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49751 | $18,520 | $42,050 | $82,400 | $140,050 | $195,140 |
Source: Ownwell
Property Tax Bills Across Johannesburg, Michigan
In Johannesburg, located in Montmorency County, MI, property tax bills are calculated based on the assessed value of a home. The assessed value is typically determined by the local tax assessor and is a percentage of the market value of the property. Homeowners in this region can expect their property tax bills to vary significantly depending on the value of their properties. For instance, the 25th percentile tax bill is $334, while the 75th percentile tax bill is $1,040, and the 90th percentile tax bill reaches $1,573. These tax bills are influenced by several factors, including the local tax rate and any applicable exemptions or deductions. The median home price in Johannesburg is $82,400, which helps contextualize these figures. Compared to the national median property tax rate of 0.99%, homeowners in Johannesburg may find their tax bills relatively manageable, though still a significant consideration in their annual budgeting. Understanding these factors helps homeowners anticipate their property tax obligations and plan accordingly.
Average Johannesburg Tax Bill
$655
Average Montmorency County Tax Bill
$728
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Johannesburg, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49751 | $167 | $334 | $655 | $1,040 | $1,573 |
Source: Ownwell