Coopersville, Michigan Property Taxes
The median property tax rate in Coopersville, MI is 0.39%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Coopersville at $209,800, the typical annual property tax bill is $845, which is well below the national median of $2,690. Property taxes in Coopersville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Coopersville'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 Coopersville or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Coopersville, Michigan Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$2,140
Ownwell’s Coopersville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Coopersville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coopersville 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 Coopersville, Michigan
Property taxes in Coopersville, Michigan, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coopersville is 1.60%, significantly higher than both the Michigan state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Coopersville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coopersville 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 Coopersville'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 48105 with a rate of 2.06%, while the lowest median tax rate is in 49047 at 1.06%. Understanding how these cities compare with Coopersville provides valuable insights into the varying tax landscape across Muskegon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Coopersville Tax Rate
0.39%
Average Muskegon County Tax Rate
0.47%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coopersville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49404 | 0.31% | 0.35% | 0.39% | 0.43% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Coopersville, Michigan
In Coopersville, 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 Muskegon 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 Coopersville, 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 Coopersville 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 49404 at $845, which is also the lowest median tax bill in the area.
Average Coopersville Assessed Value
$209,800
Average Muskegon County Assessed Value
$163,000
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coopersville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49404 | $133,380 | $170,450 | $209,800 | $255,750 | $367,680 |
Source: Ownwell
Property Tax Bills Across Coopersville, Michigan
In Coopersville, Muskegon County, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Coopersville is $209,800. Local tax authorities then apply the property tax rate to this assessed value to determine the annual tax bill. Factors such as local government budgets, school funding requirements, and public service needs influence the tax rate. Homeowners in Coopersville can expect their property tax bills to vary widely. For instance, the 25th percentile tax bill is around $615, while the 75th percentile tax bill reaches approximately $1020. At the 90th percentile, homeowners might pay as much as $1633. These variations reflect differences in property values and specific local tax rates. Compared to the national median property tax rate of 0.99%, Coopersville's tax rates can be seen as relatively moderate. Understanding these factors helps homeowners anticipate their annual expenses and plan their budgets accordingly.
Average Coopersville Tax Bill
$845
Average Muskegon County Tax Bill
$841
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Coopersville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49404 | $488 | $615 | $845 | $1,020 | $1,633 |
Source: Ownwell