Muskegon, Michigan Property Taxes
The median property tax rate in Muskegon, MI is 0.40%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $134,200 in Muskegon, the typical annual property tax bill is around $604, which is considerably less than the national median of $2,690. Property taxes in Muskegon are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Muskegon'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 Muskegon or another part of the city, being informed about the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Muskegon, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$537
$498
Ownwell’s Muskegon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Muskegon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Muskegon 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 Muskegon, Michigan
Property taxes in Muskegon, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Muskegon is 0.40%, significantly lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Muskegon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Muskegon 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 Muskegon's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49444 zip code has the highest median property tax rate of 1.37%, while the same zip code also has the lowest median tax rate of 1.37%. Understanding how these areas compare with Muskegon 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 Muskegon Tax Rate
0.40%
Average Muskegon County Tax Rate
0.47%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Muskegon, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49440 | 0.22% | 0.28% | 0.39% | 0.58% | 0.59% |
| 49441 | 0.26% | 0.30% | 0.37% | 0.51% | 0.59% |
| 49442 | 0.28% | 0.30% | 0.34% | 0.42% | 0.52% |
| 49444 | 0.69% | 0.82% | 1.37% | 2.01% | 2.49% |
| 49445 | 0.32% | 0.35% | 0.39% | 0.47% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Muskegon, Michigan
In Muskegon, 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. 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. For instance, the median home price in Muskegon is $134,200. The highest median tax bill is in the 49444 zip code at $951, while the lowest is in the 49442 zip code at $393. 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 Muskegon Assessed Value
$134,200
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 Muskegon, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49440 | $50,000 | $87,450 | $138,600 | $255,400 | $413,800 |
| 49441 | $64,060 | $95,400 | $138,600 | $193,400 | $272,200 |
| 49442 | $53,800 | $73,800 | $111,000 | $162,400 | $230,600 |
| 49444 | $22,200 | $33,200 | $62,400 | $186,800 | $270,800 |
| 49445 | $101,800 | $142,200 | $198,800 | $280,600 | $411,200 |
Source: Ownwell
Property Tax Bills Across Muskegon, Michigan
In Muskegon, MI, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. This assessed value is a percentage of the property's market value. Homeowners in Muskegon typically see a range of property tax bills depending on several factors, including the property's location and value. For example, the median home price in Muskegon is $134,200. Tax bills can vary significantly, with the 25th percentile tax bill at $354 and the 75th percentile tax bill at $995. The highest median tax bill in the area is $951 in the 49444 zip code, while the lowest is $393 in the 49442 zip code. Compared to the national median property tax rate of 0.99%, Muskegon's rates can be quite variable, affecting homeowners differently based on their specific circumstances. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan accordingly.
Average Muskegon Tax Bill
$604
Average Muskegon County Tax Bill
$841
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Muskegon, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49440 | $234 | $293 | $576 | $865 | $1,776 |
| 49441 | $212 | $328 | $507 | $888 | $1,343 |
| 49442 | $180 | $252 | $393 | $615 | $927 |
| 49444 | $423 | $626 | $951 | $1,632 | $2,578 |
| 49445 | $389 | $566 | $810 | $1,158 | $1,789 |
Source: Ownwell