North Muskegon, Michigan Property Taxes
The median property tax rate in North Muskegon, MI is 0.49%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $179,600 in North Muskegon, the typical annual property tax bill is $767, well below the national median of $2,690. Property taxes in North Muskegon are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding North 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 North Muskegon or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
North Muskegon, 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 North Muskegon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Muskegon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North 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 North Muskegon, Michigan
Property taxes in North Muskegon, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Muskegon is 0.49%, which is lower than both the Michigan state median of 1.54% and the U.S. national median of 0.99%. Local government entities within North Muskegon set these rates annually, and they can vary significantly across different neighborhoods. Each year, North 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 North Muskegon's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49445 zip code has the highest median property tax rate of 0.49%, while the 49445 zip code also has the lowest median tax rate of 0.49%. Understanding how these cities compare with North 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 North Muskegon Tax Rate
0.49%
Average Muskegon County Tax Rate
0.47%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Muskegon, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49445 | 0.37% | 0.39% | 0.49% | 0.55% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across North Muskegon, Michigan
In North 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. In North Muskegon, 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. The median home price here is $179,600, with tax bills ranging from $654 at the 25th percentile to $1,398 at the 90th percentile. The zip code 49445 has the highest and lowest median tax bill at $767. Being aware of these valuation processes in North Muskegon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across North Muskegon, Michigan
Source: Ownwell
$62,400
$178,450
$294,500
Average North Muskegon Assessed Value
$179,600
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 North Muskegon, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49445 | $128,800 | $151,800 | $179,600 | $227,200 | $247,400 |
Source: Ownwell
Property Tax Bills Across North Muskegon, Michigan
In North Muskegon, MI, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in North Muskegon is $179,600. Local tax rates are applied to this assessed value to determine the annual property tax bill. Several factors influence the final tax amount, including property size, location, and any applicable exemptions. Homeowners in North Muskegon can expect a range of tax bills, with the 25th percentile at $654, the 75th percentile at $995, and the 90th percentile reaching up to $1,398. These figures indicate how property taxes can vary significantly within the city. The highest median tax bill in the area is $767, found in the 49445 zip code, which also has the lowest median tax bill at the same amount. Compared to the national median property tax rate of 0.99%, North Muskegon's tax rates can be seen as relatively moderate, offering a balanced approach to local taxation. Understanding these factors helps homeowners anticipate their annual financial obligations and plan accordingly.
Average North Muskegon Tax Bill
$767
Average Muskegon County Tax Bill
$841
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across North Muskegon, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49445 | $586 | $654 | $767 | $995 | $1,398 |
Source: Ownwell