Norton Shores, Michigan Property Taxes
The median property tax rate in Norton Shores, MI is 1.07%, aligning with the state median but higher than the national median of 0.99%. With the median home value in Norton Shores at $201,200, the typical annual property tax bill reaches $2,215, slightly below the national median of $2,690. Property taxes in Norton Shores are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Norton Shores' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Norton Shores 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
Norton Shores, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$2,153
$1,998
Ownwell’s Norton Shores Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Norton Shores with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Norton Shores 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 Norton Shores, Michigan
Property taxes in Norton Shores, Michigan, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Norton Shores is 1.07%, which is higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Norton Shores set these rates annually, and they can vary significantly across different neighborhoods. Each year, Norton Shores 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 Norton Shores' effective property tax rate to other counties in Michigan and the national median. For comparison, the 49456 zip code has the highest median property tax rate of 1.20%, while the 49441 zip code has the lowest median tax rate of 1.07%. Understanding how these cities compare with Norton Shores 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 Norton Shores Tax Rate
1.07%
Average Muskegon County Tax Rate
0.47%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Norton Shores, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49441 | 0.88% | 0.96% | 1.07% | 1.26% | 1.47% |
| 49444 | 0.67% | 0.87% | 1.07% | 1.30% | 1.51% |
| 49456 | 0.84% | 0.99% | 1.20% | 1.43% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Norton Shores, Michigan
In Norton Shores, 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 Norton Shores, 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 Norton Shores is $201,200. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, the highest median tax bill in the area is $2,321 in zip code 49456, while the lowest is $1,756 in zip code 49444. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Norton Shores Assessed Value
$201,200
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 Norton Shores, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49441 | $131,400 | $162,800 | $205,200 | $286,000 | $429,400 |
| 49444 | $68,400 | $99,350 | $159,700 | $323,850 | $431,860 |
| 49456 | $113,200 | $165,600 | $202,300 | $262,000 | $416,500 |
Source: Ownwell
Property Tax Bills Across Norton Shores, Michigan
In Norton Shores, property tax bills are calculated based on the assessed value of a home, which is determined by the Muskegon County Assessor's office. The assessed value is typically a percentage of the home's market value. Homeowners in Norton Shores see a range of property tax bills, influenced by factors such as the home's location, size, and condition. For instance, the median home price in Norton Shores is $201,200. Property tax bills can vary significantly, with the 25th percentile at $1,597 and the 75th percentile at $3,386. The highest median tax bill in the area is $2,321 in the 49456 zip code, while the lowest median tax bill is $1,756 in the 49444 zip code. These variations can impact homeowners differently, making it crucial for them to understand their property’s assessed value and the local tax rate. Compared to the national median property tax rate of 0.99%, Norton Shores presents a diverse range of tax obligations for its residents.
Average Norton Shores Tax Bill
$2,215
Average Muskegon County Tax Bill
$841
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Norton Shores, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49441 | $1,374 | $1,724 | $2,260 | $3,315 | $4,970 |
| 49444 | $518 | $913 | $1,756 | $3,826 | $5,487 |
| 49456 | $1,292 | $1,805 | $2,321 | $3,217 | $4,934 |
Source: Ownwell