Big Rapids, Newaygo County, Michigan Property Taxes

Name: Property Tax Bills Across Big Rapids, Newaygo County, Michigan
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median BIG RAPIDS, MI effective property tax rate: 0.62%, significantly lower than the national median of 1.02%, but lower than the MI state median of 1.07%.
Median BIG RAPIDS, MI home value: $161,700
Median annual BIG RAPIDS, MI tax bill: $1,066, $1,334 lower than the national median property tax bill of $2,400.

How are property taxes in Newaygo calculated?

Property taxes in BIG RAPIDS, MI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding BIG RAPIDS’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in BIG RAPIDS, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Big Rapids, Newaygo County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.62%

Estimate Property Tax Bill

$1,003

$930

Ownwell’s BIG RAPIDS Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in BIG RAPIDS with just two data points. By entering your property's estimated assessed value, our calculator applies BIG RAPIDS’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Newaygo. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Big Rapids, Newaygo County, Michigan

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Big Rapids’ effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S.

Property Tax Rates Across Big Rapids, Newaygo County, Michigan

Source: Ownwell

0.29%

0.45%

0.62%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Big Rapids Tax Rate

0.62%

Median Effective Newaygo County Tax Rate

0.43%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Big Rapids, Newaygo County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49307	0.46%	0.55%	0.62%	0.77%	1.04%

Source: Ownwell

Property Tax Assessment Values Across Big Rapids, Newaygo County, Michigan

When examining property taxes in Big Rapids, MI, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Newaygo County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Newaygo County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Big Rapids. For example, the median home price in Big Rapids is $161,700, with tax bills ranging significantly across the county. Zip code 49307 has the highest median home price at $161,700.

Property Tax Assessment Values Across Big Rapids, Newaygo County, Michigan

Source: Ownwell

$81,400

$150,100

$218,800

Median Big Rapids Market Value

$161,700

Median Newaygo County Market Value

$143,600

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Big Rapids, Newaygo County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49307	$60,000	$102,500	$161,700	$238,400	$319,400

Source: Ownwell

Property Tax Bills Across Big Rapids, Newaygo County, Michigan

In Big Rapids, located in Newaygo County, MI, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in this area is $161,700. Property taxes are critical for funding local services such as schools, infrastructure, and emergency services. The property tax bill can vary significantly, ranging from the 25th percentile at $700 to the 90th percentile at $2,172. The highest and lowest median tax bill in the area is $1,066, which is below the national median property tax bill of $2,400. This discrepancy can impact homeowners by influencing their overall cost of living and their ability to afford homeownership. Ownwell can assist homeowners by analyzing their property assessments and identifying potential discrepancies or opportunities for exemptions. By leveraging expertise in property tax appeals, Ownwell helps ensure homeowners in Big Rapids pay only their fair share, potentially saving them money on their annual property tax bills.

Property Tax Bills Across Big Rapids, Newaygo County, Michigan

Source: Ownwell

$290

$678

$1,066

Median Big Rapids Tax Bill

$1,066

Median Newaygo County Tax Bill

$667

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Big Rapids, Newaygo County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49307	$427	$700	$1,066	$1,524	$2,172

Source: Ownwell