Kent City, Newaygo County, Michigan Property Taxes
The median property tax rate in Kent City, MI is 0.35%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Kent City at $198,500, the typical annual property tax bill is $623, well below the national median of $2,690. Property taxes in Kent City are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kent City's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Kent City 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
Kent City, Newaygo County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.35%
Estimate Property Tax Bill
$695
$645
Ownwell’s Kent City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kent City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kent City 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 Kent City, Newaygo County, Michigan
Property taxes in Kent City, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kent City is 1.61%, significantly higher than both the Michigan state median of 1.31% and the U.S. national median of 0.99%. Local government entities within Kent City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kent City 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 Kent City's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49330 zip code has the highest median property tax rate of 1.68%, while the 49321 zip code has the lowest median tax rate of 1.54%. Understanding how these cities compare with Kent City provides valuable insights into the varying tax landscape across Newaygo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kent City Tax Rate
0.35%
Average Newaygo County Tax Rate
0.43%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kent City, Newaygo County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49330 | 0.28% | 0.31% | 0.35% | 0.37% | 0.49% |
Source: Ownwell
Property Tax Assessment Values Across Kent City, Newaygo County, Michigan
In Kent City, 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 Newaygo 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 Kent City, 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 Kent City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $623 in zip code 49330, while the lowest median tax bill is also $623 in the same zip code.
Property Tax Assessment Values Across Kent City, Newaygo County, Michigan
Source: Ownwell
$81,400
$150,100
$218,800
Average Kent City Assessed Value
$198,500
Average Newaygo County Assessed Value
$143,600
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kent City, Newaygo County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49330 | $90,760 | $136,600 | $198,500 | $260,750 | $319,420 |
Source: Ownwell
Property Tax Bills Across Kent City, Newaygo County, Michigan
Property tax bills in Kent City, located in Newaygo County, Michigan, are calculated based on the assessed value of a property, which is determined by the local assessor. This assessed value is typically a percentage of the property's market value, with the median home price in Kent City being $198,500. The tax rate is then applied to this assessed value to determine the annual tax bill. In Kent City, the 25th percentile of tax bills is $441, while the 75th percentile is $918, and the 90th percentile reaches up to $1,232. These property taxes fund essential public services such as schools, police, and infrastructure. For homeowners, understanding these factors is crucial, as property taxes significantly impact annual household expenses. While the median property tax rate nationally is 0.99%, Kent City's tax rates reflect the local economic conditions and funding needs. Homeowners should stay informed about their property's assessed value and any changes in local tax rates to manage their financial planning effectively.
Average Kent City Tax Bill
$623
Average Newaygo County Tax Bill
$667
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Kent City, Newaygo County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49330 | $297 | $441 | $623 | $918 | $1,232 |
Source: Ownwell