Pierson, Michigan Property Taxes
The median property tax rate in Pierson, MI is 0.29%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Pierson at $127,600, the typical annual property tax bill is $335, well below the national median of $2,690. Property taxes in Pierson are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pierson'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 Pierson 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
Pierson, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.29%
Estimate Property Tax Bill
$370
Ownwell’s Pierson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pierson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pierson 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 Pierson, Michigan
Property taxes in Pierson, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pierson is 1.57%, significantly higher than both the Michigan state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Pierson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pierson 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 Pierson's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49339 zip code has the highest median property tax rate of 1.57%, while the 49349 zip code has the lowest median tax rate of 1.31%. Understanding how these cities compare with Pierson 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 Pierson Tax Rate
0.29%
Average Newaygo County Tax Rate
0.43%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pierson, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49339 | 0.22% | 0.23% | 0.29% | 0.33% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Pierson, Michigan
In Pierson, 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 Pierson, 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 Pierson is $127,600, with tax bills ranging from $228 at the 25th percentile to $793 at the 90th percentile. The highest and lowest median tax bill is $335 in the 49339 zip code. 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 Pierson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pierson Assessed Value
$127,600
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 Pierson, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49339 | $48,440 | $87,200 | $127,600 | $196,200 | $322,600 |
Source: Ownwell
Property Tax Bills Across Pierson, Michigan
In Pierson, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is a percentage of the property's market value. For example, with a median home price of $127,600 in Pierson, the assessed value would be a fraction of this amount. The local tax rate is then applied to the assessed value to determine the property tax bill. Several factors influence the tax bill, including the home's location, size, and any applicable exemptions. In Pierson, the tax bills can vary significantly, with the 25th percentile at $228, the 75th percentile at $538, and the 90th percentile reaching $793. Comparatively, the national median property tax rate is 0.99%, making Pierson's rates relatively moderate. For homeowners, understanding these factors is crucial as property taxes impact overall housing costs. Accurate assessment and awareness of potential exemptions can lead to significant savings, ensuring homeowners are not overburdened by their property tax obligations.
Average Pierson Tax Bill
$335
Average Newaygo County Tax Bill
$667
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Pierson, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49339 | $205 | $228 | $335 | $538 | $793 |
Source: Ownwell