Reed City, Newaygo County, Michigan Property Taxes

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

Median Reed City, MI effective property tax rate: 0.37%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Reed City, MI home value: $131,800
Median annual Reed City, MI tax bill: $464, $1,936 lower than the national median property tax bill of $2,400.

How are property taxes in Newaygo County calculated?

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

Last Updated March 1, 2025

Reed City, Newaygo County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.37%

Estimate Property Tax Bill

$488

$453

Ownwell’s Reed City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Reed City with just two data points. By entering your property's estimated assessed value, our calculator applies Reed City’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 County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Reed City, Newaygo County, Michigan

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget annually to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.

In Reed City, located in Osceola County, Michigan, the effective property tax rate is 1.45%, which is slightly above the national median of 1.02%. This translates to a median property tax bill of $1,305, which is below the national median of $2,400. Compared to other cities in Michigan, Reed City’s rate is relatively moderate. For instance, Newaygo County has a median tax rate of 0.37%, showcasing the variability within the state.

Understanding these rates is crucial for property owners aiming to manage their expenses effectively. By leveraging property tax appeal and exemption services, residents can potentially reduce their tax burden and ensure they are not overpaying.

Property Tax Rates Across Reed City, 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 Reed City Taxx Rate

0.37%

Median Effective Newaygo County Taxx Rate

0.43%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

0.99%

Property Tax Rates Across Reed City, Newaygo County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49677	0.23%	0.32%	0.37%	0.43%	0.49%

Source: Ownwell

Property Tax Assessment Values Across Reed City, Newaygo County, Michigan

When examining property taxes in Reed City, 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.

Assessment notices:

In Newaygo County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March.

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 Reed City.

For example, the median home price in Reed City is $131,800, with tax bills ranging significantly across the county. 49677 has the highest median home price at $131,800.

Property Tax Assessment Values Across Reed City, Newaygo County, Michigan

Source: Ownwell

$81,400

$150,100

$218,800

Median Reed City Market Value

$131,800

Median Newaygo County Market Value

$143,600

Median Michigan Market Value

$177,800

Median United States Market Value

$244,900

Property Tax Assessment Values Across Reed City, Newaygo County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49677	$60,240	$87,600	$131,800	$215,800	$288,200

Source: Ownwell

Property Tax Bills Across Reed City, Newaygo County, Michigan

In Reed City, property tax bills are determined by assessing the property's value and applying the local tax rate. The assessed value typically reflects a percentage of the market value, which is then multiplied by the tax rate to calculate the annual tax bill. For homeowners in Newaygo County, the median home price is $131,800, with tax bills ranging from $323 at the 25th percentile to $1,136 at the 90th percentile. The median tax bill stands at $464, significantly lower than the national median of $2,400. This can be advantageous for homeowners, but it also means that even a small increase in assessed value can lead to a noticeable rise in tax bills. Ownwell offers expert property tax appeal services to help homeowners reduce their tax liabilities. By analyzing property assessments and identifying potential discrepancies, Ownwell can assist in filing appeals, potentially lowering tax bills and ensuring homeowners pay only their fair share.

Property Tax Bills Across Reed City, Newaygo County, Michigan

Source: Ownwell

$290

$678

$1,066

Median Reed City Tax Bill

$464

Median Newaygo County Tax Bill

$667

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,690

Property Tax Bills Across Reed City, Newaygo County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49677	$218	$323	$464	$788	$1,136

Source: Ownwell