Fremont, Michigan Property Taxes
The median property tax rate in Fremont, MI is 1.26%, significantly higher than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $121,800 in Fremont, the typical annual property tax bill amounts to $1,555, which is below the national median of $2,690. Property taxes in Fremont are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Fremont's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to considerable annual savings. Whether you're in the heart of Fremont or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fremont, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$1,535
Ownwell’s Fremont Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Fremont with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Fremont to provide an estimate of your property tax bill. This valuable tool helps you grasp potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is determined by the county for tax calculations, considering any applicable exemptions.
Property Tax Rates Across Fremont, Michigan
Property taxes in Fremont, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fremont is 1.26%, higher than the U.S. national median of 0.99%. Local government entities within Fremont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fremont 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. Understanding how these cities compare with Fremont provides valuable insights into the varying tax landscape across Oceana County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fremont Tax Rate
1.26%
Average Oceana County Tax Rate
1.08%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fremont, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49412 | 0.91% | 1.09% | 1.26% | 1.41% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Fremont, Michigan
In Fremont, 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 Oceana 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 Fremont, 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 Fremont helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Fremont is found in the 49412 zip code, with a value of $1,555.
Average Fremont Assessed Value
$121,800
Average Oceana County Assessed Value
$154,800
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fremont, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49412 | $52,520 | $65,900 | $121,800 | $229,100 | $322,720 |
Source: Ownwell
Property Tax Bills Across Fremont, Michigan
In Fremont, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, the median home price in Fremont is $121,800. The local tax rate is applied to this assessed value to determine the annual tax bill. Various factors influence this calculation, including property size, location, and any applicable exemptions or deductions. Homeowners in Fremont can expect a wide range of tax bills. At the 25th percentile, the tax bill is around $805, indicating that lower-valued homes or those with significant exemptions pay less. Conversely, at the 75th percentile, the tax bill rises to approximately $2,644, reflecting higher-valued properties. For the top 10% most expensive homes, the tax bill can reach up to $4,047. These property taxes significantly impact homeowners' annual expenses, making it crucial for them to understand how their tax bills are determined. Comparing Fremont's median tax rate to the national median of 0.99% can offer additional insights into local property tax dynamics.
Average Fremont Tax Bill
$1,555
Average Oceana County Tax Bill
$1,632
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Fremont, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49412 | $664 | $805 | $1,555 | $2,644 | $4,047 |
Source: Ownwell