New Era, Oceana County, Michigan Property Taxes
Median NEW ERA, MI effective property tax rate: 0.94%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median NEW ERA, MI home value: $160,600
Median annual NEW ERA, MI tax bill: $1,510, $890 lower than the national median property tax bill of $2,400.
How are property taxes in Oceana calculated?
Property taxes in NEW ERA, 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 NEW ERA’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in NEW ERA, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
New Era, Oceana County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.94%
Estimate Property Tax Bill
$1,510
$1,401
Property Tax Rates Across New Era, Oceana County, Michigan
Local government entities set tax rates, which can vary widely within a state. 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 NEW ERA’s effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S.
NEW ERA, located in Oceana County, has a property tax rate of 0.94%. This rate is notably lower than the national median property tax rate of 1.02%. Compared to the national median property tax bill of $2400, residents in this area benefit from relatively lower tax obligations. While property tax rates are subject to change based on county budgetary needs and property assessments, NEW ERA offers a more favorable tax environment compared to many other regions across the country. This can be an attractive factor for potential property buyers or investors considering a move to Michigan or specifically to Oceana County.
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 New Era Tax Rate
0.94%
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 Oceana County Tax Rate
1.08%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across New Era, Oceana County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49446 | 0.68% | 0.80% | 0.94% | 1.21% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across New Era, Oceana County, Michigan
When examining property taxes in NEW ERA, 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 Oceana 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 Oceana 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 NEW ERA. For example, the median home price in NEW ERA is $160,600, with tax bills ranging significantly across the county. 49446 has the highest median home price at $160,600.
Property Tax Assessment Values Across New Era, Oceana County, Michigan
Source: Ownwell
$69,400
$169,700
$270,000
Median New Era Market Value
$160,600
Median Oceana County Market Value
$154,800
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across New Era, Oceana County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49446 | $44,080 | $96,200 | $160,600 | $260,100 | $436,320 |
Source: Ownwell
Property Tax Bills Across New Era, Oceana County, Michigan
In New Era, located in Oceana County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in New Era is $160,600, and the property tax rate is applied to this assessed value to determine the tax bill. Homeowners in New Era experience a median property tax bill of $1,510, which is below the national median of $2,400. Tax bills can vary significantly, with the 25th percentile at $930 and the 90th percentile reaching up to $4,650. These variations are influenced by factors such as property size, location, and improvements.
For homeowners looking to reduce their property tax bills, Ownwell offers valuable services. By analyzing property assessments and market conditions, Ownwell identifies opportunities for appeals and exemptions. This can lead to substantial savings, ensuring homeowners are not overpaying on their taxes. With Ownwell's expertise, residents in New Era can navigate the complexities of property taxes more effectively and potentially lower their financial burden.
Median New Era Tax Bill
$1,510
Median Oceana County Tax Bill
$1,632
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across New Era, Oceana County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49446 | $463 | $930 | $1,510 | $2,481 | $4,650 |
Source: Ownwell