Osceola County, Michigan Property Taxes

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

Median Osceola County effective property tax rate: 1.27%, significantly higher than the national median of 1.02%.
Median Osceola County home value: $109,600
Median annual Osceola County tax bill: $1,382, $1,018 lower than the national median property tax bill of $2,400.

How are property taxes in Osceola County calculated?

Property taxes in Osceola County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Reed City or another part of Osceola County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Osceola County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.27%

Estimate Property Tax Bill

$1,392

$1,292

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

Property Tax Rates Across Osceola County, Michigan

Local government entities set tax rates, which can vary significantly within Michigan. Annually, 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 Osceola County's effective property tax rate to other counties in Michigan or the U.S. median property tax rate.

Property Tax Rates Across Osceola County, Michigan

Source: Ownwell

1.12%

1.27%

1.41%

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 Osceola County Tax Rate

1.27%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Osceola County, Michigan

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Evart	0.81%	0.99%	1.32%	1.72%	2.13%
Hersey	0.71%	0.86%	1.12%	1.45%	1.85%
Lake	0.90%	0.99%	1.41%	1.69%	1.89%
Leroy	0.82%	1.03%	1.32%	1.80%	2.24%
Marion	0.79%	0.94%	1.18%	1.62%	2.05%
Paris	0.85%	0.93%	1.13%	1.38%	1.48%
Reed City	0.84%	0.96%	1.28%	1.64%	2.06%
Sears	0.79%	0.96%	1.25%	1.61%	2.00%
Tustin	0.82%	0.98%	1.26%	1.68%	2.16%
Mc Bain	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Osceola County, Michigan

When examining property taxes in Osceola County, 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 Osceola County Equalization Department 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 Osceola 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 Osceola County. For example, the median tax bill in Osceola County is $1,571, with tax bills ranging significantly across the county. Tustin has the highest median home price at $126,300.

Property Tax Assessment Values Across Osceola County, Michigan

Source: Ownwell

$98,800

$112,550

$126,300

Median Osceola County Market Value

$109,600

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Osceola County, Michigan

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Evart	$39,200	$69,800	$109,100	$165,800	$243,000
Hersey	$48,700	$77,600	$119,500	$172,750	$240,000
Lake	$37,400	$69,200	$99,600	$160,600	$234,400
Leroy	$18,920	$42,850	$101,900	$173,150	$258,600
Marion	$33,200	$60,350	$100,400	$151,850	$223,000
Paris	$57,780	$71,100	$98,800	$171,450	$261,960
Reed City	$41,280	$74,600	$110,800	$162,400	$239,120
Sears	$32,160	$60,550	$110,700	$179,450	$244,020
Tustin	$35,480	$73,300	$126,300	$208,500	$306,200
Mc Bain	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Osceola County, Michigan

In Osceola County, 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 typically a percentage of the property's market value. The tax rate, or millage rate, is then applied to the assessed value to determine the tax bill. Homeowners in Osceola County face a median tax bill of around $1,094, which is significantly lower than the national median of $2,400. However, tax bills can vary widely within the county, with the 25th percentile at $832 and the 90th percentile reaching $3,123. Tustin has the highest median tax bill at $1,571, while Paris has the lowest at $1,094. These variations are influenced by factors such as property location and local tax levies. For homeowners, understanding these factors is crucial, as higher property taxes can affect affordability and long-term financial planning. Keeping abreast of local property assessments and tax rate changes can help homeowners manage their tax liabilities effectively.

Property Tax Bills Across Osceola County, Michigan

Source: Ownwell

$1,094

$1,333

$1,571

Median Osceola County Tax Bill

$1,382

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Osceola County, Michigan

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Evart	$496	$898	$1,417	$2,118	$3,157
Hersey	$528	$863	$1,331	$1,939	$2,828
Lake	$479	$840	$1,501	$2,106	$3,054
Leroy	$274	$612	$1,253	$2,193	$3,588
Marion	$413	$725	$1,217	$1,858	$2,653
Paris	$741	$836	$1,094	$1,695	$2,465
Reed City	$558	$942	$1,444	$2,034	$2,815
Sears	$416	$763	$1,363	$2,185	$3,180
Tustin	$557	$950	$1,571	$2,394	$3,742
Mc Bain	N/A	N/A	N/A	N/A	N/A

Source: Ownwell