Evart, Osceola County, Michigan Property Taxes
The median property tax rate in Evart, MI is 1.32%, considerably higher than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Evart at $109,100, the typical annual property tax bill reaches $1,417, exceeding the national median of $2,690. Property taxes in Evart 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 Evart'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 Evart 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
Evart, Osceola County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$1,440
$1,336
Ownwell’s Evart Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Evart with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Evart 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 Evart, Osceola County, Michigan
Property taxes in Evart, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Evart is 1.32%, higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Evart set these rates annually, and they can vary significantly across different neighborhoods. Each year, Evart 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 Evart's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49631 zip code has the highest median property tax rate of 1.32%, while the lowest median tax rate is also 1.32%. Understanding how these cities compare with Evart provides valuable insights into the varying tax landscape across Osceola County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Evart Tax Rate
1.32%
Average Osceola County Tax Rate
1.27%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Evart, Osceola County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49631 | 0.81% | 0.99% | 1.32% | 1.72% | 2.13% |
Source: Ownwell
Property Tax Assessment Values Across Evart, Osceola County, Michigan
In Evart, 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 Osceola 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 Evart, 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 Evart helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Evart is $109,100, with tax bills ranging from $898 at the 25th percentile to $3,157 at the 90th percentile. The highest and lowest median tax bills are both $1,417 in the 49631 zip code.
Property Tax Assessment Values Across Evart, Osceola County, Michigan
Source: Ownwell
$98,800
$112,550
$126,300
Average Evart Assessed Value
$109,100
Average Osceola County Assessed Value
$109,600
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Evart, Osceola County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49631 | $39,200 | $69,800 | $109,100 | $165,800 | $243,000 |
Source: Ownwell
Property Tax Bills Across Evart, Osceola County, Michigan
In Evart, located in Osceola County, MI, property tax bills are calculated based on the assessed value of a home. This assessed value is typically a percentage of the market value, which is determined by local assessors. For instance, with a median home price of $109,100, the tax bill can vary significantly. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Evart can expect their property tax bills to range widely. The 25th percentile tax bill is around $898, while the 75th percentile reaches approximately $2,118, and the 90th percentile can be as high as $3,157. These figures indicate that property taxes in Evart can significantly impact household budgets, depending on the home's assessed value. Compared to the national median property tax rate of 0.99%, Evart's property taxes are relatively moderate. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Evart Tax Bill
$1,417
Average Osceola County Tax Bill
$1,382
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Evart, Osceola County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49631 | $496 | $898 | $1,417 | $2,118 | $3,157 |
Source: Ownwell