Reed City, Osceola County, Michigan Property Taxes

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

Median Reed City, MI effective property tax rate: 1.28%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Reed City, MI home value: $110,800
Median annual Reed City, MI tax bill: $1,444, $956 lower than the national median property tax bill of $2,400.

How are property taxes in Osceola 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, Osceola County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.28%

Estimate Property Tax Bill

$1,418

$1,316

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 Osceola County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Reed City, Osceola County, Michigan

Local government entities determine tax rates, which can significantly differ across a state. Annually, each county calculates its necessary budget for services and divides it by the total assessed value of all taxable property within its area. This calculation establishes the property tax rate. Although votes and legislation play roles in setting tax rates and budgets, this annual process encapsulates the essence of how property tax rates are determined.

In Reed City, located in Osceola County, Michigan, the effective property tax rate stands at 1.28%. This rate is notably higher than the national median property tax rate of 1.02%. However, it aligns with Michigan's median property tax rate. Reed City's rate reflects the local government's approach to balancing service provision with tax revenue needs. Comparing Reed City’s effective property tax rate with other cities in Michigan and the national average can provide valuable insights for property owners. Understanding these differences can guide homeowners in making informed decisions about property investments and financial planning.

Property Tax Rates Across Reed City, 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 Reed City Tax Rate

1.28%

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 Reed City, Osceola County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49677	0.84%	0.96%	1.28%	1.64%	2.06%

Source: Ownwell

Property Tax Assessment Values Across Reed City, Osceola 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 Osceola 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 Osceola County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 $110,800, with tax bills ranging significantly across the county. Zip code 49677 has the highest median home price at $110,800.

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

Source: Ownwell

$98,800

$112,550

$126,300

Median Reed City Market Value

$110,800

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 Reed City, Osceola County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49677	$41,280	$74,600	$110,800	$162,400	$239,120

Source: Ownwell

Property Tax Bills Across Reed City, Osceola County, Michigan

In Reed City, located in Osceola County, MI, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, which can fluctuate based on various factors such as property improvements and market conditions. For homeowners in Reed City, the median property tax bill is $1,444, which is below the national median of $2,400. However, tax bills can vary significantly, with some homeowners paying as little as $942 and others facing bills as high as $2,815, depending on their property's assessed value and specific circumstances.

Property taxes can be a significant expense for homeowners, impacting their overall financial well-being. Ownwell offers a solution by providing property tax appeal services to help homeowners potentially reduce their tax bills. By analyzing property assessments and market conditions, Ownwell identifies opportunities for savings, ensuring homeowners pay only their fair share. This service can alleviate financial stress and lead to substantial savings, making it an invaluable resource for Reed City homeowners.

Property Tax Bills Across Reed City, Osceola County, Michigan

Source: Ownwell

$1,094

$1,333

$1,571

Median Reed City Tax Bill

$1,444

Median Osceola County Tax Bill

$1,382

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Reed City, Osceola County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49677	$558	$942	$1,444	$2,034	$2,815

Source: Ownwell