Grandville, Michigan Property Taxes
The median property tax rate in Grandville, MI is 0.86%, which is lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $324,900 in Grandville, the typical annual property tax bill reaches $2,995, slightly above the national median of $2,690. Property taxes in Grandville are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Grandville'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 Grandville 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
Grandville, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$2,794
$2,593
Ownwell’s Grandville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grandville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grandville 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 Grandville, Michigan
Property taxes in Grandville, Michigan, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Grandville is 0.86%, which is lower than the U.S. national median of 0.99%. Local government entities within Grandville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grandville 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 Grandville's effective property tax rate to other areas in Ottawa County and the national median. For comparison, the 49418 zip code has both the highest and lowest median property tax rate of 0.86%. Understanding how these cities compare with Grandville provides valuable insights into the varying tax landscape across Ottawa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grandville Tax Rate
0.86%
Average Ottawa County Tax Rate
0.90%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grandville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49418 | 0.71% | 0.77% | 0.86% | 1.08% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Grandville, Michigan
In Grandville, 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 Ottawa 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. 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 Grandville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Grandville, the median home price is $324,900, with the highest median tax bill in the 49418 zip code at $2,995. The lowest median tax bill is also in the 49418 zip code at $2,995, reflecting a consistent tax environment.
Average Grandville Assessed Value
$324,900
Average Ottawa County Assessed Value
$276,000
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grandville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49418 | $204,900 | $248,400 | $324,900 | $506,700 | $673,400 |
Source: Ownwell
Property Tax Bills Across Grandville, Michigan
In Grandville, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Grandville, the median home price stands at $324,900. Property tax bills can vary significantly, with the 25th percentile at $2,169 and the 75th percentile reaching $4,705. At the higher end, the 90th percentile tax bill is $6,847. Several factors influence these calculations, including property location, home improvements, and changes in the local tax rate. These taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the community's quality of life. Homeowners in Grandville, Ottawa County, should be aware of these factors as they can significantly affect their annual financial obligations. Understanding how these elements interplay helps homeowners plan better and potentially appeal their tax assessments if they believe their property has been over-assessed.
Average Grandville Tax Bill
$2,995
Average Ottawa County Tax Bill
$2,533
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Grandville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49418 | $1,689 | $2,169 | $2,995 | $4,705 | $6,847 |
Source: Ownwell