Holland, Ottawa County, Michigan Property Taxes
Median Holland, MI effective property tax rate: 1.00%, slightly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Holland, MI home value: $248,400
Median annual Holland, MI tax bill: $2,583, $183 higher than the national median property tax bill of $2,400.
How are property taxes in Ottawa County calculated?
Property taxes in Holland, 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 Holland’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Holland, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Holland, Ottawa County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1%
Estimate Property Tax Bill
$2,484
$2,305
Property Tax Rates Across Holland, Ottawa County, Michigan
Local government entities set tax rates, leading to significant variations within a state. This happens because each county annually estimates its budgetary needs for services and divides this by the total value of all taxable property under its jurisdiction, resulting in the property tax rate. Although votes and legislation play roles in determining tax rates and budgets, this is essentially the annual process.
In Holland, Ottawa County, Michigan, the effective property tax rate reflects these local calculations. When compared to other cities in Michigan, Holland's rate offers a perspective on how local governance impacts property tax obligations. Michigan's median property tax rate is close to the national median, providing a benchmark for comparison. However, within Ottawa County, the highest median tax rate can be found in the 49423 zip code, while the lowest is in the 49424 zip code. These variations highlight the importance of understanding how local policies and property values influence tax rates. By examining these differences, property owners can better navigate the complexities of property taxation and potentially identify opportunities for appealing or adjusting their assessed values.
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 Holland Tax Rate
1.00%
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 Ottawa County Tax Rate
0.90%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Holland, Ottawa County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49423 | 0.78% | 1.00% | 1.21% | 1.58% | 1.90% |
| 49424 | 0.67% | 0.74% | 0.88% | 1.11% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Holland, Ottawa County, Michigan
When examining property taxes in Holland, Michigan, 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 Ottawa 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 Ottawa 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 Holland. For example, the median home price in Holland is $248,400, with tax bills ranging significantly across the county. Zip code 49424 has the highest median home price at $268,000.
Property Tax Assessment Values Across Holland, Ottawa County, Michigan
Source: Ownwell
$214,200
$497,700
$781,200
Median Holland Market Value
$248,400
Median Ottawa County Market Value
$276,000
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Holland, Ottawa County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49423 | $146,600 | $174,800 | $215,200 | $282,000 | $392,940 |
| 49424 | $166,200 | $214,000 | $268,000 | $385,400 | $568,300 |
Source: Ownwell
Property Tax Bills Across Holland, Ottawa County, Michigan
Median Holland Tax Bill
$2,583
Median Ottawa County Tax Bill
$2,533
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Holland, Ottawa County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49423 | $1,443 | $2,014 | $2,774 | $3,784 | $5,347 |
| 49424 | $1,313 | $1,743 | $2,458 | $3,760 | $5,949 |
Source: Ownwell