Hudsonville, Michigan Property Taxes
The median property tax rate in Hudsonville, MI is 0.95%, slightly below the state median of 1.07% but close to the national median of 0.99%. With the median home value in Hudsonville at $306,400, the typical annual property tax bill reaches $2,970, surpassing the national median of $2,690. Property taxes in Hudsonville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hudsonville'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 Hudsonville 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
Hudsonville, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$2,911
$2,701
Ownwell’s Hudsonville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hudsonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hudsonville 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 Hudsonville, Michigan
Property taxes in Hudsonville, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hudsonville is 0.95%, slightly lower than the U.S. national median of 0.99%. Local government entities within Hudsonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hudsonville 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 Hudsonville's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49426 zip code has the highest median property tax rate of 0.95%, while the 49426 zip code also has the lowest median tax rate of 0.95%. Understanding how these cities compare with Hudsonville 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 Hudsonville Tax Rate
0.95%
Average Ottawa County Tax Rate
0.90%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hudsonville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49426 | 0.73% | 0.80% | 0.95% | 1.14% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Hudsonville, Michigan
In Hudsonville, 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. In Hudsonville, 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 Hudsonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price is $306,400, with median tax bills ranging from $2,256 at the 25th percentile to $5,090 at the 90th percentile. The highest and lowest median tax bill is $2,970, found in the 49426 zip code.
Average Hudsonville Assessed Value
$306,400
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 Hudsonville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49426 | $186,600 | $247,200 | $306,400 | $383,000 | $488,520 |
Source: Ownwell
Property Tax Bills Across Hudsonville, Michigan
In Hudsonville, located in Ottawa County, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The assessment process considers various factors, including the property's size, location, and condition. Once the assessed value is determined, it is multiplied by the local tax rate to calculate the annual tax bill. For instance, in Hudsonville, the median home price is $306,400. Homeowners in the 25th percentile can expect a tax bill of around $2,256, while those in the 75th percentile might see bills closer to $3,985. At the higher end, the 90th percentile tax bill reaches approximately $5,090. Comparatively, the median property tax rate in Hudsonville is lower than the national median of 0.99%, making it relatively affordable for homeowners. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Hudsonville Tax Bill
$2,970
Average Ottawa County Tax Bill
$2,533
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Hudsonville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49426 | $1,764 | $2,256 | $2,970 | $3,985 | $5,090 |
Source: Ownwell