Macatawa, Michigan Property Taxes
The median property tax rate in Macatawa, MI is 0.98%, slightly below both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $781,200 in Macatawa, the typical annual property tax bill reaches $7,202, significantly exceeding the national median of $2,690. Property taxes in Macatawa are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Macatawa's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Macatawa or another part of Ottawa County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Macatawa, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$7,656
$7,104
Ownwell’s Macatawa Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Macatawa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Macatawa 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 Macatawa, Michigan
Property taxes in Macatawa, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Macatawa is 0.98%, slightly lower than the U.S. national median of 0.99%. Local government entities within Macatawa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Macatawa 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 Macatawa's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49434 zip code has both the highest and lowest median property tax rates at 0.98%. Understanding how these areas compare with Macatawa 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 Macatawa Tax Rate
0.98%
Average Ottawa County Tax Rate
0.90%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Macatawa, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49434 | 0.49% | 0.67% | 0.98% | 1.32% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Macatawa, Michigan
In Macatawa, 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 Macatawa, 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. For example, the median home price in Macatawa is $781,200, with tax bills ranging from $4,680 at the 25th percentile to $11,255 at the 75th percentile and $19,383 at the 90th percentile. The zip code 49434 has both the highest and lowest median tax bills at $7,202. By understanding 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 Macatawa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Macatawa Assessed Value
$781,200
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 Macatawa, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49434 | $513,800 | $616,000 | $781,200 | $1,215,800 | $1,511,400 |
Source: Ownwell
Property Tax Bills Across Macatawa, Michigan
In Macatawa, located in Ottawa County, MI, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Macatawa is $781,200. Property tax rates in this area are influenced by local government budgets and the need to fund public services such as schools, infrastructure, and emergency services. The tax bill can vary significantly among homeowners. For instance, the 25th percentile tax bill is $4,680, while the 75th percentile tax bill reaches $11,255, and the 90th percentile tax bill is as high as $19,383. These variations are due to differences in property values and the specific tax rates applied. Homeowners in Macatawa may find that their property tax bills are higher than the national median property tax rate of 0.99%, given the relatively high property values in the area. This can have a substantial impact on their annual household expenses, making it crucial for homeowners to understand how their tax bills are calculated and what factors influence them.
Average Macatawa Tax Bill
$7,202
Average Ottawa County Tax Bill
$2,533
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Macatawa, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49434 | $3,539 | $4,680 | $7,202 | $11,255 | $19,383 |
Source: Ownwell