Birch Run, Saginaw County, Michigan Property Taxes
The median property tax rate in Birch Run, MI is 0.40%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $172,000 in Birch Run, the typical annual property tax bill is $714, which is well below the national median of $2,690. Property taxes in Birch Run are calculated based on the assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Birch Run'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 Birch Run 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
Birch Run, Saginaw County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$688
$638
Ownwell’s Birch Run Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Birch Run with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Birch Run 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 Birch Run, Saginaw County, Michigan
Property taxes in Birch Run, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Birch Run is 1.64%, significantly higher than both the Michigan state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Birch Run set these rates annually, and they can vary significantly across different neighborhoods. Each year, Birch Run 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 Birch Run's effective property tax rate to other counties in Michigan and the national median. For comparison, Detroit has the highest median property tax rate of 3.31%, while Ironwood has the lowest median tax rate of 1.11%. Understanding how these cities compare with Birch Run provides valuable insights into the varying tax landscape across Saginaw County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Birch Run Tax Rate
0.40%
Average Saginaw County Tax Rate
0.78%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Birch Run, Saginaw County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48415 | 0.26% | 0.36% | 0.40% | 0.46% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Birch Run, Saginaw County, Michigan
In Birch Run, 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 Saginaw 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 Birch Run, 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 Birch Run helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Birch Run is $714 in the 48415 zip code, which is also the lowest median tax bill.
Property Tax Assessment Values Across Birch Run, Saginaw County, Michigan
Source: Ownwell
$24,800
$143,100
$261,400
Average Birch Run Assessed Value
$172,000
Average Saginaw County Assessed Value
$119,800
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Birch Run, Saginaw County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48415 | $91,640 | $127,600 | $172,000 | $236,200 | $309,960 |
Source: Ownwell
Property Tax Bills Across Birch Run, Saginaw County, Michigan
In Birch Run, Saginaw County, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. For example, if the median home price is $172,000, the assessed value is determined by local tax assessors who evaluate various factors such as property size, location, and condition. Once the assessed value is finalized, the local tax rate is applied to determine the annual property tax bill. Homeowners in Birch Run can expect tax bills that vary significantly. The 25th percentile tax bill is around $500, while the 75th percentile reaches up to $987. At the 90th percentile, tax bills can climb to $1,401. These figures demonstrate a range of financial impacts on homeowners, influenced by the assessed value and applicable tax rates. Compared to the national median property tax rate of 0.99%, Birch Run’s property taxes can be relatively affordable, but individual circumstances will ultimately determine the exact amount owed.
Average Birch Run Tax Bill
$714
Average Saginaw County Tax Bill
$894
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Birch Run, Saginaw County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48415 | $307 | $500 | $714 | $987 | $1,401 |
Source: Ownwell