Fowlerville, Michigan Property Taxes
The median property tax rate in Fowlerville, MI is 0.79%, which is lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Fowlerville at $191,300, the typical annual property tax bill amounts to $1,557, significantly below the national median of $2,690. Property taxes in Fowlerville are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Fowlerville'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 Fowlerville or another part of Shiawassee County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fowlerville, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$1,511
Ownwell’s Fowlerville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fowlerville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fowlerville 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 Fowlerville, Michigan
Property taxes in Fowlerville, Michigan, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fowlerville is 0.79%, which is lower than the U.S. national median of 0.99%. Local government entities within Fowlerville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fowlerville 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 Fowlerville's effective property tax rate to other areas in Michigan and the national median. For comparison, the zip code 48836 has both the highest and lowest median property tax rate of 0.79%. Understanding how these figures compare with Fowlerville provides valuable insights into the varying tax landscape across Shiawassee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fowlerville Tax Rate
0.79%
Average Shiawassee County Tax Rate
1.23%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fowlerville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48836 | 0.71% | 0.74% | 0.79% | 0.91% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Fowlerville, Michigan
In Fowlerville, 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 Shiawassee 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 Fowlerville, 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 Fowlerville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 48836, with a median tax bill of $1,557.
Average Fowlerville Assessed Value
$191,300
Average Shiawassee County Assessed Value
$142,800
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fowlerville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48836 | $155,640 | $157,500 | $191,300 | $229,950 | $268,140 |
Source: Ownwell
Property Tax Bills Across Fowlerville, Michigan
In Fowlerville, property tax bills are calculated based on the assessed value of the home, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $191,300, homeowners can expect a range of tax bills. At the 25th percentile, the tax bill is around $1,350, while at the 75th percentile, it reaches approximately $2,056. The top 10% of tax bills can go up to $2,359. These tax bills are influenced by various factors, including changes in property market values, local government budgets, and specific levies for schools or infrastructure. Homeowners in Fowlerville, located in Shiawassee County, often find their property taxes to be a significant part of their annual expenses. Understanding these calculations helps homeowners plan their finances better and potentially seek appeals or exemptions if they believe their assessed value is unfairly high.
Average Fowlerville Tax Bill
$1,557
Average Shiawassee County Tax Bill
$1,816
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Fowlerville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48836 | $1,202 | $1,350 | $1,557 | $2,056 | $2,359 |
Source: Ownwell