Jeddo, St. Clair County, Michigan Property Taxes
The median property tax rate in Jeddo, MI is 0.38%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Jeddo at $231,700, the typical annual property tax bill is $863, well below the national median of $2,690. Property taxes in Jeddo are calculated based on the tax assessed value, which often falls below market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Jeddo'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 Jeddo or another part of St. Clair County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jeddo, St. Clair County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.38%
Estimate Property Tax Bill
$880
$817
Ownwell’s Jeddo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jeddo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jeddo 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 Jeddo, St. Clair County, Michigan
Property taxes in Jeddo, Michigan, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Jeddo is 0.38%, which is lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Jeddo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jeddo 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 Jeddo's effective property tax rate to other counties in Michigan and the national median. For comparison, the highest median property tax rate in Michigan is significantly higher, while the lowest median tax rate is also notable. Understanding how these cities compare with Jeddo provides valuable insights into the varying tax landscape across St. Clair County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jeddo Tax Rate
0.38%
Average St. Clair County Tax Rate
0.78%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jeddo, St. Clair County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48032 | 0.29% | 0.34% | 0.38% | 0.50% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Jeddo, St. Clair County, Michigan
In Jeddo, 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 St. Clair 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 Jeddo, 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 instance, the median home price in Jeddo is $231,700, with the 25th percentile tax bill around $404 and the 75th percentile tax bill approximately $1,349. The highest and lowest median tax bills are both $863, found in the 48032 zip code. 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 Jeddo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Jeddo, St. Clair County, Michigan
Source: Ownwell
$35,200
$161,900
$288,600
Average Jeddo Assessed Value
$231,700
Average St. Clair County Assessed Value
$181,600
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jeddo, St. Clair County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48032 | $54,800 | $130,750 | $231,700 | $280,650 | $417,880 |
Source: Ownwell
Property Tax Bills Across Jeddo, St. Clair County, Michigan
In Jeddo, located in St. Clair County, MI, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local assessor and typically represents 50% of the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $231,700, homeowners can expect varying tax bills depending on their property's specific assessed value. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. Homeowners in Jeddo see a range of tax bills, with the 25th percentile at $404 and the 75th percentile at $1,349. The 90th percentile tax bill can reach up to $2,094. Compared to the national median property tax rate of 0.99%, Jeddo’s tax rates can significantly impact homeowners, making it crucial to understand how these factors affect their annual financial obligations.
Average Jeddo Tax Bill
$863
Average St. Clair County Tax Bill
$1,504
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Jeddo, St. Clair County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48032 | $234 | $404 | $863 | $1,349 | $2,094 |
Source: Ownwell