Kenockee, Michigan Property Taxes
The median property tax rate in Kenockee, MI is 0.36%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Kenockee at $239,200, the typical annual property tax bill is $857, well below the national median of $2,690. Property taxes in Kenockee 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 Kenockee'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 Kenockee 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
Kenockee, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.36%
Estimate Property Tax Bill
$861
Ownwell’s Kenockee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kenockee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kenockee 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 Kenockee, Michigan
Property taxes in Kenockee, Michigan, play a crucial role in funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Kenockee is 0.36%, which is lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Kenockee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kenockee 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 Kenockee's effective property tax rate to other counties in Michigan and the national median. For comparison, the highest median property tax rate in the region is found in zip code 48049 with a rate of 1.73%, while the lowest median tax rate is in zip code 48027 at 0.36%. Understanding how these cities compare with Kenockee 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 Kenockee Tax Rate
0.36%
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 Kenockee, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48006 | 0.27% | 0.29% | 0.36% | 0.43% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Kenockee, Michigan
In Kenockee, 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 Kenockee, 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 Kenockee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 48006 has both the highest and lowest median tax bills, each at $857.
Average Kenockee Assessed Value
$239,200
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 Kenockee, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48006 | $125,400 | $174,800 | $239,200 | $308,200 | $360,720 |
Source: Ownwell
Property Tax Bills Across Kenockee, Michigan
In Kenockee, located in St. Clair County, MI, property tax bills are calculated based on the assessed value of a home, which is typically around 50% of its market value. For a median-priced home of $239,200, homeowners can expect their property tax bill to fall within a range influenced by various factors, including the local tax rate and any applicable exemptions. The tax bill for the 25th percentile is approximately $596, while the 75th percentile reaches up to $1,190, and the 90th percentile can be as high as $1,526. Compared to the national median property tax rate of 0.99%, Kenockee's property tax environment can be considered moderate, providing a balance for homeowners between affordability and the quality of public services funded by these taxes. The highest and lowest median tax bills in the area both stand at $857, indicating a relatively uniform tax burden across different properties. This consistency helps homeowners better predict and manage their annual expenses.
Average Kenockee Tax Bill
$857
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 Kenockee, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48006 | $422 | $596 | $857 | $1,190 | $1,526 |
Source: Ownwell