Burr Oak, St. Joseph County, Michigan Property Taxes
The median property tax rate in Burr Oak, MI is 0.37%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $118,800 in Burr Oak, the typical annual property tax bill is $391, well below the national median of $2,690. Property taxes in Burr Oak are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Burr Oak'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 Burr Oak or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Burr Oak, St. Joseph County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.37%
Estimate Property Tax Bill
$440
$408
Ownwell’s Burr Oak Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Burr Oak with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Burr Oak 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 Burr Oak, St. Joseph County, Michigan
Property taxes in Burr Oak, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Burr Oak is 1.42%, significantly higher than both the Michigan state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Burr Oak set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burr Oak 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 Burr Oak's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49091 zip code has the highest median property tax rate of 1.42%, while the 49030 zip code has the lowest median tax rate of 1.42%. Understanding how these cities compare with Burr Oak provides valuable insights into the varying tax landscape across St. Joseph County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Burr Oak Tax Rate
0.37%
Average St. Joseph County Tax Rate
0.41%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burr Oak, St. Joseph County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49030 | 0.25% | 0.29% | 0.37% | 0.43% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Burr Oak, St. Joseph County, Michigan
In BURR OAK, 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. Joseph 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 BURR OAK, 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 BURR OAK helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $391.00, found in the 49030 zip code.
Property Tax Assessment Values Across Burr Oak, St. Joseph County, Michigan
Source: Ownwell
$114,900
$158,150
$201,400
Average Burr Oak Assessed Value
$118,800
Average St. Joseph County Assessed Value
$142,400
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Burr Oak, St. Joseph County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49030 | $38,040 | $75,000 | $118,800 | $194,200 | $291,520 |
Source: Ownwell
Property Tax Bills Across Burr Oak, St. Joseph County, Michigan
In Burr Oak, property tax bills are calculated based on the assessed value of a home, which is determined by the St. Joseph County assessor. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate to determine the tax bill. For Burr Oak homeowners, the median home price is $118,800. The tax bills can vary significantly, with the 25th percentile tax bill at $223, the 75th percentile at $763, and the 90th percentile reaching $1,265. The median tax bill in the area is $391, which is consistent across the zip code 49030. Compared to the national median property tax rate of 0.99%, Burr Oak residents enjoy relatively lower property taxes. This lower tax burden can make homeownership more affordable, but it also means that local services funded by property taxes might be more limited. Understanding these factors can help homeowners plan their finances and anticipate their annual property tax obligations.
Average Burr Oak Tax Bill
$391
Average St. Joseph County Tax Bill
$772
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Burr Oak, St. Joseph County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49030 | $120 | $223 | $391 | $763 | $1,265 |
Source: Ownwell