Centreville, Michigan Property Taxes
The median property tax rate in Centreville, 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 Centreville at $149,600, the typical annual property tax bill is around $625, far below the national median of $2,690. Property taxes in Centreville are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Centreville'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 Centreville or another part of St. Joseph County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Centreville, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.36%
Estimate Property Tax Bill
$539
Ownwell’s Centreville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Centreville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Centreville 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 Centreville, Michigan
Property taxes in Centreville, Michigan, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Centreville is 1.62%, significantly higher than both the Michigan state median of 1.54% and the U.S. national median of 0.99%. Local government entities within Centreville set these rates annually, and they can vary considerably across different neighborhoods. Each year, Centreville 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 Centreville's effective property tax rate to other counties in Michigan and the national median. For comparison, 49097 has the highest median property tax rate of 1.62%, while 49032 has the lowest median tax rate of 1.37%. Understanding how these cities compare with Centreville 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 Centreville Tax Rate
0.36%
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 Centreville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49032 | 0.27% | 0.32% | 0.36% | 0.45% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Centreville, Michigan
In Centreville, 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. Assessment notices in Centreville 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. The highest median tax bill in Centreville is $625 in the 49032 zip code, while the lowest median tax bill is also $625 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Centreville Assessed Value
$149,600
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 Centreville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49032 | $73,200 | $107,400 | $149,600 | $219,400 | $308,600 |
Source: Ownwell
Property Tax Bills Across Centreville, Michigan
In Centreville, located in St. Joseph County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the market value of the property. Homeowners in Centreville can expect their tax bills to vary significantly depending on the assessed value and the local tax rate. For instance, the median home price in Centreville is $149,600. The tax bills in Centreville range widely; the 25th percentile tax bill is approximately $389, while the 75th percentile tax bill is around $928. At the 90th percentile, tax bills can reach up to $1,337. These figures highlight the variability in property tax obligations within the city. Compared to the national median property tax rate of 0.99%, Centreville’s tax bills reflect the local economic conditions and governmental budget requirements. Homeowners should be aware of these factors as they can significantly impact the overall cost of owning property in Centreville.
Average Centreville Tax Bill
$625
Average St. Joseph County Tax Bill
$772
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Centreville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49032 | $262 | $389 | $625 | $928 | $1,337 |
Source: Ownwell