Allegan, Van Buren County, Michigan Property Taxes
Median Allegan, MI effective property tax rate: 0.38%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Allegan, MI home value: $209,600
Median annual Allegan, MI tax bill: $817, $1,583 lower than the national median property tax bill of $2,400.
How are property taxes in Van Buren calculated?
Property taxes in Allegan, MI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Allegan’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Allegan, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Allegan, Van Buren County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.38%
Estimate Property Tax Bill
$796
$739
Property Tax Rates Across Allegan, Van Buren County, Michigan
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Allegan, located in Van Buren County, Michigan, the effective property tax rate is crucial for homeowners to understand. The median property tax rate in Michigan is 1.54%, notably higher than the national median of 1.02%. This difference can significantly impact the amount homeowners are required to pay annually. Compared to the national median property tax bill of $2,400, homeowners in Michigan often face higher bills due to the elevated tax rate.
Understanding these rates is essential for property owners, as it affects their annual financial planning. Comparing Allegan's effective property tax rate with other cities in Michigan and the U.S. provides valuable insights into how local taxes are assessed and the potential financial obligations for residents.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Allegan Tax Rate
0.38%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Van Buren County Tax Rate
0.43%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Allegan, Van Buren County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49010 | 0.30% | 0.32% | 0.38% | 0.40% | 0.43% |
Source: Ownwell
Property Tax Assessment Values Across Allegan, Van Buren County, Michigan
When examining property taxes in Allegan, MI, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Van Buren County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Van Buren County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Allegan. For example, the median home price in Allegan is $209,600, with tax bills ranging significantly across the county. ZIP code 49010 has the highest median home price at $209,600.
Property Tax Assessment Values Across Allegan, Van Buren County, Michigan
Source: Ownwell
$48,600
$148,650
$248,700
Median Allegan Market Value
$209,600
Median Van Buren County Market Value
$178,200
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Allegan, Van Buren County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49010 | $115,800 | $156,250 | $209,600 | $295,700 | $502,560 |
Source: Ownwell
Property Tax Bills Across Allegan, Van Buren County, Michigan
Median Allegan Tax Bill
$817
Median Van Buren County Tax Bill
$842
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Allegan, Van Buren County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49010 | $384 | $538 | $817 | $1,052 | $2,039 |
Source: Ownwell