Marcellus, Van Buren County, Michigan Property Taxes
The median property tax rate in Marcellus, MI is 0.41%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Marcellus at $224,800, the typical annual property tax bill is $922, well below the national median of $2,690. Property taxes in Marcellus 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 Marcellus'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 Marcellus 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
Marcellus, Van Buren County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.41%
Estimate Property Tax Bill
$922
$855
Ownwell’s Marcellus Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marcellus with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marcellus 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 Marcellus, Van Buren County, Michigan
Property taxes in Marcellus, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marcellus is 0.41%, which is significantly lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Marcellus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marcellus 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 Marcellus' effective property tax rate to other counties in Michigan and the national median. For comparison, the ZIP code 49067 has both the highest and lowest median property tax rate of 0.41%. Understanding how these cities compare with Marcellus provides valuable insights into the varying tax landscape across Van Buren County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marcellus Tax Rate
0.41%
Average Van Buren County Tax Rate
0.43%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marcellus, Van Buren County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49067 | 0.28% | 0.36% | 0.41% | 0.47% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Marcellus, Van Buren County, Michigan
In Marcellus, 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 Van Buren 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 Marcellus, 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. The zip code with the highest median tax bill is 49067, with a tax bill of $922. Being aware of these valuation processes in Marcellus helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Marcellus, Van Buren County, Michigan
Source: Ownwell
$48,600
$148,650
$248,700
Average Marcellus Assessed Value
$224,800
Average Van Buren County Assessed Value
$178,200
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marcellus, Van Buren County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49067 | $77,480 | $132,800 | $224,800 | $363,400 | $500,560 |
Source: Ownwell
Property Tax Bills Across Marcellus, Van Buren County, Michigan
In Marcellus, located in Van Buren County, MI, property tax bills are calculated based on the assessed value of a home. This assessed value is typically a percentage of the market value, which is determined by local assessors. Homeowners in Marcellus pay a median property tax rate of 0.99%, which aligns with the national median property tax rate. Several factors influence the tax bill, including the home's assessed value, local tax rates, and any applicable exemptions or deductions. For instance, homeowners in Marcellus might see a range of tax bills, with the 25th percentile at approximately $505 and the 75th percentile at around $1,427. The highest median tax bill in the area is recorded at $922, which is consistent across the zip code 49067. These property taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Understanding how these taxes are calculated can help homeowners better manage their finances and plan for future expenses.
Average Marcellus Tax Bill
$922
Average Van Buren County Tax Bill
$842
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Marcellus, Van Buren County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49067 | $305 | $505 | $922 | $1,427 | $1,994 |
Source: Ownwell