Mattawan, Michigan Property Taxes
The median property tax rate in Mattawan, 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 Mattawan at $248,700, the typical annual property tax bill comes to $1,047, well below the national median of $2,690. Property taxes in Mattawan are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Mattawan'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 Mattawan 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
Mattawan, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.41%
Estimate Property Tax Bill
$1,020
Ownwell’s Mattawan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mattawan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mattawan 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 Mattawan, Michigan
Property taxes in Mattawan, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mattawan is 0.41%, significantly lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Mattawan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mattawan 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 Mattawan's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49071 zip code has both the highest and lowest median property tax rate of 0.41%. Understanding how these cities compare with Mattawan 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 Mattawan 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 Mattawan, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49071 | 0.31% | 0.35% | 0.41% | 0.53% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Mattawan, Michigan
In Mattawan, 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 Mattawan, 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 median home price in Mattawan is $248,700, with tax bills ranging from $793 at the 25th percentile to $2,202 at the 90th percentile. Being aware of these valuation processes in Mattawan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mattawan Assessed Value
$248,700
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 Mattawan, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49071 | $132,900 | $186,400 | $248,700 | $313,150 | $425,600 |
Source: Ownwell
Property Tax Bills Across Mattawan, Michigan
In Mattawan, property tax bills are calculated based on the assessed value of a home, which is determined by the Van Buren County tax assessor. The assessed value represents 50% of the market value of the property. For instance, with a median home price of $248,700, the assessed value would be approximately $124,350. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions or deductions. In Mattawan, the 25th percentile tax bill is around $793, while the 75th percentile tax bill reaches $1,517. The 90th percentile tax bill can go up to $2,202, reflecting variations in property values and assessments. Compared to the national median property tax rate of 0.99%, homeowners in Mattawan may find their tax bills relatively manageable. However, these taxes significantly impact homeowners' annual budgets, influencing decisions on property investments and long-term financial planning.
Average Mattawan Tax Bill
$1,047
Average Van Buren County Tax Bill
$842
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Mattawan, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49071 | $579 | $793 | $1,047 | $1,517 | $2,202 |
Source: Ownwell