South Haven, Michigan Property Taxes
The median property tax rate in South Haven, MI is 1.14%, notably higher than both the national median of 0.99% and Michigan's state median of 1.07%. With the median home value in South Haven, the typical annual property tax bill reaches $1,909, which is below the national median of $2,690. Property taxes in South Haven are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding South Haven'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 South Haven or another part of the city, understanding the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
South Haven, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$2,606
$2,418
Ownwell’s South Haven Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Haven with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Haven 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 South Haven, Michigan
Property taxes in South Haven, Michigan, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Haven is 1.14%, higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within South Haven set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Haven 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 South Haven's effective property tax rate to other counties in Michigan and the national median. For comparison, the 49090 zip code has the highest median property tax rate of 1.14%, while the same 49090 zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with South Haven 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 South Haven Tax Rate
1.14%
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 South Haven, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49090 | 0.40% | 0.65% | 1.14% | 1.78% | 2.28% |
Source: Ownwell
Property Tax Assessment Values Across South Haven, Michigan
In South Haven, 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 Assessor 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 South Haven, 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. The median home price in South Haven is $228,600, with the 25th percentile tax bill at $814 and the 75th percentile tax bill at $4,990. 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 South Haven helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average South Haven Assessed Value
$228,600
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 South Haven, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49090 | $25,200 | $108,200 | $228,600 | $378,600 | $602,000 |
Source: Ownwell
Property Tax Bills Across South Haven, Michigan
In South Haven, Van Buren County, MI, property tax bills are calculated based on the assessed value of a home, which is typically 50% of its market value. For instance, with a median home price of $228,600, the assessed value would be around $114,300. The local tax rate is then applied to this assessed value to determine the tax bill. Various factors influence the final amount, including property size, location, and any applicable exemptions or deductions. Homeowners in South Haven can expect a wide range in their property tax bills. The 25th percentile tax bill is approximately $814, while those in the 75th percentile pay around $4,990. The 90th percentile tax bill can soar to about $9,014. The median tax bill for the area is $1,909, which is below the national median property tax rate of 0.99%. These property taxes significantly impact homeowners by affecting their annual expenses and potentially influencing their decisions regarding homeownership and property investments.
Average South Haven Tax Bill
$1,909
Average Van Buren County Tax Bill
$842
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across South Haven, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49090 | $363 | $814 | $1,909 | $4,990 | $9,014 |
Source: Ownwell