Belleville, Michigan Property Taxes
The median property tax rate in Belleville, MI is 0.97%, slightly below the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Belleville at $240,800, the typical annual property tax bill reaches $2,456, which is just under the national median of $2,690. Property taxes in Belleville are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Belleville'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 Belleville or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Belleville, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$2,336
$2,168
Ownwell’s Belleville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Belleville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belleville 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 Belleville, Michigan
Property taxes in Belleville, Michigan, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Belleville is 0.97%, which is slightly below the U.S. national median of 0.99%. Local government entities within Belleville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belleville 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 Belleville's effective property tax rate to other areas in Michigan and the national median. For comparison, the 48111 zip code has the same median property tax rate of 0.97%. Understanding how these cities compare with Belleville provides valuable insights into the varying tax landscape across Washtenaw County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belleville Tax Rate
0.97%
Average Washtenaw County Tax Rate
1.22%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belleville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48111 | 0.76% | 0.86% | 0.97% | 1.20% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Belleville, Michigan
In Belleville, 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 local 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 Belleville, 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. In Belleville, the median home price is $240,800, with tax bills ranging from $1,827 at the 25th percentile to $4,204 at the 90th percentile. The zip code 48111 has the highest and lowest median tax bills at $2,456. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Belleville Assessed Value
$240,800
Average Washtenaw County Assessed Value
$319,000
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belleville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48111 | $141,680 | $170,000 | $240,800 | $313,200 | $374,360 |
Source: Ownwell
Property Tax Bills Across Belleville, Michigan
In Belleville, MI, property tax bills are calculated based on the assessed value of your home, which is typically a percentage of the market value. The local tax rate is then applied to this assessed value to determine your annual tax bill. For instance, with a median home price of $240,800 in Belleville, homeowners can expect varying tax bills. At the 25th percentile, the tax bill is around $1,827, while at the 75th percentile, it rises to approximately $3,211. Some homeowners might see tax bills as high as $4,204, which falls into the 90th percentile. These tax bills directly impact homeowners by influencing their annual budgeting and overall cost of homeownership. Compared to the national median property tax rate of 0.99%, Belleville's tax rates reflect the local economic conditions and public service funding needs. Understanding these factors and how they contribute to your tax bill can help you better prepare for and manage your property tax obligations.
Average Belleville Tax Bill
$2,456
Average Washtenaw County Tax Bill
$4,022
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Belleville, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48111 | $1,440 | $1,827 | $2,456 | $3,211 | $4,204 |
Source: Ownwell