Belleville, Michigan Property Taxes
The median property tax rate in Belleville, MI is 0.47%, significantly lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $224,200 in Belleville, the typical annual property tax bill amounts to $1,052, which is well below 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 primary residence and agricultural exemptions. Understanding Belleville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Belleville or another part of the city, gaining insight into 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
0.47%
Estimate Property Tax Bill
$1,054
$978
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, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Belleville is 0.47%, significantly lower than both the Michigan state median of 1.44% and 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 counties in Michigan and the national median. For comparison, the 48111 zip code has both the highest and lowest median property tax rate of 0.47%. Understanding how these cities compare with Belleville provides valuable insights into the varying tax landscape across Wayne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belleville Tax Rate
0.47%
Average Wayne County Tax Rate
1.44%
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 | 0.31% | 0.36% | 0.47% | 0.92% | 1.34% |
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 represents 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 Wayne 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 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. For example, in Belleville, the median home price is $224,200, with tax bills ranging from $732 at the 25th percentile to $3,035 at the 90th percentile. The highest and lowest median tax bills are both $1,052 in zip code 48111. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Belleville Assessed Value
$224,200
Average Wayne County Assessed Value
$126,800
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 | $88,480 | $163,000 | $224,200 | $279,400 | $344,760 |
Source: Ownwell
Property Tax Bills Across Belleville, Michigan
Property tax bills in Belleville, Wayne County, MI, are calculated based on the assessed value of a property, which is typically a percentage of its market value. The median home price in Belleville is $224,200, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as the property's location, size, and condition can influence its assessed value. For homeowners, the tax bill can vary significantly. For instance, the 25th percentile tax bill in Belleville is $732, while the 75th percentile tax bill is $1,912, and the 90th percentile tax bill can go up to $3,035. The highest median tax bill in the area is $1,052, found in the 48111 zip code. Comparatively, the national median property tax rate is 0.99%, making Belleville's property taxes relatively moderate. Understanding these factors helps homeowners anticipate their annual property tax expenses and plan their finances accordingly.
Average Belleville Tax Bill
$1,052
Average Wayne County Tax Bill
$1,625
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 | $476 | $732 | $1,052 | $1,912 | $3,035 |
Source: Ownwell