Rhodes, Bay County, Michigan Property Taxes
Median Rhodes, MI effective property tax rate: 0.38%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Rhodes, MI home value: $161,400
Median annual Rhodes, MI tax bill: $579, $1,821 lower than the national median property tax bill of $2,400.
How are property taxes in Bay calculated?
Property taxes in Rhodes, MI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Rhodes’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Rhodes, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Rhodes, Bay County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.11%
Estimate Property Tax Bill
$2,204
$2,046
Property Tax Rates Across Rhodes, Bay County, Michigan
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Rhodes, Bay County, Michigan, the effective property tax rate is significantly lower than the national median property tax rate of 1.02%. This can be advantageous for property owners in the area, as lower tax rates often translate into reduced property tax bills. Compared to the national median property tax bill of $2400, property owners in Rhodes can potentially enjoy substantial savings.
For those considering property investment or relocation, understanding these differences in property tax rates can be crucial. Lower tax rates can make a significant impact on long-term financial planning, offering potential homeowners and investors an attractive opportunity. Comparing Rhodes's effective property tax rate to other cities in Michigan and the national average highlights the financial benefits of owning property in this area.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Rhodes Tax Rate
1.11%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Bay County Tax Rate
1.43%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Rhodes, Bay County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48652 | 0.71% | 0.93% | 1.11% | 1.33% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across Rhodes, Bay County, Michigan
When examining property taxes in Rhodes, Michigan, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Bay County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Bay County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Rhodes. For example, the median home price in Rhodes is $161,400, with tax bills ranging significantly across the county. Zip code 48652 has the highest median home price at $161,400.
Property Tax Assessment Values Across Rhodes, Bay County, Michigan
Source: Ownwell
$109,900
$167,375
$224,850
Median Rhodes Market Value
$198,600
Median Bay County Market Value
$150,000
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Rhodes, Bay County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48652 | $76,000 | $130,300 | $198,600 | $291,400 | $362,400 |
Source: Ownwell
Property Tax Bills Across Rhodes, Bay County, Michigan
In Rhodes, located in Bay County, MI, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the home's market value. In this region, homeowners experience a range of tax bills, with the median tax bill standing at $579, significantly below the national median of $2,400. Factors such as the home's location, size, and market conditions influence the assessed value, impacting the final tax bill. For homeowners, these taxes can represent a substantial financial burden, especially if their property is over-assessed.
Ownwell offers a solution by providing property tax appeal services aimed at reducing these bills. By analyzing local market data and identifying discrepancies in assessments, Ownwell can help homeowners challenge and potentially lower their property tax obligations. This service not only alleviates financial pressure but also ensures homeowners only pay their fair share. With Ownwell's expertise, homeowners in Rhodes can save significantly on their property tax bills, aligning them more closely with actual property values.
Median Rhodes Tax Bill
$2,088
Median Bay County Tax Bill
$2,142
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Rhodes, Bay County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48652 | $935 | $1,403 | $2,088 | $2,915 | $3,806 |
Source: Ownwell