Beulah, Benzie County, Michigan Property Taxes
Median BEULAH, MI effective property tax rate: 0.29%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median BEULAH, MI home value: $277,300
Median annual BEULAH, MI tax bill: $769, $1,631 lower than the national median property tax bill of $2,400.
How are property taxes in Benzie calculated?
Property taxes in BEULAH, 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 BEULAH’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in BEULAH, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Beulah, Benzie County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.29%
Estimate Property Tax Bill
$804
$746
Property Tax Rates Across Beulah, Benzie County, Michigan
Local government entities set tax rates, which can vary widely within a state. Each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Although there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Beulah, located in Benzie County, Michigan, residents experience a property tax rate that is notably lower than both the state and national medians. Michigan's median property tax rate is substantially below the national median of 1.02%. This provides a more affordable tax environment for property owners in Beulah compared to many other regions across the country.
For property owners in Beulah, this lower tax rate can mean significant savings on their annual property tax bills, making it an attractive option for those seeking to minimize their tax burden while enjoying the services and amenities provided by the county.
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 Beulah Tax Rate
0.29%
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 Benzie County Tax Rate
0.34%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Beulah, Benzie County, Michigan
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
49617 | 0.19% | 0.24% | 0.29% | 0.36% | 0.43% |
Source: Ownwell
Property Tax Assessment Values Across Beulah, Benzie County, Michigan
When examining property taxes in Beulah, MI, 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 Benzie County appraisal district 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 Benzie 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 Beulah. For example, the median home price in Beulah is $277,300, with tax bills ranging significantly across the county. Zip code 49617 has the highest median home price at $277,300.
Property Tax Assessment Values Across Beulah, Benzie County, Michigan
Source: Ownwell
$129,000
$286,500
$444,000
Median Beulah Market Value
$277,300
Median Benzie County Market Value
$250,400
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Beulah, Benzie County, Michigan
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
49617 | $103,420 | $177,900 | $277,300 | $441,750 | $749,400 |
Source: Ownwell
Property Tax Bills Across Beulah, Benzie County, Michigan
Median Beulah Tax Bill
$769
Median Benzie County Tax Bill
$868
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Beulah, Benzie County, Michigan
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
49617 | $271 | $460 | $769 | $1,344 | $2,327 |
Source: Ownwell