Watervliet, Berrien County, Michigan Property Taxes
Median Watervliet, MI effective property tax rate: 1.14%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Watervliet, MI home value: $131,400
Median annual Watervliet, MI tax bill: $1,546, $854 lower than the national median property tax bill of $2,400.
How are property taxes in Berrien County calculated?
Property taxes in Watervliet, 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 Watervliet’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Watervliet, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Watervliet, Berrien County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.14%
Estimate Property Tax Bill
$1,498
$1,390
Property Tax Rates Across Watervliet, Berrien County, Michigan
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 Watervliet Tax Rate
1.14%
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 Berrien County Tax Rate
0.85%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Watervliet, Berrien County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49098 | 0.60% | 0.73% | 1.14% | 1.61% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Watervliet, Berrien County, Michigan
When examining property taxes in Watervliet, 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 Berrien 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 Berrien 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 Watervliet.
For example, the median home price in Watervliet is $131,400, with tax bills ranging significantly across the county. Zip code 49098 has the highest median home price at $131,400.
Property Tax Assessment Values Across Watervliet, Berrien County, Michigan
Source: Ownwell
$90,000
$328,600
$567,200
Median Watervliet Market Value
$131,400
Median Berrien County Market Value
$183,200
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Watervliet, Berrien County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49098 | $3,420 | $78,150 | $131,400 | $234,050 | $437,740 |
Source: Ownwell
Property Tax Bills Across Watervliet, Berrien County, Michigan
In Watervliet, MI, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically set at 50% of the property's market value. This means that for a median home price of $131,400, the assessed value would be approximately $65,700. The property tax rate in Berrien County contributes to a median tax bill of $1,546, which is below the national median of $2,400. Homeowners in Watervliet may experience tax bills ranging from $923 at the 25th percentile to $4,943 at the 90th percentile, reflecting variations in property values and applicable exemptions.
Homeowners can face challenges with rising property taxes, impacting their financial stability. Here, Ownwell can be instrumental by providing expert property tax appeal and exemption services. By evaluating your property’s assessed value and ensuring it aligns with market conditions, Ownwell helps reduce tax liabilities. This proactive approach can lead to significant savings, easing the burden on homeowners and ensuring they pay only their fair share.
Median Watervliet Tax Bill
$1,546
Median Berrien County Tax Bill
$1,463
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Watervliet, Berrien County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49098 | $483 | $923 | $1,546 | $2,610 | $4,943 |
Source: Ownwell
