Albion, Calhoun County, Michigan Property Taxes

Name: Property Tax Bills Across Albion, Calhoun County, Michigan
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Albion, MI effective property tax rate: 1.24%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Albion, MI home value: $87,400
Median annual Albion, MI tax bill: $1,176, $1,224 lower than the national median property tax bill of $2,400.

How are property taxes in Calhoun calculated?

Property taxes in Albion, 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 Albion’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Albion, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Albion, Calhoun County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.24%

Estimate Property Tax Bill

$1,084

$1,006

Ownwell’s Albion Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Albion with just two data points. By entering your property's estimated assessed value, our calculator applies Albion’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Calhoun County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Albion, Calhoun County, Michigan

Local government entities set tax rates, which can vary widely within a state. This variation is due to each county annually estimating its required budget to provide services and dividing that by the total value of all taxable property within its jurisdiction, resulting 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.

Albion in Calhoun County, Michigan, presents a unique case in the state's property tax landscape. The effective property tax rate here is 1.24%, aligning with both the highest and lowest median tax rates in the area, illustrating a uniformity not often seen. This rate stands above the national median property tax rate of 1.02%, highlighting a higher tax burden for property owners in Albion compared to many other regions across the country. When considering property investments or homeownership in Michigan, understanding these tax implications is crucial. Comparing Albion's effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S. can provide valuable insights for potential homeowners and investors.

Property Tax Rates Across Albion, Calhoun County, Michigan

Source: Ownwell

0.85%

1.24%

1.62%

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 Albion Tax Rate

1.24%

Median Effective Calhoun County Tax Rate

1.36%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Albion, Calhoun County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49224	0.81%	1.01%	1.24%	1.64%	2.03%

Source: Ownwell

Property Tax Assessment Values Across Albion, Calhoun County, Michigan

When examining property taxes in Albion, 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 Calhoun 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 Calhoun County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Albion. For example, the median home price in Albion is $87,400, with tax bills ranging significantly across the county. Zip code 49224 has the highest median home price at $87,400.

Property Tax Assessment Values Across Albion, Calhoun County, Michigan

Source: Ownwell

$76,686

$154,643

$232,600

Median Albion Market Value

$87,400

Median Calhoun County Market Value

$125,045

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Albion, Calhoun County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49224	$40,600	$60,600	$87,400	$140,650	$231,080

Source: Ownwell

Property Tax Bills Across Albion, Calhoun County, Michigan

In Albion, Calhoun County, MI, property tax bills are calculated based on the assessed value of a home, which is influenced by the median home price of $87,400. The tax rate is applied to this assessed value to determine the tax bill, which can vary significantly among homeowners. For instance, while the 25th percentile tax bill is $803, the 75th percentile reaches $1,749, and the 90th percentile peaks at $2,714. The median tax bill in the area is $1,176, which is below the national median property tax bill of $2,400. This indicates that Albion's property tax bills are relatively moderate compared to national figures. However, these taxes can still impact homeowners significantly, making it crucial to ensure assessments are accurate. Ownwell offers expertise in property tax appeals and exemptions, helping homeowners potentially reduce their tax bills. By reviewing assessments and identifying discrepancies, Ownwell can assist in lowering the tax burden, providing financial relief and peace of mind for property owners.

Property Tax Bills Across Albion, Calhoun County, Michigan

Source: Ownwell

$849

$1,853

$2,856

Median Albion Tax Bill

$1,176

Median Calhoun County Tax Bill

$1,916

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Albion, Calhoun County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49224	$580	$803	$1,176	$1,749	$2,714

Source: Ownwell