Eaton Rapids, Eaton County, Michigan Property Taxes
Median Eaton Rapids, MI effective property tax rate: 0.47%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Eaton Rapids, MI home value: $183,000
Median annual Eaton Rapids, MI tax bill: $1,075, $1,325 lower than the national median property tax bill of $2,400.
How are property taxes in Eaton calculated?
Property taxes in Eaton Rapids, 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 Eaton Rapids’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Eaton Rapids, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Eaton Rapids, Eaton County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.47%
Estimate Property Tax Bill
$860
$798
Property Tax Rates Across Eaton Rapids, Eaton County, Michigan
Local government entities are responsible for setting tax rates, which can differ significantly within a state. This variation occurs because 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 votes and laws play a role in determining tax rates and budgets, this is essentially the annual process.
In Eaton Rapids, located in Eaton County, the effective property tax rate stands at 0.47%. This rate is notably lower than the national median property tax rate of 1.02%. When comparing Eaton Rapids to other cities in Michigan, it is apparent that the property tax rate here is relatively low. This can be an attractive feature for homeowners looking to manage their expenses effectively. With the national median property tax bill being $2,400, residents in Eaton Rapids may find their property tax responsibilities more manageable compared to other regions. This financial advantage can be a compelling reason for potential homeowners to consider Eaton Rapids as a desirable place to live.
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 Eaton Rapids Tax Rate
0.47%
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 Eaton County Tax Rate
0.81%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Eaton Rapids, Eaton County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48827 | 0.39% | 0.43% | 0.47% | 1.12% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Eaton Rapids, Eaton County, Michigan
When examining property taxes in Eaton Rapids, 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 Eaton County Equalization Department 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.
Assessment notices: In Eaton 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 Eaton Rapids. For example, the median home price in Eaton Rapids is $183,000, with tax bills ranging significantly across the county. The zip code 48827 has the highest median home price at $183,000.
Property Tax Assessment Values Across Eaton Rapids, Eaton County, Michigan
Source: Ownwell
$131,400
$226,700
$322,000
Median Eaton Rapids Market Value
$183,000
Median Eaton County Market Value
$184,400
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Eaton Rapids, Eaton County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48827 | $64,600 | $128,600 | $183,000 | $249,000 | $325,860 |
Source: Ownwell
Property Tax Bills Across Eaton Rapids, Eaton County, Michigan
Median Eaton Rapids Tax Bill
$1,075
Median Eaton County Tax Bill
$1,470
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Eaton Rapids, Eaton County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48827 | $453 | $741 | $1,075 | $1,554 | $2,115 |
Source: Ownwell