Olivet, Eaton County, Michigan Property Taxes
Median Olivet, 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 Olivet, MI home value: $165,534
Median annual Olivet, MI tax bill: $980, $1,420 lower than the national median property tax bill of $2,400.
How are property taxes in Eaton calculated?
Property taxes in Olivet, 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 Olivet’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Olivet, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Olivet, 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
$778
$722
Property Tax Rates Across Olivet, Eaton County, Michigan
Local government entities set tax rates, which can vary widely within a state. This is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell.
In Olivet, Eaton County, Michigan, the effective property tax rate is 0.47%, which is significantly lower than the national median property tax rate of 1.02%. This makes Olivet an attractive option for property owners looking to save on taxes. The city's rate is consistent across the board, as it is both the highest and lowest median tax rate in the area. When comparing Olivet’s rate to other cities in Michigan and the U.S., it becomes evident that Olivet offers a more affordable property tax environment. With the national median property tax bill at $2400, property owners in Olivet can enjoy a more favorable tax situation.
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 Olivet 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 Olivet, Eaton County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49076 | 0.32% | 0.42% | 0.47% | 1.24% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Olivet, Eaton County, Michigan
When examining property taxes in Olivet, 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 Eaton 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 Eaton County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Olivet. For example, the median home price in Olivet is $165,534, with tax bills ranging significantly across the county. Zip code 49076 has the highest median home price at $165,534.
Property Tax Assessment Values Across Olivet, Eaton County, Michigan
Source: Ownwell
$131,400
$226,700
$322,000
Median Olivet Market Value
$165,534
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 Olivet, Eaton County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49076 | $81,848 | $120,099 | $165,534 | $222,563 | $296,499 |
Source: Ownwell
Property Tax Bills Across Olivet, Eaton County, Michigan
Median Olivet Tax Bill
$980
Median Eaton County Tax Bill
$1,470
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Olivet, Eaton County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49076 | $367 | $620 | $980 | $1,750 | $2,699 |
Source: Ownwell