Addison, Hillsdale County, Michigan Property Taxes
Median Addison, MI effective property tax rate: 0.33%, significantly lower than the national median of 1.02%, and also lower than the Michigan state median of 1.07%.
Median Addison, MI home value: $168,939
Median annual Addison, MI tax bill: $604, $1,796 lower than the national median property tax bill of $2,400.
How are property taxes in Hillsdale calculated?
Property taxes in Addison, 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 Addison’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Addison, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Addison, Hillsdale County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.33%
Estimate Property Tax Bill
$608
$564
Property Tax Rates Across Addison, Hillsdale County, Michigan
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This is because each county annually estimates its budget needs for providing services and then divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although laws and votes play a role in determining tax rates and budgets, this is the fundamental annual process.
In Addison, located in Hillsdale County, Michigan, the effective property tax rate is notably lower than the national median. This lower rate may offer a financial advantage for property owners compared to other regions. When placed alongside other cities in Michigan and the U.S. median, Addison's rate reflects the unique fiscal approach of its local government.
Understanding these differences can be crucial for homeowners and potential buyers in making informed decisions about property investments. Given the variation in tax rates, residents and investors can benefit from consulting with property tax experts to navigate potential savings and optimize their property 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 Addison Tax Rate
0.33%
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 Hillsdale County Tax Rate
0.39%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Addison, Hillsdale County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49220 | 0.23% | 0.29% | 0.33% | 0.40% | 0.49% |
Source: Ownwell
Property Tax Assessment Values Across Addison, Hillsdale County, Michigan
When examining property taxes in Addison, 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 Hillsdale 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 Hillsdale 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 Addison. For example, the median home price in Addison is $168,939, with tax bills ranging significantly across the county. 49220 has the highest median home price at $168,939.
Property Tax Assessment Values Across Addison, Hillsdale County, Michigan
Source: Ownwell
$84,707
$183,330
$281,952
Median Addison Market Value
$184,283
Median Hillsdale County Market Value
$159,094
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Addison, Hillsdale County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49220 | $60,694 | $116,947 | $184,283 | $292,933 | $458,637 |
Source: Ownwell
Property Tax Bills Across Addison, Hillsdale County, Michigan
Median Addison Tax Bill
$646
Median Hillsdale County Tax Bill
$734
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Addison, Hillsdale County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49220 | $173 | $377 | $646 | $1,044 | $1,413 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Hillsdale Tax Assessor | |
| Website | app.fetchgis.com |