Osseo, Hillsdale County, Michigan Property Taxes
Median Osseo, MI effective property tax rate: 0.36%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Osseo, MI home value: $147,788
Median annual Osseo, MI tax bill: $520, $1,880 lower than the national median property tax bill of $2,400.
How are property taxes in Hillsdale calculated?
Property taxes in Osseo, 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 Osseo’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Osseo, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Osseo, Hillsdale County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.36%
Estimate Property Tax Bill
$532
$494
Property Tax Rates Across Osseo, Hillsdale County, Michigan
Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget to provide essential services and dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the basic annual process.
In Osseo, located in Hillsdale County, Michigan, the effective property tax rate offers a unique perspective when compared to other cities in Michigan and the national averages. Michigan's property tax rates can differ significantly from the national median rate of 1.02%. This difference is a reflection of the various local economic conditions, public service needs, and budgetary requirements that influence each county's tax rate decisions.
Understanding these variations is crucial for property owners seeking to manage their tax liabilities effectively. By comparing Osseo’s property tax rate to other regions, property owners can gain insights into potential savings and make informed decisions about property tax appeals or exemptions.
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 Osseo Tax Rate
0.36%
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
0.41%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Osseo, Hillsdale County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49266 | 0.27% | 0.33% | 0.36% | 0.42% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Osseo, Hillsdale County, Michigan
When examining property taxes in Osseo, 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 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 Osseo. For example, the median home price in Osseo is $147,788, with tax bills ranging significantly across the county. Zip code 49266 has the highest median home price at $147,788.
Property Tax Assessment Values Across Osseo, Hillsdale County, Michigan
Source: Ownwell
$60,908
$148,464
$236,020
Median Osseo Market Value
$147,788
Median Hillsdale County Market Value
$141,139
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Osseo, Hillsdale County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49266 | $38,487 | $81,032 | $147,788 | $238,820 | $342,591 |
Source: Ownwell
Property Tax Bills Across Osseo, Hillsdale County, Michigan
In Osseo, Hillsdale County, MI, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence this bill, including the property's location, size, and any applicable exemptions. Homeowners in Osseo face a median property tax bill significantly lower than the national median of $2,400, with amounts ranging from $276 at the 25th percentile to $1,170 at the 90th percentile. This variation highlights the impact of different property values and exemptions.
For homeowners looking to reduce their property tax burden, Ownwell offers valuable assistance. Our team of experts specializes in identifying potential savings through appeals and exemptions, ensuring you only pay what you truly owe. By leveraging our services, you can navigate the complexities of property tax assessments and secure the most favorable outcome. Let Ownwell help you achieve peace of mind and financial relief by optimizing your property tax situation.
Median Osseo Tax Bill
$520
Median Hillsdale County Tax Bill
$685
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Osseo, Hillsdale County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49266 | $150 | $276 | $520 | $820 | $1,170 |
Source: Ownwell