Reading, Hillsdale County, Michigan Property Taxes
Median READING, MI effective property tax rate: 0.39%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median READING, MI home value: $125,748
Median annual READING, MI tax bill: $609, $1,791 lower than the national median property tax bill of $2,400.
How are property taxes in Hillsdale calculated?
Property taxes in READING, 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 READING’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in READING, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Reading, Hillsdale County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.39%
Estimate Property Tax Bill
$490
$455
Property Tax Rates Across Reading, 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 annually to provide services, then 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 essentially the annual process.
Reading in Hillsdale County, Michigan, offers a unique perspective on property tax rates. The effective property tax rate here is noticeably lower than both the state and national medians. Michigan's median property tax rate is significantly below the national median, making it an attractive option for property owners seeking lower tax burdens.
The lower tax rate in Reading means property owners can enjoy reduced annual tax bills compared to those in other regions. This can make a significant difference for homeowners and investors alike, allowing for more financial flexibility. Comparing Reading's effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S. highlights the potential savings and advantages of owning property in this area.
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 Reading Tax Rate
0.39%
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 Reading, Hillsdale County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49274 | 0.29% | 0.34% | 0.39% | 0.54% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Reading, Hillsdale County, Michigan
When examining property taxes in Reading, 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 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 Reading. For example, the median home price in Reading is $125,748, with tax bills ranging significantly across the county. ZIP code 49274 has the highest median home price at $125,748.
Property Tax Assessment Values Across Reading, Hillsdale County, Michigan
Source: Ownwell
$60,908
$148,464
$236,020
Median Reading Market Value
$125,748
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 Reading, Hillsdale County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49274 | $31,090 | $69,927 | $125,748 | $213,440 | $322,266 |
Source: Ownwell
Property Tax Bills Across Reading, Hillsdale County, Michigan
Median Reading Tax Bill
$609
Median Hillsdale County Tax Bill
$685
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Reading, Hillsdale County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49274 | $174 | $367 | $609 | $889 | $1,234 |
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 |