Eaton Rapids, Ingham County, Michigan Property Taxes

Name: Property Tax Bills Across Eaton Rapids, Ingham County, Michigan
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Eaton Rapids, MI effective property tax rate: 1.83%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Eaton Rapids, MI home value: $224,800
Median annual Eaton Rapids, MI tax bill: $3,656, $1,256 higher than the national median property tax bill of $2,400.

How are property taxes in Ingham 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, Ingham County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.83%

Estimate Property Tax Bill

$4,114

$3,818

Ownwell’s Eaton Rapids Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Eaton Rapids with just two data points. By entering your property's estimated assessed value, our calculator applies Eaton Rapids’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Ingham County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Eaton Rapids, Ingham County, Michigan

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Eaton Rapids in Ingham County, Michigan, has an effective property tax rate of 1.83%, which is significantly higher than the national median of 1.02%. This means homeowners in Eaton Rapids may face higher property tax bills compared to many other places in the country. However, within Michigan, Eaton Rapids' tax rate aligns precisely with the state's median rate, indicating a consistency in tax assessments across the region. Understanding these rates can help property owners anticipate their annual tax liabilities and make informed decisions about property investments.

Property Tax Rates Across Eaton Rapids, Ingham County, Michigan

Source: Ownwell

1.13%

1.87%

2.61%

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

1.83%

Median Effective Ingham County Tax Rate

2.06%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Eaton Rapids, Ingham County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48827	1.14%	1.29%	1.83%	2.15%	2.56%

Source: Ownwell

Property Tax Assessment Values Across Eaton Rapids, Ingham County, Michigan

When examining property taxes in Eaton Rapids, 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 Ingham 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 Ingham 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 Eaton Rapids.

For example, the median home price in Eaton Rapids is $224,800, with tax bills ranging significantly across the county. Zip code 48827 has the highest median home price at $224,800.

Property Tax Assessment Values Across Eaton Rapids, Ingham County, Michigan

Source: Ownwell

$85,200

$197,600

$310,000

Median Eaton Rapids Market Value

$224,800

Median Ingham County Market Value

$152,200

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Eaton Rapids, Ingham County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48827	$100,300	$166,200	$224,800	$290,900	$381,300

Source: Ownwell

Property Tax Bills Across Eaton Rapids, Ingham County, Michigan

In Eaton Rapids, located in Ingham County, MI, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as local government budgets and school district funding needs can influence the tax rate. Homeowners in Eaton Rapids face a median tax bill of $3,656, which is significantly above the national median of $2,400. This can pose a financial challenge for many, especially when compared to the national median property tax rate of 1.02%.

Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing local market trends and assessed values, Ownwell helps homeowners identify potential discrepancies in their assessments. This can lead to reduced tax liabilities, offering significant savings. With expert guidance, homeowners can navigate the appeal process more effectively, ensuring they pay only their fair share in property taxes.

Property Tax Bills Across Eaton Rapids, Ingham County, Michigan

Source: Ownwell

$2,131

$4,083

$6,034

Median Eaton Rapids Tax Bill

$3,656

Median Ingham County Tax Bill

$3,019

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Eaton Rapids, Ingham County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48827	$1,685	$2,524	$3,656	$5,342	$6,756

Source: Ownwell