Fenwick, Ionia County, Michigan Property Taxes
Median Fenwick, MI effective property tax rate: 0.41%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Fenwick, MI home value: $136,600
Median annual Fenwick, MI tax bill: $557, $1,843 lower than the national median property tax bill of $2,400.
How are property taxes in Ionia calculated?
Property taxes in Fenwick, 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 Fenwick’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fenwick, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Fenwick, Ionia County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.41%
Estimate Property Tax Bill
$560
$520
Ownwell’s Fenwick Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fenwick with just two data points. By entering your property's estimated assessed value, our calculator applies Fenwick’s 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 Ionia County. For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Fenwick, Ionia 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 votes and laws are involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Fenwick, located in Ionia County, the effective property tax rate stands at 0.41%. This rate is notably lower than the national median property tax rate of 1.02%. Such a difference can significantly impact the annual property tax bill for homeowners. In Fenwick, property owners benefit from a tax rate that is less than half the national median, offering substantial savings when compared to other regions. This low rate is consistent across the zip code 48834, making it one of the most tax-friendly areas in Michigan. For homeowners seeking to optimize their tax expenses, Fenwick presents an attractive option with its favorable property tax environment.
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 Fenwick Tax Rate
0.41%
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 Ionia County Tax Rate
0.49%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Fenwick, Ionia County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48834 | 0.28% | 0.34% | 0.41% | 0.51% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Fenwick, Ionia County, Michigan
When examining property taxes in Fenwick, 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 Ionia 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 Ionia 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 Fenwick. For example, the median home price in Fenwick is $136,600, with tax bills ranging significantly across the county. Zip code 48834 has the highest median home price at $136,600.
Property Tax Assessment Values Across Fenwick, Ionia County, Michigan
Source: Ownwell
$68,800
$158,000
$247,200
Median Fenwick Market Value
$136,600
Median Ionia County Market Value
$146,400
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Fenwick, Ionia County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48834 | $56,520 | $92,400 | $136,600 | $201,600 | $295,880 |
Source: Ownwell
Property Tax Bills Across Fenwick, Ionia County, Michigan
Median Fenwick Tax Bill
$557
Median Ionia County Tax Bill
$910
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Fenwick, Ionia County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48834 | $239 | $375 | $557 | $851 | $1,293 |
Source: Ownwell
