Grand Ledge, Ionia County, Michigan Property Taxes
Median Grand Ledge, MI effective property tax rate: 0.43%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Grand Ledge, MI home value: $174,600
Median annual Grand Ledge, MI tax bill: $777, $1,623 lower than the national median property tax bill of $2,400.
How are property taxes in Ionia calculated?
Property taxes in Grand Ledge, 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 Grand Ledge’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Grand Ledge, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Grand Ledge, Ionia County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.1%
Estimate Property Tax Bill
$2,400
$2,227
Property Tax Rates Across Grand Ledge, Ionia County, Michigan
Local government entities set tax rates, which can vary widely within a state. This is because each county annually estimates its required budget for providing services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Grand Ledge, located in Ionia County, Michigan, the effective property tax rate is notably lower than both the state and national medians. With a median property tax rate of 0.43%, Grand Ledge offers a more favorable tax environment compared to the national median of 1.02%. This makes Grand Ledge an attractive option for property owners seeking to minimize their tax burden.
Comparatively, Michigan's property tax rates can vary significantly, but Grand Ledge's rate positions it as a competitive choice within the state. The city's effective tax rate being the same across its zip codes further emphasizes its consistency and appeal. Whether considering relocation or investment, understanding these tax dynamics can be crucial for making informed decisions.
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 Grand Ledge Tax Rate
1.10%
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
1.06%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Grand Ledge, Ionia County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48837 | 0.86% | 0.98% | 1.10% | 1.36% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Grand Ledge, Ionia County, Michigan
When examining property taxes in Grand Ledge, 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 Grand Ledge.
For example, the median home price in Grand Ledge is $174,600, with tax bills ranging significantly across the county. Zip code 48837 has the highest median home price at $174,600.
Property Tax Assessment Values Across Grand Ledge, Ionia County, Michigan
Source: Ownwell
$92,900
$213,350
$333,800
Median Grand Ledge Market Value
$218,200
Median Ionia County Market Value
$186,400
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Grand Ledge, Ionia County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48837 | $126,760 | $159,000 | $218,200 | $311,400 | $369,200 |
Source: Ownwell
Property Tax Bills Across Grand Ledge, Ionia County, Michigan
In Grand Ledge, MI, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value, which is typically a percentage of the market value. With a median home price of $174,600, the property tax bill can vary significantly across different percentiles. For instance, the 25th percentile tax bill is $585, while the 75th percentile reaches $1,055, and the 90th percentile is $1,369. These figures highlight the variability in tax obligations faced by homeowners.
Compared to the national median property tax rate of 1.02%, Grand Ledge homeowners may find themselves paying more or less, depending on their property's assessed value. This variability can significantly impact household budgets. Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing your property's assessed value and comparing it to similar properties, Ownwell can help identify potential savings. Their expertise in navigating the appeals process can lead to reduced tax bills, ensuring homeowners in Grand Ledge pay only their fair share.
Median Grand Ledge Tax Bill
$2,639
Median Ionia County Tax Bill
$2,034
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Grand Ledge, Ionia County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48837 | $1,239 | $1,835 | $2,639 | $3,343 | $4,405 |
Source: Ownwell