Muir, Ionia County, Michigan Property Taxes
Median Muir, MI effective property tax rate: 0.62%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Muir, MI home value: $104,600
Median annual Muir, MI tax bill: $671, $1,729 lower than the national median property tax bill of $2,400.
How are property taxes in Ionia calculated?
Property taxes in Muir, 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 Muir’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Muir, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Muir, Ionia County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.08%
Estimate Property Tax Bill
$1,477
$1,371
Property Tax Rates Across Muir, Ionia 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 services and dividing 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.
In Muir, located in Ionia County, Michigan, the effective property tax rate is 0.62%. This rate is notably lower than the national median property tax rate of 1.02%. Compared to other cities in Michigan, Muir's property tax rate stands out for being relatively low. The national median property tax bill is $2,400, but residents in Muir benefit from a more favorable tax rate, potentially leading to lower annual tax bills.
Understanding these differences in tax rates can be crucial for property owners and potential buyers. By comparing Muir’s tax rate to both state and national medians, property owners can gain insights into their financial obligations and make more informed decisions regarding property investments and tax appeals.
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 Muir Tax Rate
1.08%
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 Muir, Ionia County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48860 | 0.64% | 0.88% | 1.08% | 1.46% | 1.91% |
Source: Ownwell
Property Tax Assessment Values Across Muir, Ionia County, Michigan
When examining property taxes in Muir, 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 Muir. For example, the median home price in Muir is $104,600, with tax bills ranging significantly across the county. 48860 has the highest median home price at $104,600.
Property Tax Assessment Values Across Muir, Ionia County, Michigan
Source: Ownwell
$92,900
$213,350
$333,800
Median Muir Market Value
$136,800
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 Muir, Ionia County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48860 | $41,480 | $87,300 | $136,800 | $204,350 | $308,140 |
Source: Ownwell
Property Tax Bills Across Muir, Ionia County, Michigan
In Muir, located in Ionia County, MI, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Muir is $104,600, contributing to a median property tax bill of $671. This rate is significantly lower than the national median property tax bill of $2,400. Homeowners in Muir may find that their tax bills fall within a range from $414 at the 25th percentile to $1,321 at the 90th percentile, depending on the specific assessed value of their property and applicable exemptions. These tax bills impact homeowners by influencing their overall housing costs and financial planning.
Ownwell assists homeowners in reducing their property tax bills by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying potential discrepancies or overlooked exemptions, Ownwell can help ensure that homeowners are not overpaying on their property taxes, potentially saving them a significant amount of money annually.
Median Muir Tax Bill
$1,434
Median Ionia County Tax Bill
$2,034
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Muir, Ionia County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48860 | $567 | $965 | $1,434 | $2,176 | $3,324 |
Source: Ownwell