Jerome, Jackson County, Michigan Property Taxes
Median Jerome, MI effective property tax rate: 0.89%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Jerome, MI home value: $242,800
Median annual Jerome, MI tax bill: $2,247, $153 lower than the national median property tax bill of $2,400.
How are property taxes in Jackson calculated?
Property taxes in Jerome, 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 Jerome’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Jerome, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Jerome, Jackson County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.98%
Estimate Property Tax Bill
$2,681
$2,488
Property Tax Rates Across Jerome, Jackson County, Michigan
Local government entities set tax rates, which can vary widely within a state. Annually, 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. Below, you can compare Jerome’s effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S.
In Jerome, the property tax rate stands at 0.89%, which is the same as the highest and lowest rates in the state, both found in the 49249 zip code. This rate is below the national median property tax rate of 1.02%, suggesting that property owners in Jerome may benefit from relatively lower property tax obligations compared to other regions across the country. Understanding these rates can be crucial for property owners looking to manage their tax liabilities effectively.
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 Jerome Tax Rate
0.98%
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 Jackson County Tax Rate
1.27%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Jerome, Jackson County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49249 | 0.69% | 0.76% | 0.98% | 1.29% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Jerome, Jackson County, Michigan
When examining property taxes in Jerome, 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 Jackson 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 Jackson 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 Jerome. For example, the median home price in Jerome is $242,800, with tax bills ranging significantly across the county. Zip code 49249 has the highest median home price at $242,800.
Property Tax Assessment Values Across Jerome, Jackson County, Michigan
Source: Ownwell
$114,100
$234,725
$355,350
Median Jerome Market Value
$273,600
Median Jackson County Market Value
$175,000
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Jerome, Jackson County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49249 | $121,700 | $158,200 | $273,600 | $426,050 | $592,280 |
Source: Ownwell
Property Tax Bills Across Jerome, Jackson County, Michigan
Median Jerome Tax Bill
$2,726
Median Jackson County Tax Bill
$2,223
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Jerome, Jackson County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49249 | $1,036 | $1,477 | $2,726 | $4,705 | $6,445 |
Source: Ownwell