Otsego, Kalamazoo County, Michigan Property Taxes

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

Median Otsego, MI effective property tax rate: 0.35%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Otsego, MI home value: $232,400
Median annual Otsego, MI tax bill: $820, $1,580 lower than the national median property tax bill of $2,400.

How are property taxes in Kalamazoo calculated?

Property taxes in Otsego, 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 Otsego’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Otsego, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Otsego, Kalamazoo County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.35%

Estimate Property Tax Bill

$813

$755

Ownwell’s Otsego Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Otsego with just two data points.

By entering your property's estimated assessed value, our calculator applies Otsego’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 Kalamazoo.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Otsego, Kalamazoo County, Michigan

Local government entities determine tax rates, leading to significant variations within Michigan. Annually, each county, including Otsego in Kalamazoo County, estimates its budget needs for essential services. This budget is then divided by the total value of all taxable properties within the county, resulting in the property tax rate. While votes and laws play a role in this process, this is the basic annual procedure.

In Otsego, the effective property tax rate reflects these calculations. When compared to other cities in Michigan, Otsego's rate offers a unique perspective on how local tax burdens are distributed. Michigan's median property tax rate is significantly lower than the national median of 1.02%, making Otsego an attractive option for property owners. Understanding these rates helps property owners make informed decisions about their investments and financial planning.

By comparing Otsego’s tax rate to the state and national medians, property owners can better assess their financial obligations and potential savings. This insight is invaluable for those looking to optimize their property tax liabilities.

Property Tax Rates Across Otsego, Kalamazoo County, Michigan

Source: Ownwell

0.35%

0.98%

1.62%

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 Otsego Tax Rate

0.35%

Median Effective Kalamazoo County Tax Rate

0.87%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Otsego, Kalamazoo County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49078	0.27%	0.32%	0.35%	0.39%	0.46%

Source: Ownwell

Property Tax Assessment Values Across Otsego, Kalamazoo County, Michigan

When examining property taxes in Otsego, 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 Kalamazoo 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 Kalamazoo 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 Otsego. For example, the median home price in Otsego is $232,400, with tax bills ranging significantly across the county. Zip code 49078 has the highest median home price at $232,400.

Property Tax Assessment Values Across Otsego, Kalamazoo County, Michigan

Source: Ownwell

$78,800

$232,650

$386,500

Median Otsego Market Value

$232,400

Median Kalamazoo County Market Value

$197,650

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Otsego, Kalamazoo County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49078	$125,640	$167,000	$232,400	$319,050	$452,340

Source: Ownwell

Property Tax Bills Across Otsego, Kalamazoo County, Michigan

In Otsego, located in Kalamazoo County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Otsego stands at $232,400, with property tax bills ranging from the 25th percentile at $577 to the 90th percentile at $1,494. These figures are notably below the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Homeowners in Otsego can find their property tax bills influenced by factors such as local government budgets and school district funding needs. This financial obligation can be a significant expense for homeowners, impacting their annual budgets. Ownwell offers valuable assistance by providing property tax appeal and exemption services, potentially reducing these costs. By leveraging expertise in local tax regulations and assessment practices, Ownwell helps homeowners navigate the complexities of property tax appeals, ensuring they pay only what is fair and potentially leading to substantial savings.

Property Tax Bills Across Otsego, Kalamazoo County, Michigan

Source: Ownwell

$559

$2,134

$3,709

Median Otsego Tax Bill

$820

Median Kalamazoo County Tax Bill

$1,531

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Otsego, Kalamazoo County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49078	$413	$577	$820	$1,089	$1,494

Source: Ownwell