Schoolcraft, Kalamazoo County, Michigan Property Taxes

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

Median Schoolcraft, MI effective property tax rate: 0.45%, significantly lower than the national median of 1.02%, and lower than the Michigan state median of 1.07%.
Median Schoolcraft, MI home value: $251,700
Median annual Schoolcraft, MI tax bill: $1,302, $1,098 lower than the national median property tax bill of $2,400.

How are property taxes in Kalamazoo calculated?

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

Last Updated March 1, 2025

Schoolcraft, Kalamazoo County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.39%

Estimate Property Tax Bill

$1,216

$1,128

Ownwell’s Schoolcraft Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Schoolcraft with just two data points. By entering your property's estimated assessed value, our calculator applies Schoolcraft’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 Schoolcraft, Kalamazoo 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 Schoolcraft’s effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S.

In Schoolcraft, located in Kalamazoo County, property tax rates are significantly lower than the national median of 1.02%. This lower rate can be attributed to the county's budgeting needs and the total assessed value of properties. While the national median property tax bill stands at $2,400, property owners in Schoolcraft benefit from a more affordable tax burden. This difference highlights the importance of understanding local tax dynamics and how they can impact property ownership costs. By comparing these rates, property owners can make informed decisions and potentially seek appeals or exemptions to optimize their tax liabilities.

Property Tax Rates Across Schoolcraft, Kalamazoo County, Michigan

Source: Ownwell

0.28%

0.86%

1.43%

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 Schoolcraft Tax Rate

0.39%

Median Effective Kalamazoo County Tax Rate

0.71%

Median Effective Michigan Tax Rate

1.05%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Schoolcraft, Kalamazoo County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49087	0.29%	0.33%	0.39%	0.72%	1.00%

Source: Ownwell

Property Tax Assessment Values Across Schoolcraft, Kalamazoo County, Michigan

When examining property taxes in Schoolcraft, 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 Schoolcraft. For example, the median home price in Schoolcraft is $251,700, with tax bills ranging significantly across the county. 49087 has the highest median home price at $251,700.

Property Tax Assessment Values Across Schoolcraft, Kalamazoo County, Michigan

Source: Ownwell

$103,900

$290,650

$477,400

Median Schoolcraft Market Value

$311,800

Median Kalamazoo County Market Value

$242,200

Median Michigan Market Value

$213,740

Median United States Market Value

$235,294

Property Tax Assessment Values Across Schoolcraft, Kalamazoo County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49087	$121,800	$199,800	$311,800	$440,800	$566,600

Source: Ownwell

Property Tax Bills Across Schoolcraft, Kalamazoo County, Michigan

In Schoolcraft, located in Kalamazoo County, MI, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as the home's location, size, and improvements can influence its assessed value. For homeowners in Schoolcraft, the property tax bill can vary significantly, with amounts ranging from $934 at the 25th percentile to $2,316 at the 90th percentile. The median tax bill for the area is $1,302, which is below the national median of $2,400. This discrepancy can affect homeowners' financial planning, especially when property values rise. Ownwell assists homeowners by appealing their property tax assessments, potentially reducing their tax burden. By leveraging local expertise and understanding the nuances of the tax code, Ownwell can help homeowners ensure they are not overpaying, ultimately leading to significant savings on their property tax bills.

Property Tax Bills Across Schoolcraft, Kalamazoo County, Michigan

Source: Ownwell

$586

$2,252

$3,917

Median Schoolcraft Tax Bill

$1,376

Median Kalamazoo County Tax Bill

$1,595

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Schoolcraft, Kalamazoo County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49087	$627	$991	$1,376	$1,848	$2,443

Source: Ownwell