Rapid City, Kalkaska County, Michigan Property Taxes

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

Median RAPID CITY, MI effective property tax rate: 0.85%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median RAPID CITY, MI home value: $178,000
Median annual RAPID CITY, MI tax bill: $1,535, $865 lower than the national median property tax bill of $2,400.

How are property taxes in Kalkaska calculated?

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

Last Updated March 1, 2025

Rapid City, Kalkaska County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.85%

Estimate Property Tax Bill

$1,513

$1,404

Ownwell’s Rapid City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Rapid City with just two data points. By entering your property's estimated assessed value, our calculator applies Rapid City’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 Kalkaska County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Rapid City, Kalkaska County, Michigan

Local government entities are responsible for setting tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates the budget necessary to provide essential services and divides this by the total value of all taxable property in its jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in establishing tax rates and budgets, this is essentially the annual procedure.

In Rapid City, located in Kalkaska County, Michigan, the effective property tax rate can be compared to other cities within the state and the median rates in Michigan and across the United States. While the national median property tax rate is 1.02%, Rapid City's rate offers a point of comparison that highlights the diversity of tax rates within Michigan. Understanding these differences is crucial for property owners seeking to manage their tax liabilities effectively. By appealing property taxes or exploring exemptions, property owners can potentially reduce their annual tax burden, making it essential to stay informed about local tax trends and regulations.

Property Tax Rates Across Rapid City, Kalkaska County, Michigan

Source: Ownwell

0.77%

0.93%

1.09%

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 Rapid City Tax Rate

0.85%

Median Effective Kalkaska County Tax Rate

0.93%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Rapid City, Kalkaska County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49676	0.55%	0.69%	0.85%	1.14%	1.53%

Source: Ownwell

Property Tax Assessment Values Across Rapid City, Kalkaska County, Michigan

When examining property taxes in Rapid City, Michigan, 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 Kalkaska 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 Kalkaska 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 Rapid City. For example, the median home price in Rapid City is $178,000, with tax bills ranging significantly across the county. 49676 has the highest median home price at $178,000.

Property Tax Assessment Values Across Rapid City, Kalkaska County, Michigan

Source: Ownwell

$127,200

$222,700

$318,200

Median Rapid City Market Value

$178,000

Median Kalkaska County Market Value

$137,400

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Rapid City, Kalkaska County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49676	$55,600	$100,900	$178,000	$300,400	$584,920

Source: Ownwell

Property Tax Bills Across Rapid City, Kalkaska County, Michigan

In Rapid City, Kalkaska County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is typically a percentage of the home's market value. Homeowners in this area face a median property tax bill of $1,535, which is below the national median of $2,400. Factors such as property improvements, location, and market trends can influence this assessed value, potentially impacting the tax bill. The variability in tax bills is significant, with the 25th percentile at $897 and the 90th percentile reaching up to $5,532, indicating a wide range of tax burdens for homeowners. This variability can be challenging, but Ownwell offers a solution by providing property tax appeal services. By analyzing your property's assessed value and comparing it to market trends, Ownwell can help identify discrepancies and potentially reduce your tax bill, ensuring you pay only what is fair. This service can lead to substantial savings for homeowners, alleviating some of the financial burdens associated with property taxes.

Property Tax Bills Across Rapid City, Kalkaska County, Michigan

Source: Ownwell

$1,070

$1,869

$2,667

Median Rapid City Tax Bill

$1,535

Median Kalkaska County Tax Bill

$1,200

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Rapid City, Kalkaska County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49676	$486	$897	$1,535	$2,696	$5,532

Source: Ownwell