Casnovia, Kent County, Michigan Property Taxes
Median Casnovia, MI effective property tax rate: 0.72%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Casnovia, MI home value: $166,700
Median annual Casnovia, MI tax bill: $1,186, $1,214 lower than the national median property tax bill of $2,400.
How are property taxes in Kent County calculated?
Property taxes in Casnovia, 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 Casnovia’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Casnovia, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Casnovia, Kent County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.69%
Estimate Property Tax Bill
$1,412
$1,310
Property Tax Rates Across Casnovia, Kent County, Michigan
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services, 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.
Casnovia in Kent County, Michigan, has an effective property tax rate of 0.72%. This is significantly lower than the national median property tax rate of 1.02%. The property tax rate in Casnovia is also consistent with the highest and lowest rates within the area, reflecting a uniformity in tax assessments. Compared to other cities in Michigan, Casnovia's rate demonstrates a competitive edge, offering residents a potential advantage in terms of lower property tax bills. The median property tax bill here is likely more affordable than the national median of $2,400. This makes Casnovia an attractive location for homeowners looking to benefit from lower property taxes while enjoying the services funded by these taxes.
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 Casnovia Tax Rate
0.69%
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 Kent County Tax Rate
0.84%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Casnovia, Kent County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49318 | 0.51% | 0.57% | 0.69% | 0.82% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Casnovia, Kent County, Michigan
When examining property taxes in Casnovia, 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 Kent 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 Kent County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Casnovia. For example, the median home price in Casnovia is $166,700, with tax bills ranging significantly across the county. Zip code 49318 has the highest median home price at $166,700.
Property Tax Assessment Values Across Casnovia, Kent County, Michigan
Source: Ownwell
$204,600
$394,300
$584,000
Median Casnovia Market Value
$204,600
Median Kent County Market Value
$309,200
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Casnovia, Kent County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49318 | $141,600 | $172,200 | $204,600 | $253,600 | $309,000 |
Source: Ownwell
Property Tax Bills Across Casnovia, Kent County, Michigan
Median Casnovia Tax Bill
$1,343
Median Kent County Tax Bill
$2,741
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Casnovia, Kent County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49318 | $959 | $1,098 | $1,343 | $1,812 | $2,568 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Kent Tax Assessor | |
| Website | www.accesskent.com |