Lowell, Kent County, Michigan Property Taxes
Median Lowell, MI effective property tax rate: 0.82%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%. Median Lowell, MI home value: $287,600. Median annual Lowell, MI tax bill: $2,417, $17 higher than the national median property tax bill of $2,400.
How are property taxes in Kent County calculated?
Property taxes in Lowell, 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 Lowell’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lowell, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lowell, Kent County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.82%
Estimate Property Tax Bill
$2,358
$2,188
Ownwell’s Lowell Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lowell with just two data points.
By entering your property's estimated assessed value, our calculator applies Lowell’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 Kent County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Lowell, Kent County, Michigan
Local government entities establish tax rates, and these can differ significantly within a state. This variation occurs because each county annually estimates its necessary budget for services and divides it by the total value of all taxable property in its jurisdiction, resulting in the property tax rate. Although setting tax rates and budgets involves votes and legislation, this is essentially the annual procedure.
In Lowell, located in Kent County, Michigan, the effective property tax rate is 0.82%. This rate is in line with the highest and lowest median tax rates within the state, both of which are also 0.82%, indicating a uniformity in tax rates across different areas within the state. When comparing this to the national median property tax rate of 1.02%, Lowell's rate is lower, offering potential savings for property owners in the area. Similarly, the national median property tax bill of $2,400 suggests that property owners in Lowell may benefit from a more favorable tax situation. Understanding these rates can help residents make informed decisions about property ownership and investments in Michigan.
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 Lowell Tax Rate
0.82%
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
0.89%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lowell, Kent County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49331 | 0.61% | 0.67% | 0.82% | 1.03% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Lowell, Kent County, Michigan
When examining property taxes in Lowell, 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 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 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 Lowell.
For example, the median home price in Lowell is $287,600, with tax bills ranging significantly across the county. 49331 has the highest median home price at $287,600.
Property Tax Assessment Values Across Lowell, Kent County, Michigan
Source: Ownwell
$165,400
$316,600
$467,800
Median Lowell Market Value
$287,600
Median Kent County Market Value
$248,400
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lowell, Kent County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49331 | $159,280 | $204,800 | $287,600 | $394,100 | $535,560 |
Source: Ownwell
Property Tax Bills Across Lowell, Kent County, Michigan
Median Lowell Tax Bill
$2,417
Median Kent County Tax Bill
$2,321
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Lowell, Kent County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49331 | $1,320 | $1,814 | $2,417 | $3,320 | $4,482 |
Source: Ownwell