Coleman, Midland County, Michigan Property Taxes
Median Coleman, MI effective property tax rate: 0.43%, significantly lower than the national median of 1.02% and also lower than the Michigan state median of 1.07%.
Median Coleman, MI home value: $124,000
Median annual Coleman, MI tax bill: $648, $1,752 lower than the national median property tax bill of $2,400.
How are property taxes in Midland calculated?
Property taxes in Coleman, 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 Coleman’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Coleman, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Coleman, Midland County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.43%
Estimate Property Tax Bill
$533
$495
Property Tax Rates Across Coleman, Midland County, Michigan
Local government entities determine tax rates, which can differ significantly within a state. This variation arises because each county, such as Midland County, annually assesses its required budget to provide services. The county then divides this budget by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Coleman, located in Midland County, the effective property tax rate is 0.43%. This rate is notably lower than both Michigan's median property tax rate and the national median of 1.02%. In fact, Coleman's rate is among the lowest in the state, offering residents significant savings compared to other regions. The national median property tax bill stands at $2,400, highlighting the cost-effectiveness of living in Coleman. By choosing Coleman, residents benefit from a favorable tax environment, making it an attractive option for property owners seeking to minimize their tax burden while enjoying the services provided by the local government.
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 Coleman Tax Rate
0.43%
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 Midland County Tax Rate
0.54%
Median Effective Michigan Tax Rate
1.07%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Coleman, Midland County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48618 | 0.31% | 0.37% | 0.43% | 0.55% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Coleman, Midland County, Michigan
When examining property taxes in Coleman, 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 Midland 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 Midland 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 Coleman. For example, the median home price in Coleman is $124,000, with tax bills ranging significantly across the county. Zip code 48618 has the highest median home price at $124,000.
Property Tax Assessment Values Across Coleman, Midland County, Michigan
Source: Ownwell
$77,200
$126,100
$175,000
Median Coleman Market Value
$124,000
Median Midland County Market Value
$158,800
Median Michigan Market Value
$177,800
Median United States Market Value
$235,294
Property Tax Assessment Values Across Coleman, Midland County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48618 | $48,740 | $82,100 | $124,000 | $186,800 | $261,840 |
Source: Ownwell
Property Tax Bills Across Coleman, Midland County, Michigan
Median Coleman Tax Bill
$648
Median Midland County Tax Bill
$1,273
Median Michigan Tax Bill
$1,795
Median United States Tax Bill
$2,400
Property Tax Bills Across Coleman, Midland County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48618 | $222 | $397 | $648 | $977 | $1,370 |
Source: Ownwell