Belding, Montcalm County, Michigan Property Taxes
Median Belding, MI effective property tax rate: 0.90%, significantly lower than the national median of 1.02%, and higher than the Michigan state median of 1.05%.
Median Belding, MI home value: $263,800
Median annual Belding, MI tax bill: $2,527, $127 higher than the national median property tax bill of $2,400.
How are property taxes in Montcalm calculated?
Property taxes in Belding, 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 Belding's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Belding, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Belding, Montcalm County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.9%
Estimate Property Tax Bill
$2,374
$2,203
Property Tax Rates Across Belding, Montcalm County, Michigan
Local government entities are responsible for setting property tax rates, which can significantly differ within a state. Each year, counties estimate their budget needs to fund essential services and divide this amount by the total assessed value of all taxable properties in their jurisdiction. This calculation determines the property tax rate. Although the process involves votes and legislation, this is the annual routine in a nutshell.
In Belding, located in Montcalm County, the effective property tax rate is lower than the national median of 1.02%. This positions Belding as an attractive location for homeowners seeking lower property tax rates compared to the national average. The median property tax rate in Michigan is 0.90%, which aligns with the rate in Belding. This consistency offers a stable and predictable tax environment for property owners.
By comparing Belding's property tax rate to other cities in Michigan and the national median, homeowners can make informed decisions about property investments. Understanding these rates is crucial for budgeting and long-term financial planning, providing a clear picture of potential tax liabilities.
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 Belding Tax Rate
0.90%
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 Montcalm County Tax Rate
0.91%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Belding, Montcalm County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48809 | 0.74% | 0.80% | 0.90% | 1.06% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Belding, Montcalm County, Michigan
When examining property taxes in Belding, 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 Montcalm 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 Montcalm 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 Belding.
For example, the median home price in Belding is $263,800, with tax bills ranging significantly across the county. ZIP code 48809 has the highest median home price at $263,800.
Property Tax Assessment Values Across Belding, Montcalm County, Michigan
Source: Ownwell
$97,300
$180,550
$263,800
Median Belding Market Value
$263,800
Median Montcalm County Market Value
$183,200
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Belding, Montcalm County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48809 | $197,400 | $215,800 | $263,800 | $427,800 | $574,080 |
Source: Ownwell
Property Tax Bills Across Belding, Montcalm County, Michigan
In Belding, located in Montcalm County, Michigan, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor and typically represents 50% of the market value. The tax rate, set by local government entities, is then applied to this assessed value. Various factors, such as property improvements and neighborhood developments, can influence the assessed value, potentially increasing a homeowner's tax bill. The median property tax bill in Belding is $2,527, which is slightly above the national median of $2,400, indicating a relatively average property tax burden for homeowners in the area.
Ownwell offers valuable assistance to homeowners by identifying potential savings on property taxes. By analyzing property assessments and ensuring they are fair and accurate, Ownwell can help homeowners file appeals to lower their tax bills. This service can be particularly beneficial for those whose tax bills fall within the higher percentiles, such as the 75th percentile at $3,874 or the 90th percentile at $5,067, providing significant financial relief.
Median Belding Tax Bill
$2,527
Median Montcalm County Tax Bill
$1,657
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Belding, Montcalm County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48809 | $1,857 | $2,078 | $2,527 | $3,874 | $5,067 |
Source: Ownwell