Coral, Montcalm County, Michigan Property Taxes
Median CORAL, MI effective property tax rate: 0.91%, significantly lower than the national median of 1.02%, and lower than the Michigan state median of 1.05%.
Median CORAL, MI home value: $186,800
Median annual CORAL, MI tax bill: $1,749, $651 lower than the Michigan state median property tax bill and considerably lower than the national median property tax bill of $2,400.
How are property taxes in Montcalm calculated?
Property taxes in CORAL, 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 CORAL's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in CORAL, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Coral, Montcalm County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.91%
Estimate Property Tax Bill
$1,700
$1,577
Property Tax Rates Across Coral, Montcalm County, Michigan
Local government entities are responsible for setting property tax rates, which can differ significantly across various regions within a state. This variation occurs because each county must annually estimate its budgetary needs to fund essential services. They then divide this budget by the total assessed value of all taxable properties within their jurisdiction, resulting in the property tax rate. Although the process involves votes and legislative measures, this calculation is the core method for determining tax rates each year.
In Coral, located in Montcalm County, Michigan, the effective property tax rate is notably lower than the national median of 1.02%. Comparatively, Montcalm County's rate is also lower than the overall state and national averages. This means that property owners in Coral may benefit from lower tax bills relative to other regions in the state and across the country, where the national median property tax bill is approximately $2,400. Understanding these differences can be crucial for homeowners looking to manage their expenses effectively and make informed decisions about property ownership 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 Coral Tax Rate
0.91%
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 Coral, Montcalm County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49322 | 0.58% | 0.70% | 0.91% | 1.23% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Coral, Montcalm County, Michigan
When examining property taxes in Coral, 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 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 Coral. For example, the median home price in Coral is $186,800, with tax bills ranging significantly across the county. Zip code 49322 has the highest median home price at $186,800.
Property Tax Assessment Values Across Coral, Montcalm County, Michigan
Source: Ownwell
$97,300
$180,550
$263,800
Median Coral Market Value
$186,800
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 Coral, Montcalm County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49322 | $57,780 | $114,550 | $186,800 | $289,550 | $405,540 |
Source: Ownwell
Property Tax Bills Across Coral, Montcalm County, Michigan
In Coral, Montcalm County, MI, property tax bills are determined by assessing the property's value and applying the local tax rate. The assessed value is typically a percentage of the market value, and the tax rate is set by local governments. Homeowners in Coral face a median tax bill of $1,749, which is below the national median of $2,400. However, tax bills can vary widely, with some homeowners paying as little as $901 or as much as $4,308, depending on their property's assessed value and location within the county. Factors such as property improvements or changes in market conditions can influence these assessments, impacting the overall tax bill.
Ownwell can assist homeowners in Coral by reviewing their property assessments to ensure accuracy and fairness. If discrepancies are found, Ownwell can file appeals to potentially lower the tax burden. By leveraging expertise in property tax laws and local market trends, Ownwell helps homeowners navigate the complexities of property tax assessments, ultimately aiming to reduce their annual tax bills.
Median Coral Tax Bill
$1,749
Median Montcalm County Tax Bill
$1,657
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Coral, Montcalm County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49322 | $487 | $901 | $1,749 | $2,822 | $4,308 |
Source: Ownwell