Gowen, Montcalm County, Michigan Property Taxes
Median Gowen, MI effective property tax rate: 0.78%, significantly lower than the national median of 1.02%, and higher than the Michigan state median of 1.05%.
Median Gowen, MI home value: $203,400
Median annual Gowen, MI tax bill: $1,514, $886 lower than the national median property tax bill of $2,400.
How are property taxes in Montcalm calculated?
Property taxes in Gowen, 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 Gowen's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gowen, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gowen, Montcalm County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.78%
Estimate Property Tax Bill
$1,587
$1,472
Property Tax Rates Across Gowen, Montcalm County, Michigan
Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides 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.
In Gowen, Montcalm County, the effective property tax rate is notably lower than the national median of 1.02%. This can be advantageous for property owners in the area, as it translates to a lower tax bill compared to other regions with higher rates. When compared to the national median property tax bill of $2,400, residents in Gowen may find themselves paying less, which could be a key factor for those considering property investment or relocation to the area. The consistency in property tax rates within Montcalm County suggests a stable economic environment, providing residents with predictability in their annual expenses.
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 Gowen Tax Rate
0.78%
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 Gowen, Montcalm County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49326 | 0.59% | 0.64% | 0.78% | 1.06% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Gowen, Montcalm County, Michigan
When examining property taxes in Gowen, 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 Gowen. For example, the median home price in Gowen is $203,400, with tax bills ranging significantly across the county. Zip code 49326 has the highest median home price at $203,400.
Property Tax Assessment Values Across Gowen, Montcalm County, Michigan
Source: Ownwell
$97,300
$180,550
$263,800
Median Gowen Market Value
$203,400
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 Gowen, Montcalm County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49326 | $77,000 | $123,600 | $203,400 | $320,600 | $406,000 |
Source: Ownwell
Property Tax Bills Across Gowen, Montcalm County, Michigan
Median Gowen Tax Bill
$1,514
Median Montcalm County Tax Bill
$1,657
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Gowen, Montcalm County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49326 | $689 | $988 | $1,514 | $2,564 | $3,736 |
Source: Ownwell