Riverdale, Montcalm County, Michigan Property Taxes

Name: Property Tax Bills Across Riverdale, Montcalm County, Michigan
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Riverdale, MI effective property tax rate: 0.95%, significantly lower than the national median of 1.02%, and lower than the Michigan state median of 1.05%.
Median Riverdale, MI home value: $147,900
Median annual Riverdale, MI tax bill: $1,378, $1,022 lower than the national median property tax bill of $2,400.

How are property taxes in Montcalm calculated?

Property taxes in Riverdale, 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 Riverdale's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Riverdale, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Riverdale, Montcalm County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.95%

Estimate Property Tax Bill

$1,405

$1,304

Ownwell’s Riverdale Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Riverdale with just two data points. By entering your property's estimated assessed value, our calculator applies Riverdale’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 Montcalm County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Riverdale, 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. Below, you can compare Riverdale’s effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S. Riverdale, located in Montcalm County, has a property tax rate that is lower than the county's average. The effective property tax rate in Riverdale is 0.95%, which is slightly below the national median of 1.02%. This makes Riverdale an attractive location for homeowners seeking lower property taxes. Compared to the national median property tax bill of $2400, Riverdale offers a more affordable living option. The uniformity of the tax rate within the area ensures predictability for property owners, making it easier to budget for annual expenses.

Property Tax Rates Across Riverdale, Montcalm County, Michigan

Source: Ownwell

0.68%

0.88%

1.07%

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 Riverdale Tax Rate

0.95%

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 Riverdale, Montcalm County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48877	0.60%	0.78%	0.95%	1.15%	1.59%

Source: Ownwell

Property Tax Assessment Values Across Riverdale, Montcalm County, Michigan

When examining property taxes in Riverdale, 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 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 March. 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 Riverdale. For example, the median home price in Riverdale is $147,900, with tax bills ranging significantly across the county. Zip code 48877 has the highest median home price at $147,900.

Property Tax Assessment Values Across Riverdale, Montcalm County, Michigan

Source: Ownwell

$97,300

$180,550

$263,800

Median Riverdale Market Value

$147,900

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 Riverdale, Montcalm County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48877	$48,600	$92,050	$147,900	$207,850	$316,660

Source: Ownwell

Property Tax Bills Across Riverdale, Montcalm County, Michigan

In Riverdale, located in Montcalm County, MI, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in this area is $147,900, which plays a significant role in calculating the tax bill. The tax bill varies, with the 25th percentile at $849, the 75th percentile at $2,001, and the 90th percentile reaching $3,100. Compared to the national median property tax bill of $2,400, Riverdale's tax bills can be relatively lower or higher depending on the property's assessed value. Homeowners in Riverdale can find themselves paying a range of tax bills, influenced by the property's location within the county and its assessed market value. Ownwell assists homeowners by offering property tax appeal and exemption services, potentially reducing their tax liabilities. By analyzing property assessments and advocating for fair evaluations, Ownwell helps homeowners lower their tax bills, ensuring they only pay what is necessary, thus providing financial relief and peace of mind.

Property Tax Bills Across Riverdale, Montcalm County, Michigan

Source: Ownwell

$804

$1,666

$2,527

Median Riverdale Tax Bill

$1,378

Median Montcalm County Tax Bill

$1,657

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Riverdale, Montcalm County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48877	$446	$849	$1,378	$2,001	$3,100

Source: Ownwell