Sheridan, Montcalm County, Michigan Property Taxes
Median Sheridan, MI effective property tax rate: 0.79%, significantly lower than the national median of 1.02%, and higher than the Michigan state median of 1.05%.
Median Sheridan, MI home value: $166,200
Median annual Sheridan, MI tax bill: $1,344, $1,056 lower than the national median property tax bill of $2,400.
How are property taxes in Montcalm calculated?
Property taxes in Sheridan, 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 Sheridan's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sheridan, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Sheridan, Montcalm County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.79%
Estimate Property Tax Bill
$1,313
$1,218
Ownwell’s Sheridan Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sheridan with just two data points.
By entering your property's estimated assessed value, our calculator applies Sheridan’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 Sheridan, Montcalm County, Michigan
Local government entities in Sheridan, located in Montcalm County, Michigan, determine property tax rates, which can significantly differ within the state. Annually, each county estimates the budget needed to provide essential services and divides it by the total value of all taxable property within the county. This calculation results in the property tax rate. While votes and legislation play a role in setting tax rates and budgets, this is the core of the annual process.
Sheridan's effective property tax rate is a key point of comparison to other cities in Michigan and the national median. The median property tax rate in Sheridan is lower than the national average of 1.02%. This makes Sheridan an attractive location for property owners looking for lower tax burdens. As property taxes can influence decisions on where to live or invest, understanding these rates is crucial. Sheridan offers a favorable tax environment compared to many other regions, potentially making it a more appealing choice for homeowners and investors alike.
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 Sheridan Tax Rate
0.79%
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 Sheridan, Montcalm County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48884 | 0.58% | 0.67% | 0.79% | 1.05% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Sheridan, Montcalm County, Michigan
When examining property taxes in Sheridan, 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 Assessor's Office 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 Sheridan. For example, the median home price in Sheridan is $166,200, with tax bills ranging significantly across the county. Zip code 48884 has the highest median home price at $166,200.
Property Tax Assessment Values Across Sheridan, Montcalm County, Michigan
Source: Ownwell
$97,300
$180,550
$263,800
Median Sheridan Market Value
$166,200
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 Sheridan, Montcalm County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48884 | $55,360 | $100,900 | $166,200 | $246,800 | $336,840 |
Source: Ownwell
Property Tax Bills Across Sheridan, Montcalm County, Michigan
Median Sheridan Tax Bill
$1,344
Median Montcalm County Tax Bill
$1,657
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Sheridan, Montcalm County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48884 | $460 | $798 | $1,344 | $2,085 | $2,967 |
Source: Ownwell