Bailey, Muskegon County, Michigan Property Taxes

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

Median Bailey, MI effective property tax rate: 0.38%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Bailey, MI home value: $214,100
Median annual Bailey, MI tax bill: $858, $1,542 lower than the national median property tax bill of $2,400.

How are property taxes in Muskegon calculated?

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

Last Updated March 1, 2025

Bailey, Muskegon County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.38%

Estimate Property Tax Bill

$814

$755

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

Property Tax Rates Across Bailey, Muskegon County, Michigan

Local government entities determine tax rates, which can vary significantly within a state. Each year, counties like Muskegon estimate the budget needed to provide essential services and divide this by the total value of all taxable properties within their jurisdiction. This calculation determines the property tax rate. Although the process involves votes and legislation, this is the fundamental approach.

In Bailey, located in Michigan, the effective property tax rate can be compared to other cities within the state and against national figures. Michigan's median property tax rate is notably lower than the national median, providing a distinct advantage for property owners. This difference highlights the importance of understanding local tax dynamics.

Being aware of how these rates are calculated and how they compare to other regions can empower property owners to make informed decisions. By optimizing property tax appeals and exemptions, property owners in Bailey can better navigate these financial obligations, potentially leading to significant savings. Understanding these local tax nuances is crucial for property owners aiming to manage their expenses effectively.

Property Tax Rates Across Bailey, Muskegon County, Michigan

Source: Ownwell

0.34%

0.85%

1.37%

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 Bailey Tax Rate

0.38%

Median Effective Muskegon County Tax Rate

0.47%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bailey, Muskegon County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49303	0.27%	0.32%	0.38%	0.50%	0.59%

Source: Ownwell

Property Tax Assessment Values Across Bailey, Muskegon County, Michigan

When examining property taxes in Bailey, 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 Muskegon 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. Assessment notices: In Muskegon 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 Bailey. For example, the median home price in Bailey is $214,100, with tax bills ranging significantly across the county. 49303 has the highest median home price at $214,100.

Property Tax Assessment Values Across Bailey, Muskegon County, Michigan

Source: Ownwell

$62,400

$178,450

$294,500

Median Bailey Market Value

$214,100

Median Muskegon County Market Value

$163,000

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bailey, Muskegon County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49303	$118,980	$155,650	$214,100	$298,550	$370,660

Source: Ownwell

Property Tax Bills Across Bailey, Muskegon County, Michigan

In Bailey, property tax bills are calculated based on the assessed value of a home, which is determined by the Muskegon County assessor. This assessed value is then multiplied by the local tax rate to determine the tax bill. Factors such as changes in market conditions and local government budgets can influence the assessed value and the tax rate, thus affecting the tax bill. Homeowners in Bailey can expect a median property tax bill of $858, which is significantly lower than the national median of $2400. However, this does not mean homeowners should overlook potential savings. With property tax bills ranging from $607 at the 25th percentile to $1783 at the 90th percentile, there's room for savings. Ownwell helps homeowners by identifying discrepancies in assessed values and assisting with appeals to ensure fair taxation. By leveraging expertise in local property tax regulations, Ownwell can potentially reduce your tax bill, providing peace of mind and financial relief.

Property Tax Bills Across Bailey, Muskegon County, Michigan

Source: Ownwell

$393

$1,357

$2,321

Median Bailey Tax Bill

$858

Median Muskegon County Tax Bill

$841

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Bailey, Muskegon County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49303	$412	$607	$858	$1,260	$1,783

Source: Ownwell

Don't miss the deadline to appeal!

Dates

Links
Muskegon Tax Assessor
Website	maps.muskegoncountygis.com