Branch, Oceana County, Michigan Property Taxes

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

Median BRANCH, MI effective property tax rate: 1.77%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median BRANCH, MI home value: $69,400
Median annual BRANCH, MI tax bill: $1,142, $1,258 lower than the national median property tax bill of $2,400.

How are property taxes in Oceana calculated?

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

Last Updated March 1, 2025

Branch, Oceana County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.6%

Estimate Property Tax Bill

$1,381

$1,281

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

Property Tax Rates Across Branch, Oceana County, Michigan

Local government entities set tax rates, which can vary widely within a state. This is because each county estimates its required budget to provide services annually and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell. In BRANCH, located in Oceana County, MI, the effective property tax rate is 1.77%, which is significantly higher than the national median rate of 1.02%. This places BRANCH at the higher end of the spectrum compared to other regions. The tax rate in BRANCH is also the highest in Michigan, matching the state median. This means that residents in BRANCH face higher property tax bills compared to the national median property tax bill of $2400. Understanding these rates is crucial for property owners as they can significantly impact annual expenses.

Property Tax Rates Across Branch, Oceana County, Michigan

Source: Ownwell

0.93%

1.26%

1.60%

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 Branch Tax Rate

1.60%

Median Effective Oceana County Tax Rate

0.98%

Median Effective Michigan Tax Rate

1.05%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Branch, Oceana County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49402	0.96%	1.19%	1.60%	2.05%	2.50%

Source: Ownwell

Property Tax Assessment Values Across Branch, Oceana County, Michigan

When examining property taxes in BRANCH, 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 Oceana 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 Oceana 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 BRANCH. For example, the median home price in BRANCH is $69,400, with tax bills ranging significantly across the county. 49402 has the highest median home price at $69,400.

Property Tax Assessment Values Across Branch, Oceana County, Michigan

Source: Ownwell

$86,300

$225,050

$363,800

Median Branch Market Value

$86,300

Median Oceana County Market Value

$199,400

Median Michigan Market Value

$213,740

Median United States Market Value

$235,294

Property Tax Assessment Values Across Branch, Oceana County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49402	$36,720	$55,450	$86,300	$154,550	$220,180

Source: Ownwell

Property Tax Bills Across Branch, Oceana County, Michigan

In BRANCH, property tax bills are determined by assessing the property's value and applying the local tax rate. The median home price is $69,400, and property taxes are calculated based on this assessed value. Homeowners in Oceana County experience tax bills that range significantly, with the 25th percentile at $776, the 75th percentile at $1,662, and the 90th percentile reaching $2,425. The median property tax bill in this area aligns with the national median tax bill of $2,400, offering a comparative perspective for homeowners.

These tax bills can place a financial burden on homeowners, especially if the assessed value does not accurately reflect the current market conditions. This is where Ownwell can assist homeowners. By providing expert property tax appeal and exemption services, Ownwell helps ensure that homeowners are not overpaying on their property taxes. By identifying discrepancies in property assessments and advocating for fair evaluations, Ownwell can help homeowners reduce their tax bills, offering significant savings and peace of mind.

Property Tax Bills Across Branch, Oceana County, Michigan

Source: Ownwell

$1,335

$2,354

$3,372

Median Branch Tax Bill

$1,335

Median Oceana County Tax Bill

$1,905

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Branch, Oceana County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49402	$615	$903	$1,335	$2,162	$3,106

Source: Ownwell