Holton, Oceana County, Michigan Property Taxes
Median Holton, MI effective property tax rate: 1.18%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Holton, MI home value: $131,600
Median annual Holton, MI tax bill: $1,694, $706 lower than the national median property tax bill of $2,400.
How are property taxes in Oceana calculated?
Property taxes in Holton, 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 Holton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Holton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Holton, Oceana County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.97%
Estimate Property Tax Bill
$1,867
$1,733
Property Tax Rates Across Holton, Oceana County, Michigan
Local government entities set tax rates, which can vary widely within a state. The tax rate is determined annually by each county, which 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 Holton, located in Oceana County, Michigan, the effective property tax rate reflects this process. When compared to other cities in Michigan and the national median, Holton's tax rate provides an interesting perspective on how local governance impacts property taxes. The median property tax rate in Michigan is slightly above the national median, which is 1.02%, with Holton's rate being consistent across the board. Property owners in Holton can benefit from understanding how these rates are set and how they compare to other regions. This knowledge can empower property owners to make informed decisions about property tax appeals and exemptions.
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 Holton Tax Rate
0.97%
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 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 Holton, Oceana County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49425 | 0.69% | 0.80% | 0.97% | 1.23% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Holton, Oceana County, Michigan
When examining property taxes in Holton, 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 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 Holton. For example, the median home price in Holton is $131,600, with tax bills ranging significantly across the county. Zip code 49425 has the highest median home price at $131,600.
Property Tax Assessment Values Across Holton, Oceana County, Michigan
Source: Ownwell
$86,300
$225,050
$363,800
Median Holton Market Value
$192,500
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 Holton, Oceana County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49425 | $68,600 | $115,300 | $192,500 | $330,950 | $444,800 |
Source: Ownwell
Property Tax Bills Across Holton, Oceana County, Michigan
In Holton, Michigan, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This value is typically a percentage of the market value. The property tax rate is applied to this assessed value to calculate the annual tax bill. In Holton, the median property tax bill is $1,694, which is lower than the national median of $2,400. Factors influencing the tax bill include the property's location, improvements, and market trends. Homeowners in Holton may face financial strain if their property taxes increase unexpectedly, especially if their tax bill is closer to the higher end of the spectrum, such as the 90th percentile at $3,546.
Ownwell can help homeowners in Holton save on their property tax bills by providing expert consultation and appealing incorrect assessments. Our team reviews your property's assessment for errors and files appeals on your behalf, potentially reducing your tax burden and ensuring you only pay what is fair. By leveraging Ownwell's expertise, homeowners can achieve significant savings and gain peace of mind.
Median Holton Tax Bill
$2,038
Median Oceana County Tax Bill
$1,905
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Holton, Oceana County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49425 | $651 | $1,199 | $2,038 | $3,030 | $4,380 |
Source: Ownwell