Paris, Osceola County, Michigan Property Taxes
Median Paris, MI effective property tax rate: 1.13%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Paris, MI home value: $98,800
Median annual Paris, MI tax bill: $1,094, $1,306 lower than the national median property tax bill of $2,400.
How are property taxes in Osceola calculated?
Property taxes in Paris, 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 Paris’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Paris, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Paris, Osceola County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.93%
Estimate Property Tax Bill
$1,129
$1,048
Ownwell’s Paris Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Paris with just two data points.
By entering your property's estimated assessed value, our calculator applies Paris’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 Osceola County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Paris, Osceola County, Michigan
Local government entities determine tax rates, leading to significant variation within a state. Each year, counties like Osceola assess their necessary budget for services and divide this by the total value of all taxable properties in their area. This calculation determines the property tax rate. Though votes and legislation influence tax rates and budgets, this is the core of the annual process.
Paris, located in Osceola County, has a property tax rate that aligns with the highest and lowest rates in the state, both at 1.13%. This rate is above the national median of 1.02%, illustrating a higher local tax burden compared to the national average. The median property tax rate in Michigan stands at 1.13%, matching the rate in Paris. This comparison highlights the uniformity in tax rates within the state, yet underscores the variance from the national figures. Understanding these nuances can help property owners in Paris make informed decisions about their property taxes, ensuring they are well-prepared for their financial obligations.
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 Paris Tax Rate
0.93%
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 Osceola County Tax Rate
1.14%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Paris, Osceola County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49338 | 0.74% | 0.82% | 0.93% | 1.08% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Paris, Osceola County, Michigan
When examining property taxes in Paris, 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 Osceola 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 Osceola County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 Paris. For example, the median home price in Paris is $98,800, with tax bills ranging significantly across the county. Zip code 49338 has the highest median home price at $98,800.
Property Tax Assessment Values Across Paris, Osceola County, Michigan
Source: Ownwell
$121,400
$143,250
$165,100
Median Paris Market Value
$121,400
Median Osceola County Market Value
$139,600
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Paris, Osceola County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49338 | $75,840 | $89,100 | $121,400 | $203,750 | $313,340 |
Source: Ownwell
Property Tax Bills Across Paris, Osceola County, Michigan
Median Paris Tax Bill
$1,200
Median Osceola County Tax Bill
$1,571
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Paris, Osceola County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49338 | $816 | $920 | $1,200 | $1,697 | $2,713 |
Source: Ownwell