Sears, Osceola County, Michigan Property Taxes

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

Median SEARS, MI effective property tax rate: 1.25%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median SEARS, MI home value: $110,700
Median annual SEARS, MI tax bill: $1,363, $1,037 lower than the national median property tax bill of $2,400.

How are property taxes in Osceola calculated?

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

Last Updated March 1, 2025

Sears, Osceola County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.17%

Estimate Property Tax Bill

$1,541

$1,430

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

Property Tax Rates Across Sears, Osceola County, Michigan

Local government entities set tax rates, which can vary widely within a state. Each county 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 SEARS, located in Osceola County, Michigan, the effective property tax rate is 1.25%. This rate aligns with the county's highest and lowest median tax rates, both recorded at 1.25% in the zip code 49679. When compared to the national median property tax rate of 1.02%, SEARS has a higher rate. The median property tax bill in the U.S. is $2,400, which provides a useful benchmark when considering local tax burdens. By understanding these figures, property owners in SEARS can gain a clearer picture of how their local tax rates compare to state and national averages.

Property Tax Rates Across Sears, Osceola County, Michigan

Source: Ownwell

0.93%

1.11%

1.29%

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 Sears Tax Rate

1.17%

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 Sears, Osceola County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49679	0.71%	0.87%	1.17%	1.52%	1.95%

Source: Ownwell

Property Tax Assessment Values Across Sears, Osceola County, Michigan

When examining property taxes in Sears, 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 Osceola 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 Osceola 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 Sears.

For example, the median home price in Sears is $110,700, with tax bills ranging significantly across the county. The zip code 49679 has the highest median home price at $110,700.

Property Tax Assessment Values Across Sears, Osceola County, Michigan

Source: Ownwell

$121,400

$143,250

$165,100

Median Sears Market Value

$131,700

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 Sears, Osceola County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49679	$37,400	$72,050	$131,700	$211,550	$297,700

Source: Ownwell

Property Tax Bills Across Sears, Osceola County, Michigan

In Sears, located in Osceola County, MI, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in the area is $110,700, which influences the tax bill homeowners receive. Factors such as property location, improvements, and market trends are considered in the assessment process. The median property tax bill in Sears is $1,363, notably lower than the national median of $2,400, offering some relief to homeowners. However, tax bills can vary significantly, with the 25th percentile at $763 and the 90th percentile reaching up to $3,180, reflecting disparities based on property characteristics and valuation changes.

Ownwell provides valuable services to homeowners in Sears by offering property tax appeal and exemption guidance. By leveraging expertise in local tax regulations and market conditions, Ownwell helps homeowners identify potential savings opportunities. This can lead to a reduction in property tax bills, ensuring homeowners pay only their fair share. With professional assistance, navigating the complexities of property tax assessments becomes more manageable, potentially resulting in significant financial savings.

Property Tax Bills Across Sears, Osceola County, Michigan

Source: Ownwell

$1,200

$1,506

$1,811

Median Sears Tax Bill

$1,521

Median Osceola County Tax Bill

$1,571

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Sears, Osceola County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49679	$475	$832	$1,521	$2,460	$3,524

Source: Ownwell