Tustin, Osceola County, Michigan Property Taxes

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

Median Tustin, MI effective property tax rate: 1.26%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Tustin, MI home value: $126,300
Median annual Tustin, MI tax bill: $1,571, $829 lower than the national median property tax bill of $2,400.

How are property taxes in Osceola calculated?

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

Last Updated March 1, 2025

Tustin, Osceola County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.26%

Estimate Property Tax Bill

$1,591

$1,477

Ownwell’s Tustin Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Tustin with just two data points.

By entering your property's estimated assessed value, our calculator applies Tustin’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 Tustin, Osceola County, Michigan

Local government entities in Michigan set property tax rates, which can vary significantly across counties. This variability arises because each county annually estimates the budget needed to provide essential services and divides that amount by the total value of all taxable properties within its jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the simplified annual process.

In Tustin, located in Osceola County, property owners experience an effective property tax rate that aligns with the highest and lowest rates in Michigan, both standing at 1.26%. This rate is higher than the national median property tax rate of 1.02%. When compared to the national median property tax bill of $2,400, property owners in Tustin might find their tax obligations to be relatively higher. Understanding these nuances can help property owners make informed decisions about potential tax appeals and exemptions. By leveraging professional property tax consulting services, residents can navigate these complexities and potentially reduce their tax burdens.

Property Tax Rates Across Tustin, Osceola County, Michigan

Source: Ownwell

1.12%

1.27%

1.41%

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 Tustin Tax Rate

1.26%

Median Effective Osceola County Tax Rate

1.27%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Tustin, Osceola County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49688	0.82%	0.98%	1.26%	1.68%	2.16%

Source: Ownwell

Property Tax Assessment Values Across Tustin, Osceola County, Michigan

When examining property taxes in Tustin, 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 Equalization Department 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 Tustin.

For example, the median home price in Tustin is $126,300, with tax bills ranging significantly across the county. Zip code 49688 has the highest median home price at $126,300.

Property Tax Assessment Values Across Tustin, Osceola County, Michigan

Source: Ownwell

$98,800

$112,550

$126,300

Median Tustin Market Value

$126,300

Median Osceola County Market Value

$109,600

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Tustin, Osceola County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49688	$35,480	$73,300	$126,300	$208,500	$306,200

Source: Ownwell

Property Tax Bills Across Tustin, Osceola County, Michigan

In Tustin, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. This assessed value is then multiplied by the local tax rate to determine the tax bill. With a median home price of $126,300, the property tax bill can vary significantly. For example, homeowners in the 25th percentile can expect to pay around $950, whereas those in the 75th percentile might see bills closer to $2,394. The highest median tax bill in the area is $1,571, which is considerably lower than the national median property tax bill of $2,400. These factors make property taxes a significant consideration for homeowners in Tustin, impacting their overall financial planning. Ownwell steps in to assist homeowners by providing expert property tax appeal and exemption services. By leveraging their expertise, homeowners can potentially lower their tax bills, ensuring they only pay what is fair and reasonable. This can lead to substantial savings and financial relief for property owners in Tustin.

Property Tax Bills Across Tustin, Osceola County, Michigan

Source: Ownwell

$1,094

$1,333

$1,571

Median Tustin Tax Bill

$1,571

Median Osceola County Tax Bill

$1,382

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Tustin, Osceola County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49688	$557	$950	$1,571	$2,394	$3,742

Source: Ownwell