Bannister, Saginaw County, Michigan Property Taxes

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

Median Bannister, MI effective property tax rate: 0.29%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%. Median Bannister, MI home value: $151,800. Median annual Bannister, MI tax bill: $451, $1,949 lower than the national median property tax bill of $2,400. How are property taxes in Saginaw calculated? Property taxes in Bannister, 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 Bannister’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bannister, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Bannister, Saginaw County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.33%

Estimate Property Tax Bill

$459

$426

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

Property Tax Rates Across Bannister, Saginaw 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 Bannister, located in Saginaw County, Michigan, the effective property tax rate is a noteworthy figure that stands out when compared to the national median rate of 1.02%. Michigan's median property tax rate is significantly below the national average, offering potential savings for homeowners. Bannister’s rate is an example of how some areas within the state can offer even more favorable rates.

For homeowners in Bannister, this translates into a lower property tax bill, which is considerably more affordable than the national median property tax bill of $2400. This makes Bannister an attractive location for those looking to save on property taxes while enjoying the benefits of living in Michigan.

Property Tax Rates Across Bannister, Saginaw County, Michigan

Source: Ownwell

0.33%

1.23%

2.13%

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 Bannister Tax Rate

0.33%

Median Effective Saginaw County Tax Rate

0.75%

Median Effective Michigan Tax Rate

1.05%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bannister, Saginaw County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48807	0.26%	0.28%	0.33%	0.37%	0.46%

Source: Ownwell

Property Tax Assessment Values Across Bannister, Saginaw County, Michigan

When examining property taxes in Bannister, 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 Saginaw 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 Saginaw 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 Bannister. For example, the median home price in Bannister is $151,800, with tax bills ranging significantly across the county. Zip code 48807 has the highest median home price at $151,800.

Property Tax Assessment Values Across Bannister, Saginaw County, Michigan

Source: Ownwell

$28,400

$152,200

$276,000

Median Bannister Market Value

$139,100

Median Saginaw County Market Value

$133,200

Median Michigan Market Value

$213,740

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bannister, Saginaw County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48807	$34,760	$71,750	$139,100	$187,350	$238,380

Source: Ownwell

Property Tax Bills Across Bannister, Saginaw County, Michigan

In Bannister, located in Saginaw County, MI, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the tax bill. Homeowners in Bannister pay a median property tax bill of $451, significantly lower than the national median of $2,400. This lower tax burden can be attributed to the local property tax rate, which is well below the national median rate of 1.02%. However, tax bills can vary widely; for instance, the 25th percentile tax bill is $262, while the 90th percentile reaches $1,097. These variations depend on factors such as property location and specific local tax levies. Ownwell assists homeowners in Bannister by identifying potential savings through appeals and exemptions, ensuring they are not overpaying. By leveraging local expertise and understanding the nuances of property tax assessments, Ownwell helps homeowners reduce their tax bills effectively.

Property Tax Bills Across Bannister, Saginaw County, Michigan

Source: Ownwell

$214

$1,060

$1,906

Median Bannister Tax Bill

$439

Median Saginaw County Tax Bill

$971

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Bannister, Saginaw County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48807	$125	$262	$439	$623	$818

Source: Ownwell