Henderson, Saginaw County, Michigan Property Taxes
Median Henderson, MI effective property tax rate: 0.31%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Henderson, MI home value: $157,000
Median annual Henderson, MI tax bill: $488, $1,912 lower than the national median property tax bill of $2,400.
How are property taxes in Saginaw calculated?
Property taxes in Henderson, 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 Henderson’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Henderson, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Henderson, Saginaw County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.36%
Estimate Property Tax Bill
$485
$450
Property Tax Rates Across Henderson, Saginaw County, Michigan
Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each year, counties determine their budgets to fund essential services, dividing this amount by the total assessed value of all taxable properties in their jurisdiction. This process results in the property tax rate. While voting and legislative actions play a role in establishing tax rates and budgets, this is the core process followed annually.
In Henderson, located in Saginaw County, Michigan, property tax rates can be compared to other cities within the state and the national median. The effective property tax rate in Henderson is notably lower than both the Michigan median and the national median of 1.02%. This lower rate can provide significant savings for property owners in the area, making Henderson an attractive location for those looking to minimize their property tax expenses. Understanding these rates can help residents make informed decisions about property investments and financial planning.
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 Henderson Tax Rate
0.36%
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 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 Henderson, Saginaw County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48841 | 0.28% | 0.34% | 0.36% | 0.42% | 0.47% |
Source: Ownwell
Property Tax Assessment Values Across Henderson, Saginaw County, Michigan
When examining property taxes in Henderson, 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 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 Henderson. For example, the median home price in Henderson is $157,000, with tax bills ranging significantly across the county. Zip code 48841 has the highest median home price at $157,000.
Property Tax Assessment Values Across Henderson, Saginaw County, Michigan
Source: Ownwell
$28,400
$152,200
$276,000
Median Henderson Market Value
$134,800
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 Henderson, Saginaw County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48841 | $47,240 | $103,200 | $134,800 | $188,800 | $231,120 |
Source: Ownwell
Property Tax Bills Across Henderson, Saginaw County, Michigan
In Henderson, property tax bills are determined by the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value, which can fluctuate based on market conditions and property improvements. Homeowners in Saginaw County face a median property tax bill of $488, significantly lower than the national median of $2,400. While the 25th percentile tax bill is $337, the 75th percentile reaches $734, and the 90th percentile goes up to $1,096. These variations highlight how property value and local tax rates impact the final tax bill.
Property taxes can be a significant expense for homeowners, affecting monthly budgets and long-term financial planning. Ownwell offers expert property tax appeal services to help homeowners potentially lower their tax bills. By analyzing property assessments and market conditions, Ownwell identifies opportunities for tax reductions and guides homeowners through the appeal process. This service can lead to substantial savings, making homeownership more affordable in Henderson.
Median Henderson Tax Bill
$460
Median Saginaw County Tax Bill
$971
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Henderson, Saginaw County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48841 | $198 | $372 | $460 | $721 | $937 |
Source: Ownwell