Owosso, Saginaw County, Michigan Property Taxes

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

Median Owosso, MI effective property tax rate: 0.38%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Owosso, MI home value: $258,500
Median annual Owosso, MI tax bill: $640, $1,760 lower than the national median property tax bill of $2,400.

How are property taxes in Saginaw calculated?

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

Last Updated March 1, 2025

Owosso, Saginaw County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.38%

Estimate Property Tax Bill

$982

$912

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

Property Tax Rates Across Owosso, Saginaw County, Michigan

Local government entities are responsible for setting property tax rates, which can differ significantly across the state. This is because each county annually estimates its required budget to provide essential services and divides that amount by the total assessed value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although there are votes and laws involved in setting these rates and budgets, this is the core of the annual process. Owosso, located in Shiawassee County, Michigan, has an effective property tax rate that is notably lower than both the state and national medians. The median property tax rate in Michigan is 1.54%, which is higher than the national median of 1.02%. With Owosso's rate being significantly lower, homeowners in this city benefit from reduced property tax bills compared to many other regions. This makes Owosso an attractive location for property owners looking to minimize their tax burden while enjoying the services funded by these taxes.

Property Tax Rates Across Owosso, Saginaw County, Michigan

Source: Ownwell

0.28%

1.21%

2.14%

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 Owosso Tax Rate

0.38%

Median Effective Saginaw County Tax Rate

0.78%

Median Effective Michigan Tax Rate

1.07%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Owosso, Saginaw County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48867	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Owosso, Saginaw County, Michigan

When examining property taxes in Owosso, 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.

Assessment notices: In Saginaw County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Owosso. For example, the median home price in Owosso is $258,500, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Owosso, Saginaw County, Michigan

Source: Ownwell

$24,800

$143,100

$261,400

Median Owosso Market Value

$258,500

Median Saginaw County Market Value

$119,800

Median Michigan Market Value

$177,800

Median United States Market Value

$235,294

Property Tax Assessment Values Across Owosso, Saginaw County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48867	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Owosso, Saginaw County, Michigan

In Owosso, Michigan, property tax bills are calculated based on the assessed value of a homeowner's property, which is determined by the local tax assessor. This assessed value is a percentage of the market value, and the local tax rate is applied to this figure to calculate the annual tax bill. For homeowners in Owosso, the property tax bill can vary significantly. At the 25th percentile, the tax bill is around $543, indicating a relatively lower tax burden compared to other regions. However, at the 75th percentile, it rises to $1,057, and at the 90th percentile, it reaches $1,686. These figures highlight the variability in tax bills, which can impact homeowners' finances. With the national median property tax rate at 1.02% and a median tax bill of $2,400, Owosso's tax rates can be considered moderate. Ownwell assists homeowners by analyzing their property tax assessments and identifying potential savings. By filing appeals and exemptions, Ownwell ensures homeowners pay only their fair share, potentially reducing their tax liability.

Property Tax Bills Across Owosso, Saginaw County, Michigan

Source: Ownwell

$204

$1,093

$1,982

Median Owosso Tax Bill

$640

Median Saginaw County Tax Bill

$894

Median Michigan Tax Bill

$1,795

Median United States Tax Bill

$2,400

Property Tax Bills Across Owosso, Saginaw County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48867	N/A	N/A	N/A	N/A	N/A

Source: Ownwell