Vernon, Shiawassee County, Michigan Property Taxes

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

Median VERNON, MI effective property tax rate: 1.01%, slightly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median VERNON, MI home value: $124,400
Median annual VERNON, MI tax bill: $1,340, $1,060 lower than the national median property tax bill of $2,400.

How are property taxes in Shiawassee calculated?

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

Last Updated March 1, 2025

Vernon, Shiawassee County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.03%

Estimate Property Tax Bill

$1,512

$1,403

Ownwell’s Vernon Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Vernon with just two data points. By entering your property's estimated assessed value, our calculator applies Vernon'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 Vernon, Shiawassee County, Michigan

Local government entities are responsible for setting property tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its budgetary needs to provide essential services and divides that by the total assessed value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While the process involves votes and legislation, this is essentially how tax rates are set each year.

In Vernon, located in Shiawassee County, the effective property tax rate stands at 1.01%, which aligns with the median property tax rate in Michigan. This rate is slightly below the national median of 1.02%. Comparatively, Vernon’s property tax rate is consistent across the region, as it matches both the highest and lowest median tax rates in the area. This consistency can be beneficial for property owners seeking predictability in their tax obligations. Understanding these rates can help residents make informed decisions about property ownership and budget planning.

Property Tax Rates Across Vernon, Shiawassee County, Michigan

Source: Ownwell

0.85%

1.09%

1.33%

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 Vernon Tax Rate

1.03%

Median Effective Shiawassee County Tax Rate

1.25%

Median Effective Michigan Tax Rate

1.05%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Vernon, Shiawassee County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48476	0.76%	0.97%	1.03%	1.20%	1.49%

Source: Ownwell

Property Tax Assessment Values Across Vernon, Shiawassee County, Michigan

When examining property taxes in Vernon, 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 Shiawassee 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 Shiawassee 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 Vernon. For example, the median home price in Vernon is $124,400, with tax bills ranging significantly across the county. 48476 has the highest median home price at $124,400.

Property Tax Assessment Values Across Vernon, Shiawassee County, Michigan

Source: Ownwell

$146,800

$200,500

$254,200

Median Vernon Market Value

$146,800

Median Shiawassee County Market Value

$175,200

Median Michigan Market Value

$213,740

Median United States Market Value

$235,294

Property Tax Assessment Values Across Vernon, Shiawassee County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48476	$38,080	$115,100	$146,800	$173,900	$204,760

Source: Ownwell

Property Tax Bills Across Vernon, Shiawassee County, Michigan

In Vernon, located in Shiawassee County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is a percentage of the market value, reflecting the property's worth. Vernon homeowners face a median property tax bill of $1,340, which is below the national median of $2,400. Tax bills in Vernon can vary significantly, with amounts ranging from $1,038 at the 25th percentile to $1,940 at the 90th percentile. These fluctuations depend on various factors, including property location, size, and improvements. The tax rate applied to the assessed value determines the final bill. For homeowners, this can mean a substantial annual expense. Ownwell offers valuable assistance by reviewing property tax assessments and identifying potential areas for appeal or exemptions. By leveraging expert knowledge, Ownwell can help homeowners in Vernon potentially reduce their property tax bills, ensuring they pay a fair amount while taking advantage of any available savings.

Property Tax Bills Across Vernon, Shiawassee County, Michigan

Source: Ownwell

$1,581

$2,521

$3,461

Median Vernon Tax Bill

$1,581

Median Shiawassee County Tax Bill

$2,104

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Vernon, Shiawassee County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48476	$298	$1,220	$1,581	$1,896	$2,394

Source: Ownwell