Covert, Van Buren County, Michigan Property Taxes
Median COVERT, MI effective property tax rate: 0.62%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median COVERT, MI home value: $133,200
Median annual COVERT, MI tax bill: $739, $1,661 lower than the national median property tax bill of $2,400.
How are property taxes in Van Buren calculated?
Property taxes in COVERT, 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 COVERT’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in COVERT, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Covert, Van Buren County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.52%
Estimate Property Tax Bill
$956
$887
Property Tax Rates Across Covert, Van Buren County, Michigan
Local government entities determine tax rates, resulting in significant variations within a state. This happens because each county annually calculates its required budget for services and divides it by the total assessed value of all taxable properties in its jurisdiction, establishing the property tax rate. Although votes and laws play a role in setting these rates and budgets, this process occurs annually.
In COVERT, located in Van Buren County, the effective property tax rate is 0.62%. This rate is consistent across the county, as seen in the zip code 49043, which shares the same rate. When compared to the national median property tax rate of 1.02%, COVERT's rate is notably lower. This difference can result in significant savings for property owners in the area. The lower tax rate may also make COVERT an attractive option for potential homeowners looking to minimize their property tax burden. Understanding these rates and how they compare to both state and national figures can provide valuable insights for property owners and prospective buyers in the region.
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 Covert Tax Rate
0.52%
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 Van Buren County Tax Rate
0.41%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Covert, Van Buren County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49043 | 0.24% | 0.31% | 0.52% | 0.81% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Covert, Van Buren County, Michigan
When examining property taxes in Covert, 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 Van Buren 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. This 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 Van Buren 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 Covert. For example, the median home price in Covert is $133,200, with tax bills ranging significantly across the county. Zip code 49043 has the highest median home price at $133,200.
Property Tax Assessment Values Across Covert, Van Buren County, Michigan
Source: Ownwell
$79,200
$179,600
$280,000
Median Covert Market Value
$183,900
Median Van Buren County Market Value
$204,000
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Covert, Van Buren County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49043 | $45,000 | $98,500 | $183,900 | $392,500 | $788,120 |
Source: Ownwell
Property Tax Bills Across Covert, Van Buren County, Michigan
Median Covert Tax Bill
$823
Median Van Buren County Tax Bill
$897
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Covert, Van Buren County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49043 | $236 | $403 | $823 | $2,130 | $5,516 |
Source: Ownwell