Schoolcraft, Van Buren County, Michigan Property Taxes

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

Median SCHOOLCRAFT, MI effective property tax rate: 0.39%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median SCHOOLCRAFT, MI home value: $210,500
Median annual SCHOOLCRAFT, MI tax bill: $887, $1,513 lower than the national median property tax bill of $2,400.

How are property taxes in Van Buren calculated?

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

Last Updated March 1, 2025

Schoolcraft, Van Buren County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.36%

Estimate Property Tax Bill

$865

$803

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

Property Tax Rates Across Schoolcraft, Van Buren 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 Schoolcraft, located in Van Buren County, MI, the effective property tax rate is an important consideration for homeowners. The median tax rate here is significantly lower than the national median of 1.02%. This means that homeowners in Schoolcraft may benefit from lower property tax bills compared to other parts of the country.

Comparing Schoolcraft’s effective property tax rate to other cities in Michigan and the U.S. can provide valuable insights for potential property buyers or current homeowners. Understanding these differences can help in making informed decisions about property investments and financial planning. As property taxes are a crucial component of homeownership costs, knowing where Schoolcraft stands can offer a competitive edge in the real estate market.

Property Tax Rates Across Schoolcraft, Van Buren County, Michigan

Source: Ownwell

0.30%

0.66%

1.03%

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 Schoolcraft Tax Rate

0.36%

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 Schoolcraft, Van Buren County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49087	0.33%	0.34%	0.36%	0.47%	0.49%

Source: Ownwell

Property Tax Assessment Values Across Schoolcraft, Van Buren County, Michigan

When examining property taxes in Schoolcraft, 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 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. 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 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 Schoolcraft. For example, the median home price in Schoolcraft is $210,500, with tax bills ranging significantly across the county. Zip code 49087 has the highest median home price at $210,500.

Property Tax Assessment Values Across Schoolcraft, Van Buren County, Michigan

Source: Ownwell

$79,200

$179,600

$280,000

Median Schoolcraft Market Value

$240,400

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 Schoolcraft, Van Buren County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49087	$128,280	$199,200	$240,400	$352,800	$503,800

Source: Ownwell

Property Tax Bills Across Schoolcraft, Van Buren County, Michigan

In Schoolcraft, located in Van Buren County, MI, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. Homeowners in this region typically see property tax bills ranging from $669 at the 25th percentile to $1,246 at the 75th percentile, with the 90th percentile reaching $1,999. The median tax bill in the area is $887, which is significantly lower than the national median property tax bill of $2,400. Property taxes can be a substantial expense for homeowners, impacting their overall financial planning. However, Ownwell offers a solution by providing property tax appeal and exemption services, potentially lowering these bills. By analyzing local market trends and assessment practices, Ownwell identifies opportunities for homeowners to reduce their property tax liabilities. This service not only helps homeowners save money but also ensures they are not overpaying compared to the actual market value of their property.

Property Tax Bills Across Schoolcraft, Van Buren County, Michigan

Source: Ownwell

$506

$1,268

$2,029

Median Schoolcraft Tax Bill

$944

Median Van Buren County Tax Bill

$897

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Schoolcraft, Van Buren County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49087	$534	$699	$944	$1,370	$2,099

Source: Ownwell