Watervliet, Van Buren County, Michigan Property Taxes

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

Median Watervliet, MI effective property tax rate: 0.44%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Watervliet, MI home value: $157,600
Median annual Watervliet, MI tax bill: $697, $1,703 lower than the national median property tax bill of $2,400.

How are property taxes in Van Buren calculated?

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

Last Updated March 1, 2025

Watervliet, Van Buren County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.41%

Estimate Property Tax Bill

$755

$701

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

Local government entities set property 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 Watervliet, Van Buren County, Michigan, the effective property tax rate stands at 0.44%, which is significantly lower than the national median property tax rate of 1.02%. This means that homeowners in Watervliet enjoy a relatively low property tax burden compared to the national average. In fact, Watervliet's rate is among the lowest in the state, with no city in the region surpassing this figure. This low rate can be a significant advantage for property owners, potentially resulting in substantial savings over time.

By understanding how these rates are set and how they compare to state and national averages, property owners can better navigate their financial responsibilities and make informed decisions about their investments.

Property Tax Rates Across Watervliet, 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 Watervliet Tax Rate

0.41%

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 Watervliet, Van Buren County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49098	0.27%	0.32%	0.41%	0.49%	0.68%

Source: Ownwell

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

When examining property taxes in Watervliet, 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. 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: Van Buren County sends assessment notices 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 Watervliet. For example, the median home price in Watervliet is $157,600, with tax bills ranging significantly across the county. 49098 has the highest median home price at $157,600.

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

Source: Ownwell

$79,200

$179,600

$280,000

Median Watervliet Market Value

$184,200

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 Watervliet, Van Buren County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49098	$70,060	$102,550	$184,200	$267,700	$403,600

Source: Ownwell

Property Tax Bills Across Watervliet, Van Buren County, Michigan

Property tax bills in Watervliet, MI, are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the market value, and the tax rate is applied to this assessed value to determine the annual tax bill. In Watervliet, the median property tax bill is significantly lower than the national median, with figures such as the 25th percentile tax bill at $413 and the 75th percentile at $1,099. These values highlight the variability of tax bills within the area, influenced by factors such as property size, location, and improvements. Homeowners in Watervliet can benefit from appealing their property taxes to ensure they are not overpaying. Ownwell offers services to assist homeowners in navigating the property tax appeal process, potentially reducing their tax bills. By leveraging expert knowledge and a thorough understanding of local tax regulations, Ownwell helps homeowners achieve fair property tax assessments and savings.

Property Tax Bills Across Watervliet, Van Buren County, Michigan

Source: Ownwell

$506

$1,268

$2,029

Median Watervliet Tax Bill

$789

Median Van Buren County Tax Bill

$897

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Watervliet, Van Buren County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49098	$247	$455	$789	$1,213	$1,561

Source: Ownwell