Colon, Branch County, Michigan Property Taxes
Property Taxes in Colon, Michigan
Median Coldwater, Michigan effective property tax rate: 1.11%, significantly higher than the national median of 1.02%, and higher than the Michigan state median of 1.05%.
Median Coldwater, Michigan home value: $134,800
Median annual Coldwater, Michigan tax bill: $1,336, lower than the national median property tax bill of $2,400.
How are property taxes in Branch calculated?
Property taxes in Coldwater, Michigan 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 Coldwater's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Coldwater, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Colon, Branch County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.11%
Estimate Property Tax Bill
$1,496
$1,389
How Does the {city_name} Property Tax Calculator Work?
Use this {cityname} property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies {cityname}'s median effective tax rate of 1.11% — based on actual property records in Branch County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies {city_name}'s median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within {city_name}: rates range from 1.11% in 49040 to 1.11% in 49040, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across {city_name}.
About Colon Property Taxes
About Property Taxes in Coldwater, Branch, Michigan
Coldwater’s median effective property tax rate of 1.11% is higher than the Michigan state median of 1.05% and higher than the national median of 1.02%. This rate reflects the Branch County base levy combined with local school district levies and Tax increment finance districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Coldwater. Homeowners in the 49040 ZIP code carry a median effective rate of 1.11%, while those in the same ZIP code also pay 1.11%. This spread reflects how school district boundaries and local assessment districts are drawn across Branch County. Understanding which part of Coldwater you live in can make a meaningful difference to your annual tax bill.
Coldwater homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the March 9, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Colon, Branch County, Michigan
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, 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.
Below, you can compare {city_name}'s effective property tax rate to other cities in Michigan and the median property tax rates in Michigan and the U.S.
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 Colon Tax Rate
1.11%
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 Branch County Tax Rate
1.05%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Colon, Branch County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49040 | 0.62% | 0.82% | 1.11% | 1.41% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Colon, Branch County, Michigan
When examining property taxes in {city_name}, 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 Branch 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 Branch County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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 {city_name}.
For example, the median home price in {city_name} is $134,800, with tax bills ranging significantly across the county. 49040 has the highest median home price at $134,800.
Property Tax Assessment Values Across Colon, Branch County, Michigan
Source: Ownwell
$107,100
$148,776
$190,452
Median Colon Market Value
$134,800
Median Branch County Market Value
$160,001
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Colon, Branch County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49040 | $38,000 | $59,900 | $134,800 | $193,900 | $288,080 |
Source: Ownwell
Property Tax Bills Across Colon, Branch County, Michigan
Property tax bills in Coldwater are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. For a home with a median home price of $134,800, the bill can vary widely depending on the neighborhood, the property’s characteristics, and any local taxing authorities that apply.
Homeowners in Branch County should expect bills to reflect the value of both the land and the structure, along with any exemptions or special assessments that may affect the final amount. The 25th percentile tax bill is $676, while the 75th percentile is $2,241 and the 90th percentile is $3,241, showing how much property taxes can differ from one home to another.
The median tax bill in ZIP code 49040 is $1,336, which is below the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. For homeowners, that means property taxes can be a significant annual expense that directly affects housing costs and monthly budgets.
Median Colon Tax Bill
$1,336
Median Branch County Tax Bill
$1,714
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Colon, Branch County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49040 | $368 | $676 | $1,336 | $2,241 | $3,241 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 9 |
Links | |
|---|---|
| Branch Tax Assessor | |
| Website | bsaonline.com |