Homer, Branch County, Michigan Property Taxes
Median Homer, MI effective property tax rate: 0.29%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Homer, MI home value: $129,556
Median annual Homer, MI tax bill: $344, $2,056 lower than the national median property tax bill of $2,400.
How are property taxes in Branch calculated?
Property taxes in Homer, 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 Homer’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Homer, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Homer, Branch County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.73%
Estimate Property Tax Bill
$959
$890
Property Tax Rates Across Homer, Branch County, Michigan
Local government entities determine property tax rates, leading to significant variations within a state. Each year, counties estimate their budgetary needs to provide essential services and divide this amount by the total value of all taxable properties within their jurisdiction. This calculation establishes the property tax rate. While the process involves votes and legislation, this annual assessment is the crux of determining property tax rates.
In Homer, located in Branch County, Michigan, the effective property tax rate is a critical factor for homeowners when comparing it to other cities in the state and nationwide. Michigan's median property tax rate is notably lower than the national median of 1.02%. This means that homeowners in Homer may find themselves paying less in property taxes compared to the national average, potentially resulting in significant savings. Understanding these rates can help property owners make informed decisions about their investments and financial planning. By comparing these rates, residents can better grasp how their property taxes align with state and national trends, ensuring they are well-informed about their financial obligations.
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 Homer Tax Rate
0.73%
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 Homer, Branch County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49245 | 0.48% | 0.57% | 0.73% | 1.08% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Homer, Branch County, Michigan
When examining property taxes in Homer, 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.
In Branch County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Homer.
For example, the median home price in Homer is $129,556, with tax bills ranging significantly across the county. Zip code 49245 has the highest median home price at $129,556.
Property Tax Assessment Values Across Homer, Branch County, Michigan
Source: Ownwell
$107,100
$148,776
$190,452
Median Homer Market Value
$131,384
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 Homer, Branch County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49245 | $42,183 | $88,994 | $131,384 | $198,480 | $223,328 |
Source: Ownwell
Property Tax Bills Across Homer, Branch County, Michigan
Median Homer Tax Bill
$817
Median Branch County Tax Bill
$1,714
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Homer, Branch County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49245 | $447 | $666 | $817 | $1,330 | $2,116 |
Source: Ownwell