Sherwood, Branch County, Michigan Property Taxes

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

Median Sherwood, MI effective property tax rate: 0.34%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Sherwood, MI home value: $98,200
Median annual Sherwood, MI tax bill: $308, $2,092 lower than the national median property tax bill of $2,400.

How are property taxes in Branch County calculated?

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

Last Updated March 1, 2025

Sherwood, Branch County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.06%

Estimate Property Tax Bill

$1,135

$1,053

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

Property Tax Rates Across Sherwood, Branch County, Michigan

Local government entities determine property tax rates, leading to significant variations within a state. Annually, each county, including Branch County, estimates its budgetary needs for public services and divides this by the total value of all taxable property in its area. This process establishes the property tax rate. While votes and legislation play roles in setting these rates and budgets, this annual calculation is the core mechanism.

Sherwood, located in Branch County, Michigan, has a median effective property tax rate of 0.34%. This rate is significantly lower than both the state and national medians, with the national median property tax rate standing at 1.02%. When comparing Sherwood’s property tax rate with other cities in Michigan and across the U.S., it becomes clear that property owners in Sherwood benefit from a much lower tax burden. This lower rate can make Sherwood an attractive place for property investment and ownership, offering potential savings compared to other areas with higher tax rates.

Property Tax Rates Across Sherwood, Branch County, Michigan

Source: Ownwell

0.73%

0.92%

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 Sherwood Tax Rate

1.06%

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 Sherwood, Branch County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
49089	0.62%	0.82%	1.06%	1.44%	1.92%

Source: Ownwell

Property Tax Assessment Values Across Sherwood, Branch County, Michigan

When examining property taxes in Sherwood, 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 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 Sherwood.

For example, the median home price in Sherwood is $98,200, with tax bills ranging significantly across the county. The 49089 zip code has the highest median home price at $98,200.

Property Tax Assessment Values Across Sherwood, Branch County, Michigan

Source: Ownwell

$107,100

$148,776

$190,452

Median Sherwood Market Value

$107,100

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 Sherwood, Branch County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
49089	$34,000	$61,100	$107,100	$174,800	$266,840

Source: Ownwell

Property Tax Bills Across Sherwood, Branch County, Michigan

In Sherwood, property tax bills are determined by assessing the property's value and applying the local tax rate. The assessed value is generally a percentage of the property's market value, and the tax rate is set by local authorities in Branch County. The median home price in Sherwood is $98,200, and this value significantly impacts the tax bill. For homeowners, property taxes can represent a substantial financial obligation. The tax bill at the 25th percentile is $171, while at the 75th percentile, it rises to $517, and at the 90th percentile, it reaches $823. These figures show the variance in tax bills across the area, with the median tax bill being $308 in the 49089 zip code, which is considerably lower than the national median property tax bill of $2,400. Ownwell offers services to help homeowners in Sherwood reduce their property tax bills by providing expert guidance on appealing assessed values and securing exemptions, potentially leading to significant savings.

Property Tax Bills Across Sherwood, Branch County, Michigan

Source: Ownwell

$817

$1,367

$1,916

Median Sherwood Tax Bill

$1,135

Median Branch County Tax Bill

$1,714

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Sherwood, Branch County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
49089	$372	$646	$1,135	$1,868	$2,927

Source: Ownwell