Homer, Calhoun County, Michigan Property Taxes
Median Homer, MI effective property tax rate: 1.15%, significantly higher than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Homer, MI home value: $91,160
Median annual Homer, MI tax bill: $849, $1,551 lower than the national median property tax bill of $2,400.
How are property taxes in Calhoun 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, Calhoun County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.98%
Estimate Property Tax Bill
$1,648
$1,529
Property Tax Rates Across Homer, Calhoun County, Michigan
Local government entities determine tax rates, and these can differ significantly within a state. Each county calculates its necessary budget to deliver services and divides this amount by the total value of all taxable property in its area. This process establishes the property tax rate. Although setting tax rates and budgets involves votes and legal stipulations, this is the fundamental yearly procedure.
In Homer, situated in Calhoun County, homeowners encounter an effective property tax rate of 1.15%, which aligns with the highest and lowest median rates within the county. This rate is above both the Michigan state median property tax rate and the national median property tax rate of 1.02%. Consequently, homeowners in Homer might find themselves paying higher property taxes compared to other regions in the U.S. where the median tax rate is lower. Understanding these rates and how they compare to both state and national medians can help property owners in Homer make informed decisions about their real estate investments and financial planning.
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
0.98%
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 Calhoun County Tax Rate
1.29%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Homer, Calhoun County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49245 | 0.59% | 0.72% | 0.98% | 1.25% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Homer, Calhoun County, Michigan
When examining property taxes in Homer, 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 Calhoun 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 Calhoun County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 $91,160, with tax bills ranging significantly across the county. 49245 has the highest median home price at $91,160.
Property Tax Assessment Values Across Homer, Calhoun County, Michigan
Source: Ownwell
$98,000
$182,400
$266,800
Median Homer Market Value
$168,140
Median Calhoun County Market Value
$158,200
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Homer, Calhoun County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49245 | $75,200 | $119,400 | $168,140 | $262,400 | $455,580 |
Source: Ownwell
Property Tax Bills Across Homer, Calhoun County, Michigan
Median Homer Tax Bill
$1,691
Median Calhoun County Tax Bill
$2,319
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Homer, Calhoun County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49245 | $718 | $1,095 | $1,691 | $2,699 | $4,202 |
Source: Ownwell