Riverdale, Gratiot County, Michigan Property Taxes

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

Median Riverdale, 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 Riverdale, MI home value: $105,700
Median annual Riverdale, MI tax bill: $353, $2,047 lower than the national median property tax bill of $2,400.

How are property taxes in Gratiot calculated?

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

Last Updated March 1, 2025

Riverdale, Gratiot County, Michigan Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

Estimate Property Tax Bill

$1,251

$1,161

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

Property Tax Rates Across Riverdale, Gratiot County, Michigan

Local government entities set tax rates, which can vary widely within a state. This is because each county annually 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 Riverdale, located in Gratiot County, MI, the property tax landscape is unique. The effective property tax rate in Riverdale is notably lower than the national median property tax rate of 1.02%. This means that homeowners in Riverdale enjoy a comparatively lower property tax burden, which can be a significant advantage for property owners. When compared to other cities in Michigan, Riverdale's effective tax rate is quite favorable, providing a more affordable option for residents. Additionally, the median property tax bill in Riverdale is significantly lower than the national median of $2,400, making it an attractive location for potential homeowners.

Property Tax Rates Across Riverdale, Gratiot County, Michigan

Source: Ownwell

0.77%

1.13%

1.49%

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 Riverdale Tax Rate

1.00%

Median Effective Gratiot County Tax Rate

1.13%

Median Effective Michigan Tax Rate

1.05%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Riverdale, Gratiot County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
48877	0.54%	0.70%	1.00%	1.19%	1.69%

Source: Ownwell

Property Tax Assessment Values Across Riverdale, Gratiot County, Michigan

When examining property taxes in Riverdale, 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 Gratiot 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 Gratiot 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 Riverdale. For example, the median home price in Riverdale is $105,700, with tax bills ranging significantly across the county. Zip code 48877 has the highest median home price at $105,700.

Property Tax Assessment Values Across Riverdale, Gratiot County, Michigan

Source: Ownwell

$64,500

$134,300

$204,100

Median Riverdale Market Value

$125,100

Median Gratiot County Market Value

$138,800

Median Michigan Market Value

$213,740

Median United States Market Value

$235,294

Property Tax Assessment Values Across Riverdale, Gratiot County, Michigan

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
48877	$41,400	$76,550	$125,100	$202,000	$301,700

Source: Ownwell

Property Tax Bills Across Riverdale, Gratiot County, Michigan

In Riverdale, Gratiot County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value typically represents 50% of the market value. The property tax rate is then applied to this assessed value to determine the annual tax bill. For homeowners in Riverdale, the tax bill can vary significantly, with the 25th percentile at $227 and the 90th percentile reaching $825. Compared to the national median property tax bill of $2400, Riverdale's tax bills are relatively low, with the median tax bill at $353.

Homeowners in Riverdale can benefit from Ownwell's expertise in property tax appeals. By analyzing each property's assessment, Ownwell can identify opportunities for reductions, potentially lowering the tax burden. This service can be especially beneficial for those whose tax bills are at the higher end of the spectrum. By ensuring fair assessments, Ownwell helps homeowners save money and achieve peace of mind regarding their property taxes.

Property Tax Bills Across Riverdale, Gratiot County, Michigan

Source: Ownwell

$755

$1,371

$1,987

Median Riverdale Tax Bill

$1,177

Median Gratiot County Tax Bill

$1,566

Median Michigan Tax Bill

$2,084

Median United States Tax Bill

$2,400

Property Tax Bills Across Riverdale, Gratiot County, Michigan

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
48877	$435	$750	$1,177	$1,761	$2,603

Source: Ownwell