Kalamazoo County, MI Property Tax Search
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In-depth Kalamazoo County, MI Property Tax Information
Assess all the factors that determine a property's taxes with a detailed report like the sample below. Create a free account and review your selected property's tax rates, value assessments and more.
See detailed property tax information from the sample report for 10574 sharon lee Ln, Kalamazoo County, MI
Property Tax Calculation
Proposal A (1994), the main legal document regarding property taxation in the State of Michigan, mandates that tax calculation is based on two main factors: Taxable Value (TV) and State Equalized Value (SEV).
Market Value
The Kalamazoo County Department of Equalization establishes the true cash value also known as market value, for all taxable real property in the county. Market value has been defined by The Supreme Court as the sale price of real estate as agreed upon between a willing buyer and willing seller, with neither being under duress to buy or sell.
Assessed Value
The State Equalized Value, also known as assessed value is determined by the local assessor, based on the property's condition on December 31 of the previous year and is calculated using an assessment ratio set by the State Legislature. Currently, the assessment ratio applicable for real estate property in Kalamazoo County is 50%.
Exemptions and Taxable Value
The taxable value is used to calculate the property taxes. The taxable value represents the value capped at the rate of inflation or 5%, whichever is less. Because of the fact that the true cash value rise faster than the rate of inflation, the taxable value will result below SEV. However, if a property is transferred, the following year's SEV becomes the property's taxable value.
Property Tax
Base tax is calculated by multiplying the property's assessed value by the corresponding millage rates and is an estimate of what an owner not benefiting from any exemptions would pay. The rates are expressed as millages (i.e the actual rates multiplied by 1000).
Current tax represents the amount the present owner pays including exemptions.
Property tax exemptions like Principal Residence Exemption/Qualified Agriculture are available in The State of Michigan, which may lower the property's tax bill. The Principal Residence Exemption (PRE)/Qualified Agriculture (QA) status for this property is 100%.
Actual taxes might differ from the figures displayed here due to various abatement and financial assistance programs or to non ad-valorem taxes levied as special assessments and direct charges. For more information please visit Kalamazoo County's Department of Equalization, Treasurer or look up this property's current valuation.
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Kalamazoo County Stats for Property Taxes
Looking for more property tax statistics in your area? Instantly view essential data points on Kalamazoo County, as well as MI effective tax rates, median real estate taxes paid, home values, income levels and even homeownership rates.
Effective tax rate (%)
1.52% of Assessed Home Value
1.35% of Assessed Home Value
1.02% of Assessed Home Value
Median real estate taxes paid
$3,185
$2,708
$2,869
Median home value
$209,700
$201,100
$281,900
Median income
$67,905
$68,505
$75,149
Owner occupied housing (%)
64%
72.5%
64.8%
Renter occupied housing (%)
36%
27.5%
35.2%
Frequently Asked Questions on Property Taxes
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