South Dakota Property Tax Calculator

Michigan Property Tax Calculator

Michigan Property Tax Calculator

Estimate your property taxes based on Michigan's assessment rates and mill rates

1
Property Details
2
Location
3
Owner Info
4
Exemptions
5
Results
Michigan Assessment Rates
Michigan assesses properties at 50% of true cash value with an average effective property tax rate of ~1.15%. Taxable value increases are capped at 5% per year or the rate of inflation, whichever is less.

Property Details

Enter the true cash value (market value) of your property in USD

Please enter a valid true cash value

Enter the previous year's taxable value (if known)

Current inflation rate (default: 2.3%)

Different property types have different tax rates in Michigan

Please select a property type

Enter the total square footage of the property

Please enter valid square footage

Enter the total acreage of the property

Please enter valid acreage

Enter the year the property was constructed

Please enter a valid year

The year for which you want to calculate property taxes

Please select an assessment year

Principal residences qualify for the Principal Residence Exemption (PRE)

Recent purchases may trigger a taxable value "uncapping"

Location Information

Your county determines some of your tax rates

Please select a county

Your city/township determines your local millage rates

School districts have their own millage rates

Special assessment districts may have additional millage rates

Owner Information

Your ownership status may affect exemption eligibility

Please select an ownership status

Enter how many years you've owned the property

Please enter a valid duration

Enter owner's age (required for certain exemptions)

Please enter a valid age

Required for Homestead Property Tax Credit eligibility

Disabled veterans may qualify for property tax exemptions

Seniors may qualify for additional property tax credits

Exemption Eligibility

Check all exemptions that apply to your property

Exempts property from up to 18 mills of school operating taxes

100% exemption for qualifying disabled veterans

For low-income homeowners who meet local guidelines

State income tax credit for qualifying homeowners and renters

Exempts property from up to 18 mills of school operating taxes

For qualifying industrial properties

For qualifying residential properties in designated zones

For qualifying rehabilitated commercial properties

For qualifying rehabilitated obsolete properties

Property Tax Assessment Results

Assessment Summary

True Cash Value: $0
State Equalized Value (SEV): $0
Previous Taxable Value: $0
Capped Value Increase: $0
Current Taxable Value: $0

Millage Rate Information

County Operating Millage: 0.00
City/Township Millage: 0.00
School Operating Millage: 0.00
School Debt Millage: 0.00
State Education Tax: 6.00
Special Assessment Millage: 0.00
Total Millage Rate: 0.00

Tax Calculation

County Tax: $0
City/Township Tax: $0
School Operating Tax: $0
School Debt Tax: $0
State Education Tax: $0
Special Assessment Taxes: $0
Total Property Tax: $0
Homestead Property Tax Credit: $0
Net Annual Tax Amount: $0
Effective Tax Rate: 0.00%

Payment Information

Summer Tax Due: $0
Winter Tax Due: $0
Summer Tax Due Date: July 1 (payable by September 14)
Winter Tax Due Date: December 1 (payable by February 14)

Disclaimer: This calculator provides an estimate of property taxes based on the information provided. Actual tax amounts may vary. Please consult with your local tax assessor's office for official tax information.

Use our extensive calculator to estimate your South Dakota property tax liability each year. You can calculate your overall tax bill and make financial plans by entering the assessed value of your property, the local mill rate, and any applicable exemptions.

What’s This Calculator?

Definition:
Based on local assessments, mill rates, and available exemptions, a South Dakota property tax calculator is a tool used by homeowners and potential buyers to estimate their annual property tax. You can determine your yearly tax liability by inputting:

  • The assessed value of your property
  • The tax rate (in mills)
  • Any relevant credits or exemptions

Why It Matters:
For homeowners, property taxes represent a substantial outlay of funds. Knowing your property tax in South Dakota, where rates differ by county and municipality, benefits you in the following ways:

  • Set aside money each month for escrow and mortgage payments
  • Examine the tax burdens in various regions
  • Evaluate the effects of exemptions such as the Homestead Exemption
  • When purchasing, selling, or refinancing a home, make well-informed choices

A Synopsis of the Past

Early Foundations:
Since the state’s creation, South Dakota has had a property tax system, which provides local governments with their main source of funding.

Assessment Procedures:
The market value as of November 1st of each year is used to determine the full and true value of properties.

Tax Relief Programs:
To lessen the tax burden on eligible citizens, South Dakota has implemented a number of tax relief programs over the years, such as exemptions for elderly people and disabled veterans.

How It Operates

Formula for Property Tax:
Annual Property Tax = Assessed Value × (Mill Rate ÷ 1,000) − Relevant Credits/Exemptions

Key Definitions:

  • Assessed Value: The county assessor’s assessment of your property’s market value
  • Mill Rate: The tax rate in mills, where one mill is equal to one dollar for every $1,000 in assessed value
  • Exemptions/Credits: Tax breaks that are available to properties that meet certain requirements, like the Disabled Veteran Exemption or the Homestead Exemption

In detail:

  1. Put the assessed value here:
    Get this from the office of your county assessor.
  2. Find the mill rate:
    This varies by location and can be found on the website of your local government or on your tax bill.
  3. Apply for Credits and Exemptions:
    Determine which exemptions you are eligible for, including:
  4. Homestead Exemption: For residents 70 years of age or older; postpones paying taxes until the property is sold
  5. Disabled Veteran Exemption: Exempts up to $200,000 of assessed value for eligible veterans
  6. Compute:
    Use the formula to find your yearly property tax.

Important Components & Inputs

Input Definition
Assessment The property’s market value as assessed by the county assessor
Mill Rate Local variations exist in the mill rate, which is the tax rate per $1,000 of assessed value
Homestead Exemption For residents 70 years of age and older; postpones paying taxes until the property is sold
Disabled Veteran Exemption For eligible disabled veterans; exempts up to $200,000 of assessed value
Additional Local Exemptions Extra deductions for property use or local programs

Cost and Output Types

Results What It Means
Gross Tax The total tax before any credits or exemptions are applied
Total Exemptions Total of all relevant credits and exemptions
Net Tax Due The total amount of taxes due each year after credits and exemptions are applied
Monthly Tax Estimate Calculated by dividing the Net Tax Due by twelve
Effective Tax Rate (%) The percentage obtained by dividing Net Tax Due by Assessed Value

Sample Calculations & Example Scenarios

# Assessed Value Mill Rate Exemptions Gross Tax Total Exemptions Net Tax Due Monthly Estimated Effective Rate
1 $150,000 $20.00 $3,000.00 $3,000.00 $0.00 $3,000.00 $250.00 2.00%
2 $2,200,000 22.50 Homestead Exemption $4,500.00 $4,500.00 $0.00 $0.00 0.00%
3 $250,000 18.75 Exemption for Disabled Veterans ($200,000) $4,687.50 $3,750.00 $937.50 $78.13 0.38%
4 $300,000 $25.00 None $7,500.00 $0.00 $7,500.00 $625.00 2.50%
5 $175,000 21.00 Homestead Exemption $3,675.00 $3,675.00 $0.00 $0.00 0.00%

Note:
Taxes accumulate as a lien on the property and are postponed until the property is sold due to the Homestead Exemption.

Interactive Tables and Charts: Average Mill Rates by County (Sample Data)

County Average Mill Rate
Minnehaha 22.00
Pennington 19.50
Lincoln 20.75
Brown 21.25
Brookings 18.50

Mill rates are subject to change every year and vary by location.

Frequently Asked Questions (FAQs)

Q1: How is the assessed value calculated?
The County Director of Equalization sets the assessed value, which is based on the property’s market value on November 1st of each year.

Q2: What is a mill rate?
The amount of tax due per $1,000 of assessed property value.
Example: A mill rate of 20 means $20 in tax for every $1,000 of assessed value.

Q3: Are there any exemptions from property taxes?
Yes. In South Dakota:

  • Homestead Exemption postpones taxes until property sale for residents 70+ years
  • Disabled Veteran Exemption exempts up to $200,000 of assessed value

Q4: How do I submit an exemption application?
Usually online or in person at the county courthouse.
Tip: Check with your County Director of Equalization for deadlines and requirements.

Q5: Is it possible for property tax rates to vary every year?
Yes. Mill rates can change yearly depending on local budgets.
Always verify current rates with your local taxing authority.

Based on the most recent tax laws and rates in South Dakota, this calculator generates estimates. Consult the South Dakota Department of Revenue or your county’s director of equalization for accurate calculations and eligibility for exemptions.

Find other property tax calculators for other states of USA here: