The following is for estimating City of Grand Rapids real property taxes. The resulting calculation should only be used for budgetary purposes or as a tool for estimating mortgage escrow requirements. Tax rates are not finalized until mid-June of each year. The tax rates used in this estimate are the most current available. Generally, tax rates vary only slightly from year to year so that the rates found in this estimator should provide a fairly accurate estimate for both the current and next year's taxes.
For an estimate of future taxes on a property recently purchased, or for a potential purchase, a good rule of thumb for taxable value is 50% of the purchase price or by using the property's Assessed Value/SEV for the taxable value. If you have recently received your Assessment Notice, we recommend you use the information from this document to calculate your upcoming taxes. To review the most current assessment and tax information for your property on-line, click on the Property Tax Info button on the menu to the left.
Please enter the correct data for school district, taxable value and Principal Residence Exemption (PRE) percentage. Note should be made that per resolution, the City Treasurer is authorized to charge $15 for a written property tax estimate. To provide the same information free of charge, please use the printer friendly version located at the bottom of the estimate.
After clicking on Submit please scroll down to view the results.
School Operating Tax is exempted for the percentage of the property used as the property owner's principal residence. This is referred to as the
Principal Residence Exemption, or P.R.E.
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Questions or Comments? Please email grtreasurer@grcity.us or call 616-456-3020.