Shingleton, Michigan Property Taxes
The median property tax rate in Shingleton, MI is 0.75%, which is notably lower than both the national median of 0.99% and the Michigan state median of 1.07%. With a median home value of $78,200 in Shingleton, the typical annual property tax bill amounts to $586, significantly below the national median of $2,690. Property taxes in Shingleton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Shingleton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Shingleton or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Shingleton, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$587
Ownwell’s Shingleton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shingleton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shingleton to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Shingleton, Michigan
Property taxes in Shingleton, Michigan, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shingleton is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Shingleton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shingleton estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Shingleton's effective property tax rate to other areas in Michigan and the national median. For comparison, the zip code 49884 has the highest median property tax rate of 0.75%, while the same zip code also has the lowest median tax rate of 0.75%. Understanding how these areas compare with Shingleton provides valuable insights into the varying tax landscape across Alger County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Shingleton Tax Rate
0.75%
Average Alger County Tax Rate
0.75%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shingleton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49884 | 0.45% | 0.59% | 0.75% | 1.08% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Shingleton, Michigan
In Shingleton, Michigan, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Alger County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Shingleton, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Shingleton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Shingleton are both $586, found in the 49884 zip code.
Average Shingleton Assessed Value
$78,200
Average Alger County Assessed Value
$94,600
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Shingleton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49884 | $25,000 | $43,100 | $78,200 | $126,400 | $178,400 |
Source: Ownwell
Property Tax Bills Across Shingleton, Michigan
In Shingleton, MI, property tax bills are calculated based on the assessed value of a property, which is determined by local tax assessors. This assessed value typically reflects a percentage of the property's market value. For homeowners in Shingleton, the median home price is $78,200. The tax rate in this area can significantly impact individual tax bills, which range widely. At the 25th percentile, homeowners might pay around $338 annually, while those at the 75th percentile could see bills as high as $1,052. For those in the 90th percentile, tax bills can reach up to $1,652. These taxes are crucial for funding local services such as schools, public safety, and infrastructure. Homeowners in Shingleton need to be aware of these potential costs as they can affect overall affordability and long-term financial planning. The highest and lowest median tax bills in the area are both $586, indicating some uniformity in tax assessments within the zip code 49884.
Average Shingleton Tax Bill
$586
Average Alger County Tax Bill
$783
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Shingleton, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49884 | $174 | $338 | $586 | $1,052 | $1,652 |
Source: Ownwell