Mancelona, Michigan Property Taxes
The median property tax rate in Mancelona, MI is 0.85%, which is lower than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Mancelona, the typical annual property tax bill reaches $790, significantly below the national median of $2,690. Property taxes in Mancelona 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 Mancelona'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 Mancelona or another part of Antrim County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mancelona, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$901
Ownwell’s Mancelona Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mancelona with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mancelona 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 Mancelona, Michigan
Property taxes in Mancelona, Michigan, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mancelona is 0.85%, which is lower than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Mancelona set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mancelona 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 Mancelona's effective property tax rate to other counties in Michigan and the national median. For comparison, the zip code 49659 has the highest median property tax rate of 0.85%, while the same zip code also has the lowest median tax rate of 0.85%. Understanding how these cities compare with Mancelona provides valuable insights into the varying tax landscape across Antrim County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mancelona Tax Rate
0.85%
Average Antrim County Tax Rate
0.72%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mancelona, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49659 | 0.43% | 0.54% | 0.85% | 1.25% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Mancelona, Michigan
In Mancelona, 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 Antrim 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 Mancelona, 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 Mancelona helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median tax bill in the area is $790, with the zip code 49659 reflecting this value.
Average Mancelona Assessed Value
$106,000
Average Antrim County Assessed Value
$211,000
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mancelona, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49659 | $29,200 | $56,800 | $106,000 | $164,550 | $235,400 |
Source: Ownwell
Property Tax Bills Across Mancelona, Michigan
In Mancelona, located in Antrim County, MI, property tax bills are determined by assessing the market value of a property and applying the local tax rate to this value. The assessed value is typically a percentage of the market value, and this figure is then multiplied by the local tax rate to calculate the annual tax bill. For instance, the median home price in Mancelona is $106,000. Property tax bills in Mancelona can vary significantly. The 25th percentile tax bill is $463, while the 75th percentile tax bill reaches $1297. The 90th percentile tax bill is even higher at $1994. These variations are influenced by factors such as property location, size, and any applicable exemptions or abatements. Homeowners in Mancelona experience tax bills that can be higher or lower than the national median property tax rate of 0.99%, depending on these factors. Understanding how these elements interact is crucial for homeowners to anticipate and manage their property tax obligations effectively.
Average Mancelona Tax Bill
$790
Average Antrim County Tax Bill
$1,488
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Mancelona, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49659 | $271 | $463 | $790 | $1,297 | $1,994 |
Source: Ownwell