Au Gres, Michigan Property Taxes
The median property tax rate in Au Gres, MI is 1.41%, considerably higher than both the national median of 0.99% and the Michigan state median of 1.07%. With the median home value in Au Gres, the typical annual property tax bill reaches $1,558, which is below the national median of $2,690. Property taxes in Au Gres are calculated based on the tax assessed value, typically lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Au Gres'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 Au Gres 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
Au Gres, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.41%
Estimate Property Tax Bill
$1,660
Ownwell’s AU GRES Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in AU GRES with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in AU GRES 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 Au Gres, Michigan
Property taxes in Au Gres, Michigan, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Au Gres is 1.41%, significantly higher than both the Michigan state median and the U.S. national median of 0.99%. Local government entities within Au Gres set these rates annually, and they can vary significantly across different neighborhoods. Each year, Au Gres 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 Au Gres's effective property tax rate to other counties in Michigan and the national median. For comparison, the 48703 zip code has the highest median property tax rate of 1.41%, while the 48703 zip code also has the lowest median tax rate of 1.41%. Understanding how these cities compare with Au Gres provides valuable insights into the varying tax landscape across Arenac County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Au Gres Tax Rate
1.41%
Average Arenac County Tax Rate
1.29%
Average Michigan Tax Rate
1.07%
Average United States Tax Rate
0.99%
Property Tax Rates Across Au Gres, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48703 | 0.94% | 1.13% | 1.41% | 1.74% | 2.04% |
Source: Ownwell
Property Tax Assessment Values Across Au Gres, Michigan
In Au Gres, 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 Arenac 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 Au Gres, 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. The median home price in Au Gres is $117,700, with tax bills ranging from $904 at the 25th percentile to $4,815 at the 90th percentile. The highest and lowest median tax bills in the area are both $1,558, found in the 48703 zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Au Gres Assessed Value
$117,700
Average Arenac County Assessed Value
$100,000
Average Michigan Assessed Value
$177,800
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Au Gres, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48703 | $27,660 | $66,400 | $117,700 | $213,450 | $338,000 |
Source: Ownwell
Property Tax Bills Across Au Gres, Michigan
In Au Gres, Arenac County, MI, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is typically a percentage of the market value of the property. Homeowners in Au Gres can expect property tax bills that vary widely depending on the value of their homes and the tax rate applied. For instance, the median home price in Au Gres is $117,700, and the property tax rate is around 1.32%, higher than the national median of 0.99%. The tax bill for homeowners in Au Gres can range significantly: at the 25th percentile, it is approximately $904, while at the 75th percentile, it reaches $2,859. For those at the 90th percentile, the tax bill can soar to $4,815. These variations are influenced by several factors, including property improvements, neighborhood changes, and local government budgets. Understanding these factors can help homeowners anticipate their tax obligations and plan their finances accordingly.
Average Au Gres Tax Bill
$1,558
Average Arenac County Tax Bill
$1,273
Average Michigan Tax Bill
$1,795
Average United States Tax Bill
$2,690
Property Tax Bills Across Au Gres, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 48703 | $429 | $904 | $1,558 | $2,859 | $4,815 |
Source: Ownwell